Eat Well Investment Group Inc. (EWG) has completed a strategic investment from Nurture Healthy Food LLP, raising $5,017,999.50 through the issuance of 6,690,666 units at $0.75 per unit. Each unit includes one common share and a warrant with an exercise price of $1.00. The proceeds will be used for mergers, acquisitions, and general working capital. The company also sold an economic interest in Amara Organic Foods, entitling Nurture to 8% of net proceeds from future liquidation events and dividends. This partnership aims to accelerate EWG's international growth.
Eat Well Investment Group Inc. (EWGFF) announces that its subsidiary, Amara Organic Foods, has launched two new organic baby food flavors: Peas Corn & Carrots and Tropical Mango. These products are now available at approximately 200 H-E-B locations across the U.S. Amara, recognized as a fast-growing baby food brand, aims to consolidate its presence in major retailers like Walmart Canada and Whole Foods. This expansion reflects Amara's strategy to cater to the increasing consumer demand for fresh and convenient baby food options.
Eat Well Investment Group Inc. (EWGFF) announces that its majority-owned portfolio company, Amara Organic Foods, is now available nationwide at Walmart Canada and online at Walmart.com. Amara, among the fastest-growing baby food brands, will leverage Walmart's expansive eCommerce platform, which has an approximate value of US$75 billion in eCommerce sales for 2021. The infant nutrition market is projected to exceed $109 billion by 2027, indicating significant growth potential for Amara as it enhances its distribution strategy alongside established retailers like Whole Foods and Sprouts.
Eat Well Group announces a partnership with Avenue7Media as its lead Amazon digital merchandising agency to enhance its portfolio brands on Amazon.com. With 74% of U.S. consumers starting product searches on Amazon, the partnership aims to boost online sales, particularly in the snack sector. Additionally, the Company is launching a marketing campaign in North America and Europe with a total expenditure of $997,000. The Company’s strategic investments target high-growth sectors, including plant-based foods.
Eat Well Investment Group Inc. announces its portfolio company, Amara Organic Foods, has launched nationwide availability in Loblaws stores across Canada. This expansion taps into the rising demand for organic, plant-based baby food, bolstering Amara's retail presence alongside major retailers like Whole Foods. The infant nutrition market is predicted to exceed $109 billion globally by 2027. Eat Well anticipates that revenue from its consumer packaged goods investments will contribute 25-35% to its $90-110 million projected revenue for 2022.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) has successfully closed a best-efforts brokered private placement, raising approximately $5.1 million. The offering involved issuing 8,799,637 Special Warrants at $0.55 each, facilitated by Research Capital Corporation. Concurrently, a non-brokered placement attracted $260,199.50 from U.S. investors. Proceeds will be allocated to M&A and general working capital. The Offering awaits final approval from the Canadian Securities Exchange.
Eat Well Investment Group Inc. (EWGFF) has appointed Marc Aneed as its new Chief Executive Officer, succeeding David Doherty, who has retired. Aneed brings over 20 years of experience in consumer packaged goods (CPG), with a proven track record at leading brands like PepsiCo and Gatorade, and significant success in driving over $1B in retail sales. The company is focused on investing in plant-based nutrition companies, aiming to enhance shareholder value moving forward.
Eat Well Group announces the launch of its plant-based twisted curls, developed by subsidiary Sapientia Technologies, LLC, to over 350 Federated Co-op Stores in Western Canada. This innovative snack, which mimics Twisted Cheetos, offers up to 3-4x more protein and 4-5x more fiber while having 30% fewer calories. The initial flavors include Ketchup and Cheese, with new flavors anticipated soon. This move is part of Eat Well Group's strategy to tap into the growing healthier snack food market, supporting their expansion goals for 2022.
Eat Well Investment Group Inc. (EWGFF) announced that its subsidiary, Amara Organic Foods, is the #1 new release on Amazon for its toddler line. Amara has achieved a remarkable 5x revenue growth since January 2021, with a return on ad spend (ROAS) of up to 3x. The company has partnered with Pharmapacks to enhance eCommerce distribution and reported a 533% increase in sales since the launch of its dedicated Amazon store. Amara focuses on providing healthier, shelf-stable baby food options at competitive prices, starting at $1.79 per meal.
Eat Well Investment Group Inc. (EWGFF) has appointed Roth Capital Partners as its investment banker to explore US listing options. The company aims to leverage rapidly growing demand in the plant-based food sector, with expectations of over CAD$60 million in revenues for 2021 and targets of CAD$90-$110 million for 2022. President Marc Aneed emphasized the potential for broadening the institutional investor base through a major US exchange listing, citing Roth's sector experience and relationships as crucial for accelerating their goals.