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Eat Well Group (CSE:EWG) reports Q1 2022 results

Consumer, Sponsored, The Watchlist
CSE:EWG
21 June 2022 15:30 (EDT)

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Eat Well Investment Group (EWG) has announced its first-quarter 2022 financial results.

The company grew its assets 8.6 per cent for the quarter from $59,627,414 to $64,769,938 as of February 28, 2022.

The company’s cash position improved from $545,976 to $5,552,018.

Eat Well Group closed a $5,100,000 private placement in December 2021 and a $5,018,000 strategic investment from Nurture Healthy Food LLP in February 2022.

Eat Well’s President & CEO Marc Aneed sat down with Sabrina Cuthbert to highlight the results and discuss the company’s outlook going forward.

“At a time when global/ macro trends have placed a tremendous importance on food production and alternative protein supply, our investments are not only proving to be timely but are contributors to global food security solutions. With the majority of transaction costs behind us, we can now focus on attracting significant new capital partners, refinancing debt, and helping scale our portfolio companies.”

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$0.21 per share.

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