- Eat Well Investment Group Inc. is a brand builder and investor in plant-based consumer products, many of which have already established their popularity and function in North American markets
- The company’s investments in 2021 have led to growing revenues, and company officers forecast continuing to grow to about $100 million in sales by the end of 2022
- Eat Well Investment’s majority-owned Amara toddler organic food line was named Amazon’s top new release last year
- The company’s products enjoy a place on big box retail store shelves such as Walmart, Whole Foods, and Sprouts Farmer’s Market, and in January Eat Well announced they are also available nationwide across Canada in Loblaws Inc. stores
As the worldwide COVID-19 pandemic enters its third year, plant-based foods investment company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) is celebrating the stability of its holdings’ international sales and its prospects for revenue growth during the coming year.
Eat Well Investment Group has built its vertically integrated approach to feeding people delicious, more nutritious food at a lower cost than market standard and with greater accessibility at a global scale since turning its focus from providing venture capital funding for early-stage companies, to acquiring companies outright or acquiring majority stakes in companies.
The company’s primary aim is to create “transformational opportunities at scale within the plant-based agribusiness (pulse protein) and emergent foodtech CPG space” thanks to an experienced cadre of personnel, and a consumer product line that boasts “proteins, starches, and fiber (that) are now common ingredients in many everyday CPG products (not just vegan), from crackers, snacks, pastas, breads, plant-based meats, and milks/beverages” (https://nnw.fm/CkJaz).
After completing acquisition of plant-based food companies Belle Pulses and Sapientia Technology LLC on July 31, Belle Pulses-related revenues had increased more than 35 percent YOY as of the company’s most recent quarterly financials filing, according to the company’s statement.
Sapientia launched its first commercial product — plant-based twisted curls snacks created by the company’s founder and president, who invented the highly successful Twisted Cheetos — in December. Eat Well Group plans to scale its new revenue channel during the coming year with additional product offerings (https://nnw.fm/VnpcC).
Eat Well’s efforts to promote nutritional health through quality products under its banner also include its agreement in October to acquire a 51 percent initial investment in Pata Foods Inc., which is doing business as healthy and affordable baby and children’s food company Amara.
Amara Organic Foods’ toddler line had grown its revenue five times (533 percent) between January 2021 and January 2022, and had the distinction of being named e-commerce giant Amazon’s top new release (https://nnw.fm/prDHY).
Amara also enjoys a strong retail footprint through big-box retailers that include Walmart, Whole Foods and Sprouts Farmer’s Market, and as of January, nationwide across Canada in Loblaws Inc. Eat Well has an option to acquire additional ownership in Amara up to 80 percent.
As of Dec. 21, the company’s officers stated they expected company revenues to reach $60 million by the end of 2021 and that they are forecasting about $100 million in revenue for 2022.
Food security has become a growing concern worldwide amid concerns about climate change, and efforts to diversify agribusiness offerings and focus on climate-friendly food sources such as plant-based products have increased (https://nnw.fm/11JoS).
For more information, visit the company’s website at www.EatWellGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://nnw.fm/EWGFF
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