Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FSE: 6BC0), a leading plant-based food ingredient and CPG company, today announced that it will prioritize its global agribusiness in order to drive debt reduction, improve profitability and long-term success. The company plans to achieve this through a number of moves that include closing the refinancing initiative, led by the Business Development Bank of Canada, maintaining a 28% ownership stake in PataFoods, Inc. dba Amara Organic Foods, resulting in a reduction of current liabilities by $7.05 million, prioritizing Belle Pulses, Eat Well’s wholly owned and profitable subsidiary, and seeking M&A opportunities in Fractionation, Pulse Processing and global agribusiness. In addition, the company intends to utilize available cash on the balance sheet to invest in Belle Pulses’ Canadian and U.S. operations to optimize efficiency and drive profitability across its three facilities.
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About Eat Well Investment Group Inc.
Eat Well is a pioneering Canadian-based company leading the way in the future of sustainable, plant-based foods. With a rich history spanning nearly 45 years, its subsidiaries have been at the forefront of processing, distributing and marketing premium-quality plant-based foods. Operating with IP-driven facilities across North America, Eat Well distributes to over 35 countries worldwide. With a talented team of over 80 employees, the company takes pride in its products consistently ranking among the top 10 globally. With its family of private label and owned brands, including Sapientia, Amara Organic Foods, Belle Pulses, and Eat Well, the company is dedicated to feeding families worldwide with excellence and innovation. To learn more, join Eat Well’s mailing list for important updates.
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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