The latest update is out from Element Nutritional Sciences Inc ( (TSE:MUSL) ).
Promino Nutritional Sciences Inc. has successfully closed the first tranche of its private placement, raising $320,000 through the issuance of 6,400,000 units. This funding will be used to accelerate sales and fulfillment of its muscle strength and recovery beverages, settle outstanding liabilities, and support general working capital. The move is expected to bolster Promino’s market presence and operational capacity in the muscle health sector.
More about Element Nutritional Sciences Inc
Promino Nutritional Sciences Inc. is a Canadian nutraceutical company focused on developing patented, science-based products for the global consumer packaged goods market, with an emphasis on muscle health. Its lead product, Rejuvenate Muscle™ Activator, is clinically proven to aid in muscle mass building and restoration. The company also offers Promino™, a performance supplement.
YTD Price Performance: 8.33%
Average Trading Volume: 200,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$7.33M
Learn more about MUSL stock on TipRanks’ Stock Analysis page.