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Promino Nutritional Sciences Updates Product Formulation Amid Legal and Financial Challenges

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Promino Nutritional Sciences Updates Product Formulation Amid Legal and Financial Challenges

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The latest update is out from Element Nutritional Sciences Inc ( (TSE:MUSL) ).

Promino Nutritional Sciences Inc. has reformulated its Rejuvenate Muscle Health™ and Promino™ products with a new amino acid blend, eliminating the need for a previous patent sublicense and associated expenses. This strategic move comes amid a legal dispute with EightIP LLC over unpaid royalties, which Promino is working to settle amicably. Additionally, the company is collaborating with auditors to file outstanding financial reports to lift a cease trade order by the Ontario Securities Commission, aiming to resume trading on the Canadian Securities Exchange.

More about Element Nutritional Sciences Inc

Promino Nutritional Sciences Inc. is a Canadian nutraceutical company based in Burlington, Ontario, specializing in the development of science-based products for muscle health. Its portfolio includes Rejuvenate Muscle Health™, aimed at building and rejuvenating muscle mass, and Promino™, a performance supplement for athletes to enhance muscle recovery and strength.

Technical Sentiment Signal: Sell

Current Market Cap: C$5.64M

For an in-depth examination of MUSL stock, go to TipRanks’ Overview page.

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