- Nutritious plant-based food producer for people and pets Eat Well Investment Group Inc. is rapidly growing, reporting nearly $60 million in revenue in Canadian dollars last year
- The company essentially formed last year, but has been decades in the making, permitting it a newcomer position but with an experienced leadership
- CEO Marc Aneed appeared recently on The Bell2Bell Podcast to promote the company’s potential, explain its purpose and discuss some of the things the company has accomplished in recent months
- Eat Well Group expects to maintain a hyper-growth rate, aiming to achieve between $90 million and $110 million in top-line revenues and a major U.S. exchange listing by year’s end
Vertically integrated plant-based foods company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF), continues to build on acquisitions within the past few months to solidify its position as a producer of nutritious foods with end-to-end supply chain linkage.
“We’re one of the forerunners, we would say, today in solving the critical gap in the chain of plant-based foods,” Eat Well Group CEO, President and Director Marc Aneed stated in a recent interview with The Bell2Bell Podcast (https://ibn.fm/aZhCr).
“Eat Well Group is actually a company that’s very, very young. We just formed in ascension this past August though it’s been decades in the making, and what it is is a plant-based foods platform company,” Aneed added. “So with a collection of astute, strategic investments … we’ve created a vertically integrated model whereby we have plant-based proteins that we process close to the farm gate, we have a food tech division that creates next generation foods and we actually have a branded business called Amara which has plant-based infant nutrition-type products like baby cereals and toddler snacks. That’s what we have developed over the last six months … though we’ve had decades of experience across our leadership team and some of our business is more mature.”
Aneed’s background in the consumer-packaged goods industry includes years of leadership in “iconic American brands” such as Quaker Oats and Gatorade, as well as work in product categories ranging from household storage to sports nutrition.
“Across (my) career, I’ve been fortunate to have launched dozens of new items, bought two different businesses with a total value of about $350 million and been a part of $1 billion of cumulative growth,” Aneed said in describing his own well of experience to draw on as Eat Well Group continues to grow, as well as the achievements of other members of the company’s leadership team.
The company achieved nearly $60 million in revenue in Canadian dollars in 2021 despite the challenges of COVID, supply chain clogs and the relative newness of the platform. Aneed anticipates Eat Well Group continuing at a hyper-growth rate in years to come in delivering healthy people and pet foods.
“From a total standpoint of the company growth, we’re looking at anywhere from $90 (million) to $110 million of total top-line across our total businesses (during the coming year). This is a significant double-digit growth rate today,” Aneed told Bell2Bell.
He noted a particular demand for pleasing snacks that are nutritious as well.
“All these (vertical) linkages are the final and very compelling piece that makes Eat Well Group a broad-scale investment because you’re exposed to people and pet foods, snacks, processing, a baby market which is not over-exposed to those plant-based foods like plant-based milks, and an opportunity to continue to globalize,” Aneed said.
Among the company’s channels for growth, Eat Well Group aims to broaden its market presence this year, evaluating opportunities for major U.S. exchange listings beyond the OTC and Canadian Stock Exchange presence it has currently. The company reports it has a broad range of customers in over 35 countries.
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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