Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0), a publicly-traded investment company, today released its first quarter 2022 financial results. Among the highlights, the company reported an 8.6% growth in assets to $64,769,938 at Feb. 28, 2022, from $59,627,414 at Nov. 30, 2021. The company also noted an improved cash position to $5,552,018 at Feb. 28, 2022, from $545,976 at Nov. 30, 2021. In addition, Eat Well Group provided several portfolio company highlights, including reported revenue of $12,809,752 and gross profit of $2,072,824 for Belle Pulses in Q1, as well as Sapientia’s commercialization of intellectual property and launch of white label better-for-you plant-based twisted curls. The update also addressed expansion of Amara Organic Foods’ products, adding to an already robust eCommerce and brick-and-mortar distribution network. “At a time when global/ macro trends have placed a tremendous importance on food production and alternative protein supply, our investments are not only proving to be timely but are contributors to global food security solutions,” said Marc Aneed, the company’s president and CEO. “With the majority of transaction costs behind us, we can now focus on attracting significant new capital partners, refinancing debt, and helping scale our portfolio companies.”
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About Eat Well Investment Group Inc.
Eat Well Group is a publicly traded investment company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and environmental, social and governance (“ESG”) sectors. Eat Well Group’s management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries and maintains a current investment mandate on the health/wellness industry. The team has financed and invested in early stage venture companies for greater than 25 years, resulting in unparalleled access to deal flow and the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns. For more information about the company, visit www.EatWellGroup.com.
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