Element Nutritional Sciences Inc. announced that it has signed a distribution agreement with OCSB Emerging Brands Group, whereby OCS Brands will distribute Rejuvenate on the convenience channel in the United States.
OCS Brands connects retailers in the convenience channel with proven and innovative brands. OCS Brands’ convenience network includes approximately 12,000 vending machines, micro-markets, food pantries and other convenience businesses, as well as travel, specialty retail and hospitality customers across national. In total, OCS Brands has access to more than 75,000 distribution points. Led by a team with over a century of expertise in all facets of the value chain within the convenience services vertical, OCS Brands offers a clear path to shorten the sales cycle and deliver ROI. faster to its partners.
Stuart Lowther, Managing Director, commented in the announcement, “With Rejuvenate firmly established in the US pharmacy channel and a growing e-commerce presence, we are continuously looking to partner with operators who can bring Rejuvenate to new new consumers, especially those seeking functional benefits.OCS Brands distributes a list of brands that align with our mission to help people live happier, healthier lives.This is our first step in “executing our unique service strategy in the US market to give consumers greater access to Rejuvenate. This partnership also provides a new opportunity for Rejuvenate in the $31 billion US convenience services industry.”
Si Rawls, COO of OCSB, added in the announcement, “We are thrilled to partner with Element to launch their Rejuvenate brand into the convenience channel. Today’s shopper is looking for brands that serve a specific health and wellness purpose. The science behind Rejuvenate goes far beyond traditional protein shakes, which will bring higher value sales to our operator partners.
Element Nutrition also announced that it has filed and obtained a receipt for a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. The shelf prospectus will allow the company to offer up to C$28,000,000 of common shares, warrants, subscription receipts and units during the 25-month period from which it becomes effective.
The specific terms of any future offerings under the shelf prospectus will be set out in a prospectus supplement, which supplement will be filed with the applicable Canadian securities regulatory authorities. The company filed the shelf prospectus in order to maintain financial flexibility while continuing to grow its business. There can be no assurance that any Securities will be offered or sold under the Shelf Prospectus during the 25 month period after it becomes effective.
Element, founded in 2015 and headquartered in Burlington, Ontario, is an innovative, research-driven Canadian nutraceutical company specializing in the development of patented, science-based products for the global consumer packaged goods market, with a portfolio focused specifically on men and women. over 50 years old. Element’s flagship product, Rejuvenate, is a patented formulation clinically proven to help rebuild, restore and rejuvenate the natural loss of muscle mass due to aging or other medical conditions. .