Agreement settles potential litigation and clears path for recapitalization, marketing and strategic partnerships
BURLINGTON, ON, Dec. 6, 2023 /CNW/ - Element Nutritional Sciences Inc. (CNSX:ELMT.CN) (OTC:ELNSF) (FRANKFURT: 93X) (the "Company" or "Element") announces that, further to the news release of the Company dated September 11, 2023, a settlement (the "Settlement") has been reached between Eight IP, LLC ("Eight IP"), the Company and the Company's subsidiary Element Nutrition Inc. ("ENI") in connection with the claims relating to the Company's use of the patented formula included in its Rejuvenate™ and Promino™ beverages (the "Patent"). All dollar values herein are in USD.
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