Element Nutritional Sciences Inc (TSE:MUSL) has released an update.
Promino Nutritional Sciences has made significant strides in its financial and operational restructuring, notably reducing its debt from nearly $6 million to $1.8 million, reacquiring a key intellectual property license, and securing $2.2 million in equity financing. Under new CEO Vito Sanzone’s leadership, the company has reinvigorated its product offerings and is poised to challenge the functional beverage sector. These efforts, alongside a proposed $3 million cash acquisition of Helios Helium Corp, signal a robust turnaround for the formerly struggling company.
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