Elemental Nutritional Sciences (ELMT) Stock Reaches Near 52-Week High: A Good Buy?

Elemental Nutritional Sciences Inc (CNSX:ELMT) announced this morning that it received the very first purchase order for its ready to consume plant protein beverage named Rejuvenate and that has sent the stock soaring by 10%.

The order has been placed by the e-commerce platform named Sam’s Club. It is a major milestone for Elemental since Sam’s Club is a division of the retail behemoth Walmart Inc and operates out of both retail outlets and its own e-commerce platform. In the fiscal year 2021, the company managed to generate revenues of $63.9 billion.

It has also been announced that Elemental Nutritional is expecting to hit a many as 4.4 million impressions in its first advertising campaign in collaboration with Sam’s Club. The impressions also include those who are part of the membership base of Sam’s Club. At this point of time, the Rejuvenate range of products are also available on Amazon and the latest purchase order comes as another considerable boost to Elemental Nutritional.