BURLINGTON, Ontario–(BUSINESS WIRE)–Factor Dietary Sciences Inc. (CSE:ELMT; FRANKFURT:93X) (the “Firm” or “Factor”), is happy to offer an replace on its operational efficiency for the three-month interval ending September 30, 2021 (“Q3 2021”).
“With Rejuvenate™ gross sales gaining wonderful traction in each conventional retail and e-commerce channels, we’re delighted to announce our new product improvements for our flagship model. Rejuvenate Immune Well being™ and Rejuvenate Omega Well being™ are each concentrating on very giant markets and can leverage our patented plant-based amino acid formulation. Moreover, our sports activities diet product line, JAKTRX™, will probably be launching in the US this month. Factor is in a wonderful place to drive continued income progress by creating new gross sales channels and innovating new patented plant-based merchandise that assist folks reside higher lives,” mentioned Stuart Lowther, Chief Govt Officer.
Operational Replace Convention Name Particulars
The Firm will probably be internet hosting a convention name and webcast to offer an operational replace and to take questions from the funding group. The decision will probably be hosted by Stuart Lowther, Factor’s Founder, Chairman and CEO.
Rising Gross sales Velocity with Massive Retailers
The Firm is happy to report that its gross sales velocity reached over 3,700 items per week at Walgreens in the US in September 2021. This represents a big enhance from the Firm’s preliminary order in Q2 2021, the place Rejuvenate™ bought roughly 300 items in June 2021 via Walgreens and elevated volumes to over 10,000 items in September 2021. With US$139 billion in income in 2020 and over 8,000 areas, Walgreens is the second largest pharmacy in the US.
Factor can be accelerating its gross sales over the Amazon e-commerce platform. In Q3 2021, Rejuvenate™ product gross sales elevated 23% over the Amazon platform relative to Q2 2021. The Firm has engaged Cover Administration to advise on advertising via the Amazon platform and to speed up e-commerce gross sales.
Innovation Pipeline Replace
Factor is introducing two new merchandise to its innovation pipeline: Rejuvenate Immune Well being™ and Rejuvenate Omega Well being™.
The Firm has mixed its patented Rejuvenate™ formulation with extra key vitamins to create a singular product that helps and optimizes immune operate, Rejuvenate Immune Well being™. The worldwide immune well being dietary supplements market is predicted to succeed in of US$27 billion by 2026, growing at a fee of 8.4% between 2020 and 20261.
Rejuvenate Omega Well being™ provides plant-based omegas together with different key vitamins that help coronary heart and muscle well being. The worldwide Omega 3 market is at present estimated to succeed in roughly US$10 billion by 2027, rising at a fee of 8.4% between 2020 and 20272.
Along with these Rejuvenate™ product launches, the Firm can be on observe to launch JAKTRX™ Professional Restoration in the US in November 2021 and JAKTRX™ Promino in December 2021. In response to Grandview Analysis, the worldwide marketplace for sports activities diet was US$10.7 billion in 2020 and is predicted to develop 10.9% between 2021 and 2028. Further particulars on the JAKTRX™ product launches are offered within the Company’s press release dated September 22, 2021.
Enterprise Improvement Highlights for Q3 2021
Further highlights for Q3 2021 are as follows:
- Accomplished the primary cargo of 200 circumstances of Rejuvenate™ plant-based single serve pouches to iHerb in June 2021, promoting out on the platform on the primary day;
- Acquired an preliminary buy order from Metro for 43 shops in Ontario;
- Launched Rejuvenate™ ready-to-drink natural plant protein beverage on Sam’s Membership e-commerce platform in the US;
- Entered right into a brokerage settlement with Benefit Options, a consumer-packaged items dealer with over US$4 billion in income throughout 40 nations, to distribute Rejuvenate™ to retailers in North America and internationally;
- Engaged Cover Administration, which manages over US$1 billion of income on behalf of purchasers, to maximise consciousness and gross sales throughout the Amazon platform;
- Signed a letter of intent with NaturalMadeCo., Ltd., to ascertain a three way partnership to distribute Rejuvenate™ throughout the Asia Pacific area;
- Introduced Q2 2021 monetary outcomes with income growing 212% to $1.1 million and a gross margin of twenty-two%;
- Appointed Tracie Criminal and Greg Cochrane to the Board of Route;
- Appointed John Duffy as VP of Gross sales for the US and Stephen Brown as Chief Working Officer; and
- Shaped a Medical Advisory Board to help with designing a analysis and growth technique for brand new increased dose Rejuvenate™ formulations for the orthopedic and oncology market.
Factor is an modern and analysis pushed Canadian nutraceutical firm specializing within the growth of science-based merchandise for the worldwide client packaged items market, with a portfolio centered particularly on women and men over the age of fifty. Factor’s lead product, Rejuvenate™, is a proprietary formulation that’s clinically confirmed to help within the rebuilding, restoration and rejuvenation of pure lack of muscle mass as a result of growing older or different medical situations. Factor additionally presents JAKTRX™, an elite model of efficiency dietary supplements. Factor was based in 2015 and is situated in Burlington, Ontario.
To be taught extra about Factor, go to elmtinc.com.
Extra details about Rejuvenate™ may be discovered at: www.rejuvenatemuscle.com
Ahead Wanting Statements
This information launch incorporates “forward-looking info” and “forward-looking statements” (collectively, “ahead trying statements”) inside the that means of the relevant Canadian securities laws. All statements, apart from statements of historic reality, are forward-looking statements and are based mostly on expectations, estimates and projections as on the date of this information launch. Any assertion that includes discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions, future occasions or efficiency (usually however not all the time utilizing phrases similar to “expects”, or “doesn’t anticipate”, “is predicted”, “anticipates” or “doesn’t anticipate”, “plans”, “funds”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “might” or “might”, “would”, “may” or “will” be taken to happen or be achieved) will not be statements of historic reality and could also be forward-looking statements. On this information launch, ahead trying statements relate, amongst different issues, to: the dimensions of the markets for Rejuvenate™ merchandise and the timing of product launches.
These forward-looking statements are based mostly on affordable assumptions and estimates of administration of the Firm on the time such statements have been made. Precise future outcomes might differ materially as forward-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to materially differ from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such components, amongst different issues, embrace: fluctuations typically macroeconomic situations; expectations concerning the dimensions of the US and Canadian well being, nutraceutical and wellness markets and altering client habits; the viability of the Firm’s merchandise; availability of distribution channels for the Firm’s product choices; the flexibility of the Firm to efficiently obtain its enterprise goals; plans for enlargement; profitable growth of the Firm’s proposed merchandise; the presence of legal guidelines and rules that will impose restrictions or remembers on the sale of the Firm’s merchandise in the US and Canada; buyer and distributor relations; fluctuations in securities markets; and the shortcoming of the Firm to acquire satisfactory insurance coverage to cowl dangers and hazards. Though the forward-looking statements contained on this information launch are based mostly upon what administration of the Firm believes, or believed on the time, to be affordable assumptions, the Firm can’t guarantee shareholders that precise outcomes will probably be in keeping with such forward-looking statements, as there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. Readers shouldn’t place undue reliance on the forward-looking statements and knowledge contained on this information launch. The Firm assumes no obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they modify, besides as required by legislation.
No inventory change, securities fee or different regulatory authority has authorised or disapproved the knowledge contained herein.