Globe & Mail 10:43 AM EST, 01/13/2021 (MT Newswires) -- Else Nutrition Holdings Inc. (BABY.V), a provider of plant-based nutrition as an alternative to dairy-based formula, was at last look up near 3% after saying Wednesday that it has obtained a Canadian patent covering the formulation composition for use in an infant and toddler non-dairy formulation.
The company said the patented composition provides the necessary proteins, amino acids and other nutrients in a single food serving. The growth of Else's intellectual property portfolio in the Canadian market comes as it prepares to expand its North American presence, the company said.
Else's IP can also help serve the rapidly growing $3 billion plant-based food market in Canada, the company said.
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