For those interested in the CPG and health products sector, I've recently been thinking that one of my picks Element Nutritional Sciences Inc. ($ELMT.C $ELNSF) may be undervalued.
The nutraceutical company's most recent financials were really solid
- Revenue increased by $2M YoY
- 559% rev growth YoY with a gross margin of 40%
- Closed short form prospectus offering raising $3.5M gross
$ELMT also expanded distribution of its Rejuvenate protein product to Publix, Pattern, Sam’s Club, and Walgreens.
Considering that it is set to launch a new protein drink product in Q3 to the same retail network as its Rejuvenate product, I think we could see even more growth going forward.
Considering this the current price of $0.18/share is seeming like a very good entry point to me.
MC is $20.083M
https://ca.finance.yahoo.com/news/element-nutritional-sciences-reports-q1-050000613.html