NetworkNewsBreaks – Eat Well Investment Group In
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Posted On: 06/13/2022 4:43:29 PM
NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Releases Q4, FY 2021 Financial Report
Eat Well Group (CSE: EWG) (OTC: EWGFF), a publicly traded investment company, is reporting financial results and corporate updates for its fourth quarter and 2021 fiscal year. Highlights of the report include combined revenues from Eat Well Group’ portfolio companies of C$57,936,019 as well as the acquisition of all outstanding shares of Belle Pulses Ltd. and Sapientia Technology LLC plus a 51% majority equity interest in Pata Foods; these three acquisitions are the foundation for Eat Well Group’s plant-based foods investment platform. According to the report, EWGFF total assets grew 1,082% during fiscal year 2021 with all three companies combining to generate positive net earnings of $1,478,420 despite challenging geopolitical conditions, growing inflation, adverse weather conditions, a global pandemic and worldwide supply chain issues. In addition, the company strengthened its board of directors and senior management team with key additions and announcements and announced an advisory board with proven professionals. “We have laid a strong foundation within the Eat Well Group investment platform, and we are very enthusiastic about the trajectory of our portfolio,” said Eat Well Group director, president and CEO Marc Aneed in the press release. “The global plant-based foods market continues to rapidly expand as consumers make healthier decisions for themselves and their families. Our portfolio companies are well-positioned to capture global pulse demand and accelerate the scale of their better-for-you consumer products for years to come.”
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), a publicly traded investment company, is reporting financial results and corporate updates for its fourth quarter and 2021 fiscal year. Highlights of the report include combined revenues from Eat Well Group’ portfolio companies of C$57,936,019 as well as the acquisition of all outstanding shares of Belle Pulses Ltd. and Sapientia Technology LLC plus a 51% majority equity interest in Pata Foods; these three acquisitions are the foundation for Eat Well Group’s plant-based foods investment platform. According to the report, EWGFF total assets grew 1,082% during fiscal year 2021 with all three companies combining to generate positive net earnings of $1,478,420 despite challenging geopolitical conditions, growing inflation, adverse weather conditions, a global pandemic and worldwide supply chain issues. In addition, the company strengthened its board of directors and senior management team with key additions and announcements and announced an advisory board with proven professionals. “We have laid a strong foundation within the Eat Well Group investment platform, and we are very enthusiastic about the trajectory of our portfolio,” said Eat Well Group director, president and CEO Marc Aneed in the press release. “The global plant-based foods market continues to rapidly expand as consumers make healthier decisions for themselves and their families. Our portfolio companies are well-positioned to capture global pulse demand and accelerate the scale of their better-for-you consumer products for years to come.”
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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