Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) announced a delay in filing its audited annual financial statements for the fiscal year ending November 30, 2021, previously set for March 31, 2022, citing complex IFRS accounting issues. The company expects to file the Required Documents by May 30, 2022. The management cease trade order (MCTO) restricts trading by its CEO and CFO but does not impact other shareholders. The company continues to issue bi-weekly default status reports as per NP 12-203 guidelines, confirming no material changes since the last announcement on March 31, 2021.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) has issued a bi-weekly default status report regarding its management cease trade order (MCTO) from the British Columbia Securities Commission, effective March 31, 2022. The Company is working with auditors to file the required documents by May 9, 2022. The MCTO restricts the CEO and CFO from trading securities, but does not affect other shareholders. The report confirms no material changes since the prior announcement and adherence to alternative reporting guidelines.
Eat Well Investment Group Inc. (CSE: EWG, US:EWGFF) announced the deemed exercise of its Special Warrants, resulting in the issuance of 10,403,999 units comprising common shares and warrants. This activation follows terms established in a special warrant indenture dated December 23, 2021. The company has received approval from the Canadian Securities Exchange to list the warrants under the ticker symbol EWG.WT, expected to start trading on April 26, 2022. In light of this, the company also withdrew its preliminary prospectus from the British Columbia Securities Commission.
Eat Well Investment Group Inc. announced that its first product, PURE Plant Based Protein Twists, developed by its subsidiary Sapientia Technology, LLC, has been named a finalist in the 29th annual Canadian Grand Prix New Product Awards. This recognition underscores the company's commitment to innovation and rapid product commercialization. Eat Well Group acquired Sapientia in summer 2021, aiming to bring products to market swiftly, which they successfully achieved within six months despite global supply chain challenges. The awards celebrate excellence in new product innovation in the Canadian market.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) provides an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission on March 31, 2022. The Company is working to file the required documents by May 9, 2022. This MCTO affects only the CEO and CFO's ability to trade shares until revocation. The Company has confirmed no material changes since the last default announcement on March 31, 2021, and continues to adhere to alternative information guidelines.
Eat Well Investment Group announces its portfolio company, Belle Pulses, plans to enhance its production capacities due to rising global demand driven by the food supply crisis. Belle aims to increase its annual production in location value="LS/ca.sk"Saskatchewan to approximately 100,000 metric tonnes while adding 15,000 metric tonnes at its US facility. This expansion is in response to heightened interest from international customers seeking reliable protein sources.
With significant operational advancements, Belle is poised to play a crucial role in global pulse protein supply.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) announced that the British Columbia Securities Commission has granted a management cease trade order (MCTO) in response to delays in submitting its audited annual financial statements for the year ended November 30, 2021. The MCTO restricts trading by the CEO and CFO until the required filings, due on March 30, 2022, are completed. The company is working diligently to meet these requirements and anticipates filing by May 9, 2022. Other shareholders remain unaffected in their trading activities.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) announced a delay in filing its audited annual financial statements for the year ended November 30, 2021, which were due by March 30, 2022. The company applied for a management cease trade order (MCTO) with the British Columbia Securities Commission (BCSC), pending filing. If the filings are not made by May 9, 2022, trading restrictions may apply. The delays are attributed to complexities from multiple acquisitions, but no specific accounting concerns have been identified. Until the filings are completed, the company will issue bi-weekly default status updates.
Eat Well Investment Group Inc. announces the launch of Amara Organic Foods products in select Sobeys and IGA stores across Canada. The brand, recognized as one of the fastest-growing baby food brands in America, aims to expand its robust eCommerce and retail presence.
The move enhances Amara’s distribution network alongside major retailers like Walmart Canada and Whole Foods, capitalizing on the growing demand for plant-based infant nutrition projected to surpass $109 billion globally by 2027.
Eat Well Investment Group Inc. (EWGFF) shares updates on its growth strategy and portfolio performance. CEO Marc Aneed emphasizes the Company’s focus on plant-based foods, aiming for $90-$110 million in revenue for 2022. With investments in Belle Pulses, Sapientia Technology, and Amara Organic Foods, EWG addresses a market exceeding $200 billion. The portfolio has achieved significant environmental impacts, including producing 1.4 billion plant-based burgers and saving over 96,250 metric tonnes of methane. EWG maintains a disciplined investment approach and is poised for long-term success.