- Eat Well Investment Group Inc. is a rapid-growth supplier of nutritious, plant-based food products for people and pets
- Amid large disruptions to global food security occasioned by the COVID-19 pandemic and war in Ukraine, Eat Well is working to overcome supply chain obstacles to further its mission of supplying the world with nutritious, life-enhancing food
- The company formed last year but its leadership has a broad depth of experience and its three major acquisitions sold over 26,000 tons of pure plant-based protein to over 35 countries worldwide during the first year of the pandemic
- In a March 8 shareholder update letter, CEO Marc Aneed said 2021 financials are forthcoming and are expected to confirm forecasts of about $60 million in revenues with bottom-line profitability and continued growth for 2022
- Statista analysts predict the plant-based foods market will more than double by 2030 from expected revenue generation of $44.2 billion this year
The Russia-Ukraine war is raising warning flags about global food security that was already stressed by the ongoing COVID-19 pandemic and other factors that preceded it. Russia is the world’s largest exporter of wheat and Ukraine is the world’s fifth-largest, and the conflict in the world’s breadbasket has disrupted almost a third of the world’s wheat market, according to data reporting by Sky News (https://ibn.fm/lOI0X).
Vertically integrated plant-based foods company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) is a new and growing company strengthening its end-to-end supply chain production of nutritious foods through strategic acquisitions, working to overcome global forces such as the war in Ukraine in its efforts to transform entire industries such as meat and dairy with nutrition-focused operations.
“The world is witnessing one of the worst global supply chains in history. Getting products in containers on planes, trains, and ships to meet the demand remains a formidable task; however, I have the utmost confidence in our teams and partners. … We continue to deploy the utmost of business pragmatism and creative thinking to overcome supply chain disruptions presented by Covid-19, weather, and now the Russia-Ukraine conflict,” CEO and Director Marc Aneed told shareholders in a business update letter published March 8 (https://ibn.fm/pHvJs).
“Though we are only eight months old, we’ve been 40 years in the making with a deep repertoire and history of winning,” Aneed continued. “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.”
His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud of Saudi Arabia, a pioneer in plant-based food investing who joined Eat Well Investment Group as an advisor last year, noted that during the initial year of the COVID pandemic Eat Well’s portfolio companies sold over 26,000 tons of pure plant-based protein to over 35 countries worldwide, not only helping to sustain improvements in nutrition and strengthen food security but also providing noteworthy benefits to the environment through methane reduction (https://ibn.fm/Hx1tV).
“We believe food plays a central role in all human societies and is a key determinant of our overall well-being. Food and agricultural infrastructure are the cornerstones of all cultures, and we want to celebrate and grow Canada’s rich heritage and capabilities to feed people on a global scale,” the company’s mission statement adds (https://ibn.fm/YXpgL).
More than 35 percent of the world’s supply of pulse proteins originates in Canada and the plant-based foods market is expected to more than double by 2030, according to analysts at Statista, who reported the emerging sector should deliver revenues of $44.2 billion this year and $77.8 billion in 2025 prior to the escalation of the Ukraine war (https://ibn.fm/rsVOF).
In 2021, Eat Well acquired plant-based ingredients processor Belle Pulses, plant-based food creator Sapientia and affordable baby and children’s food company Amara, plus added an OTC listing in the United States to its Canadian Stock Exchange trades.
“While we successfully executed three major investments within a short time in 2021, we will be making further selective investments to expand each of our portfolio companies’ business reach and adding team members to bolster our functional experience in critical areas,” Aneed stated in the shareholder update. “While our 2021 year-end financials will be out shortly, we maintain our guidance in the forecasted range for our investments at [about] $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.”
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://ibn.fm/EWGFF
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