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Element Nutritional Sciences Inc ( (TSE:MUSL) ) has issued an update.
Promino Nutritional Sciences Inc. has announced a non-brokered private placement of secured convertible debentures to raise up to $1 million, with the potential to increase to $1.5 million. This financing aims to support the company’s 2026 growth plans by building inventory and funding general corporate purposes. The offering is subject to Canadian Securities Exchange approval and is expected to close by January 30, 2026. Additionally, Promino has granted 500,000 options to purchase shares to a consultant, further indicating strategic moves to enhance its market position.
More about Element Nutritional Sciences Inc
Promino Nutritional Sciences Inc. is a Canadian company focused on developing science-based, clinically proven nutrition products for muscle health and recovery. Its primary offerings include Rejuvenate Muscle Health™, a clinically researched amino acid formula, and Promino™, NSF Certified for Sport®, which are trusted by elite athletes.
Average Trading Volume: 648,301
Technical Sentiment Signal: Sell
Current Market Cap: C$3.41M
For detailed information about MUSL stock, go to TipRanks’ Stock Analysis page.