- Through effective leadership, Eat Well Investment Group has established a record of steering in the right direction, sheltering shareholder value and sealing its position as a sector leader in the food industry
- The company recognizes the opportunity present in the plant-based foods market, hence its investment in acquisitions, an accelerated product distribution plan, and the addition of key team members
- Eat Well Investment Group is optimistic about the future and maintains its 2022 revenue projections at $90-$110 million
In a recent business letter, Eat Well Investment Group’s (CSE: EWG) (OTC: EWGFF) Chief Executive Officer (“CEO”), Marc Aneed, acknowledged how the ongoing COVID-19 pandemic, along with the Russia-Ukraine war, had taken a toll on supply chains.
“The world is witnessing one of the worst global supply chains in history,” he noted. “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,” he added (https://ibn.fm/9DRyf). (https://ibn.fm/Z5YtY).
Since its inception in 2020, Eat Well Investment Group has managed to deal with one challenge after another, always coming out on top. This has been evidenced by the company’s uninterrupted expansion moves that have seen the acquisition of Belle Pulses Ltd., Sapientia Technology Inc., and Amara Organic Foods. It is also demonstrated by its accelerated distribution plan that has seen mainstream stores such as Costco, Walmart, and HEB grocery stores stocking its product.
In a study conducted by Bloomberg Intelligence back in August 2021, it was established that the plant-based foods market is projected to experience explosive growth over the coming years. It is estimated that by 2030, this sector will be valued at $162 billion, up from $29.4 billion in 2020. It is further estimated that by 2030, plant-based food will account for 7.7% of the global protein market (https://ibn.fm/XRkm1).
Over the 2022 calendar year, the company seeks to execute significant investments and add key team members to expand its physical presence and bolster its functional experience in critical areas. “While we successfully executed three major acquisitions within a short time in 2021, we will be making further selective investments and acquisitions to expand each of our portfolio companies’ business reach and adding team members to bolster our functional experience in critical areas,” noted Mr. Aneed.
The company’s management is optimistic that it will achieve its short-term goals for the year and set up the foundation to achieve bigger long-term goals as time progresses. The company is already projecting revenues between $90 and $110 million for the 2022 fiscal year after it forecasted approximately $60 million in 2021. We are eagerly anticipating the Company’s financials expected shortly.
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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