NetworkNewsBreaks – Eat Well Investment Group In
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Posted On: 03/08/2022 3:49:19 PM
NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) CEO Releases Shareholder Update Letter
Eat Well Group (CSE: EWG) (OTC: EWGFF) founder, CEO and director Marc Aneed is providing a company update through a shareholder letter. The letter called leading the company a “once-in-a-lifetime” opportunity and provided an overview of the company. In the letter, Aneed noted that the company’s leadership team has garnered some 150 years of collective experience building and investing in a variety of businesses, brands, organizations and systems operating in the plant-based foods market. He stated that in the last several months the company has completed investments in Belle Pulses, a crown jewel of the Canadian prairies; Sapientia Technology, a leader in extrusion-based foods with high nutritional value, and Amara(R) Organic Foods, an infant nutrition company. “Every one of these businesses is a growth engine in its own right, either at the farm gate processing pulses such as yellow or green peas, faba beans, or chickpeas; generating the newest plant-based snacks such as our P-Curls, commonly described as ‘vegan Cheetos’; or empowering the newest generation of parents with foods & snacks that are 100% plant-based, 100% organic, and 100% delicious,” wrote Eat Well Group founder, CEO and director Marc Aneed in the shareholder letter. “While our 2021 year-end financials will be out shortly, we maintain our guidance in the forecasted range for our investments at ~$60MM with bottom-line profitability. The 2022 ambition remains to generate $90–$110MM and, with gross margins that will stand the test of time as the teams drive growth in their respective sectors. . . . Though we are only eight months old, we’ve been 40 years in the making with a deep repertoire and history of winning. Our investments are deeply rooted in North America, with Canada as the heart of the worldwide pulse sector for plant-based proteins, so we continue to be well-positioned to keep feeding the world with high-quality, highly nutritious plant-based foods.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eat Well Group (CSE: EWG) (OTC: EWGFF) founder, CEO and director Marc Aneed is providing a company update through a shareholder letter. The letter called leading the company a “once-in-a-lifetime” opportunity and provided an overview of the company. In the letter, Aneed noted that the company’s leadership team has garnered some 150 years of collective experience building and investing in a variety of businesses, brands, organizations and systems operating in the plant-based foods market. He stated that in the last several months the company has completed investments in Belle Pulses, a crown jewel of the Canadian prairies; Sapientia Technology, a leader in extrusion-based foods with high nutritional value, and Amara(R) Organic Foods, an infant nutrition company. “Every one of these businesses is a growth engine in its own right, either at the farm gate processing pulses such as yellow or green peas, faba beans, or chickpeas; generating the newest plant-based snacks such as our P-Curls, commonly described as ‘vegan Cheetos’; or empowering the newest generation of parents with foods & snacks that are 100% plant-based, 100% organic, and 100% delicious,” wrote Eat Well Group founder, CEO and director Marc Aneed in the shareholder letter. “While our 2021 year-end financials will be out shortly, we maintain our guidance in the forecasted range for our investments at ~$60MM with bottom-line profitability. The 2022 ambition remains to generate $90–$110MM and, with gross margins that will stand the test of time as the teams drive growth in their respective sectors. . . . Though we are only eight months old, we’ve been 40 years in the making with a deep repertoire and history of winning. Our investments are deeply rooted in North America, with Canada as the heart of the worldwide pulse sector for plant-based proteins, so we continue to be well-positioned to keep feeding the world with high-quality, highly nutritious plant-based foods.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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