BURLINGTON, Ontario, March 02, 2022–(BUSINESS WIRE)–Element Nutritional Sciences Inc. (CSE:ELMT; OTC:ELNSF; FRANKFURT:93X)(the “Company” or “Element”), is pleased to announce that it has secured automatic warehouse replenishment with Sam’s Club for its Rejuvenate™ ready to drink plant protein beverage. On January 21, 2022, the Company announced that Rejuvenate™ was available at all 589 Sam’s Club locations in the United States. Sam’s Club achieved significant sell through its first purchase order and will be moving to automatic replenishment for future orders. Element now has almost 15,000 of its total points of distribution on automatic warehouse replenishment for Rejuvenate™.
“We are thrilled to achieve complete sell through of Rejuvenate™ at all Sam’s Club locations, only a month after launch in store. This success is attributable to effective marketing of the Rejuvenate™ launch and the clear and proven benefits Rejuvenate™ provides for improving muscle health. We believe this is just a start to a long term relationship with Sam’s Club,” said Stuart Lowther, Chief Executive Officer.
Founded in 1983, Sam’s Club is a wholly-owned subsidiary of Wal-Mart in the United States and Puerto Rico, in addition to locations in Brazil, China and Mexico. For the fiscal year ending January 31, 2021, Sam’s Club’s total revenue was $64 billion1.
Element is an innovative and research driven Canadian nutraceutical company specializing in the development of science-based products for the global consumer packaged goods market, with a portfolio focused specifically on men and women over the age of 50. Element’s lead product, Rejuvenate™, is A proprietary formulation that is clinically proven to assist in the rebuilding, restoration and rejuvenation of natural loss of muscle mass due to aging or other medical conditions. Element also offers JAKTRX™, an elite brand of performance supplements. Element was founded in 2015 and is located in Burlington, Ontario.
To learn more about Element, visit elmtinc.com.
More information about Rejuvenate™ can be found at: www.rejuvenatemuscle.com
More information about JAKTRX™ and Promino™ can be found at: www.jaktrx.com
Forward Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, expectations, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected” , “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions , events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward looking statements relating, among other things, to: the potential for a long-term commercial relationship with Sam’s Club.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; expectations regarding the size of the United States and Canadian health, nutraceutical and wellness markets and changing consumer habits; the viability of the Company’s products; availability of distribution channels for the Company’s product offerings; the ability of the Company to successfully achieve its business objectives; plans for expansion; successful development of the Company’s proposed products; the presence of laws and regulations that may impose restrictions or recalls on the sale of the Company’s products in the United States and Canada; customer and distributor relations; fluctuations in securities markets; and the inability of the Company to obtain adequate insurance to cover risks and hazards. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligations to update the forward-looking statements of beliefs, other opinions, projections, or, should they change, except as required by law.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
1 Our Company (samsclub.com)
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