InvestorWire NewsRoom

Article

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Still at the Forefront of the Booming Plant-Based Foods Market
April 19, 2022

Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Still at the Forefront of the Booming Plant-Based Foods Market

  • 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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).