NetworkNewsBreaks – Eat Well Investment Group In
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Posted On: 06/17/2022 3:47:40 PM
NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) Announces Q1 2022 Financial Results
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.”
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 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.”
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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