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Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) has secured a 51% equity stake in Amara Organic Foods for $11.6 million, with an option to increase ownership to 80%. The acquisition, expected to close around November 2, 2021, aligns with Eat Well's vertical integration strategy in the plant-based sector. Amara, known for its innovative baby food products, taps into a rapidly growing market projected to reach $96.3 billion by 2027. The partnership aims to leverage Amara's distribution strengths across major North American retailers.
Eat Well Group (CSE:EWG, US:EWGFF) reports progress on its food tech firm, Sapientia Technology, since acquiring it on July 30, 2021. Led by renowned food scientist Dr. Gino Bortone, Sapientia has secured four foundational patents focused on innovative snack production that enhances texture while providing healthier options. With plans to launch its 'P Curls' in December across 350 stores in western Canada, the company aims to capitalize on the growing demand for nutritious snacks. Future initiatives include developing plant-based protein alternatives and researching fermentation processes.
Eat Well Group (CSE:EWG, OTC:EWGFF) held its annual general meeting on
Eat Well Group has received full-service DTC eligibility, allowing its shares to be traded electronically in the U.S. This move is expected to enhance liquidity and broaden investor access. Marc Aneed, the Company's President, noted that the electronic settlement will facilitate faster transactions through a wider range of brokerage firms. The Depository Trust Company (DTC) provides essential clearing and settlement services, which will now benefit Eat Well Group's investors. The company focuses on high-growth sectors like agribusiness and food technology.
Eat Well Investment Group reports impressive growth, with a 35% year-over-year revenue increase for August and September. The firm, overseeing Belle Pulses, anticipates $60 million in revenue for 2021. Partnerships have expanded with major corporations like General Mills and Nestle, and there's rising demand for plant-based proteins, particularly in pet food. The global plant-based protein market is projected to reach $162 billion by 2030. Belle Pulses aims to leverage this growth trajectory for continued expansion.
Eat Well Investment Group Inc. has appointed Daniel Prefontaine, a veteran in the plant-based food industry, to its strategic advisory board. With over 35 years of experience, Prefontaine has aided over 400 companies in developing new food products and has significantly contributed to Canada's food tech landscape. His role is expected to enhance Eat Well's innovation and market reach, particularly in plant-based foods. Prefontaine joins an advisory board that includes notable figure Prince Khaled bin Alwaleed, underscoring the Company’s commitment to leadership in sustainable food solutions.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) announced that His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud has joined as a Strategic Advisor. Prince Khaled, a pioneer in plant-based food investment and CEO of KBW Ventures, aims to enhance food security and sustainability. His involvement is expected to bolster Eat Well Group's global investment strategy as the company continues to transform food systems. Last year, its portfolio sold over 26,000 tons of plant-based protein across 35 countries, saving over 89,000 metric tons of methane emissions.
Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) has announced a change in its US trading symbol from RKSCF to EWGFF, effective September 7, 2021. The Company is also expecting DTC Eligibility in the upcoming weeks. Eat Well Group focuses on investments in high-growth sectors, including agribusiness, foodtech, and ESG. The management team boasts over 25 years of experience in financing and building successful companies, which provides them with significant access to investment opportunities aimed at generating superior returns.