- Eat Well Investment Group (EWG) has closed a non-brokered private placement with Nurture Healthy Food LLP for gross proceeds of $5,017,999.50
- Eat Well issued 6,690,666 units at a price of $0.75 per unit
- Each unit consists of one common share and one-half of one common share purchase warrant
- Proceeds of the offerings will be used for M&A and general working capital
- Eat Well has also agreed to sell an interest in portfolio company PataFoods, Inc. to Nurture Healthy Food LLP
- Eat Well Group is an investment company focused on companies in the agribusiness, food tech, plant-based and ESG sectors
- Eat Well Investment Group Inc. (EWG) is down 1.61 per cent on the day, trading at C$0.52 per share at 12:40 pm ET
Eat Well Investment Group (EWG) has closed a non-brokered private placement with Nurture Healthy Food LLP.
Marc Aneed, Chief Executive Officer & Director, Eat Well Group sat down with Shoran Devi to discuss the news.
The company issued 6,690,666 units at a price of $0.75 per unit for gross proceeds of $5,017,999.50. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant can be exercised to acquire an additional share at an exercise price of $1.00 for a period of 36 months after the closing of the offering.
Eat Well has also agreed to sell an interest in portfolio company PataFoods, Inc. to Nurture Healthy Food LLP (NHF).
“Nurture Healthy Food shares our vision in driving forward sustainable and nutritious CPG products and brands that form the basis of the next generation of household names,” Aneed added.
The company intends to use the net proceeds from the placement for M&A and general working capital.
Eat Well Group is an investment company focused on high-growth companies in the agribusiness, food tech, plant-based and ESG (environmental, social and governance) sectors.
Eat Well Investment Group Inc. (EWG) opened trading at C$0.52 per share.