My Pick in the CPG Health sector ($ELMT) The nutraceutical company Element Nutritional Sciences (ELMT.c $ELNSF) has shown that it is growth-focused reporting that in Q1 2022 revenue increased by $2M from Q1 2021.
Overall YoY rev growth was 559% with a gross margin of 40%.
Over late 2021 and early 2022 $ELMT expanded the distribution of their Rejuvenate product which prevents age-related muscle loss.
Now Rejuvenate is stocked in huge US retailers like Publix, Pattern, Sam’s Club, and Walgreens.
Now $ELMT is using its strong relationships with retailers to push out its new muscle health product called Promino.
$ELMT closed stable today @ $0.22
MC $24.546M
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/element-nutritional-sciences-reports-q1-2022-financial-performance