- Eat Well Group released a shareholder update letter from the company’s CEO and Director, Marc Aneed, on March 8, 2022, detailing the company’s history, the progress it has made so far along with the plans that it has for the new year
- While appearing on an interview on The Power Play by The Market Herald, Mr. Aneed covered the contents of the shareholder letter while also reiterating how optimistic he is for the company’s future
- He noted that, given the company’s investments so far, the company’s 2022 revenue projections now stand at between $90 million and $110 million
On March 8, 2022, Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) announced a shareholder update letter from Marc Aneed, the company’s Chief Executive Officer (“CEO”) and Director. In the letter, Mr. Aneed highlighted the company’s progress over the eight months it has been in operation. More importantly, it shared the company’s plans and how they tie into its mission to invest in companies that feed families globally while honoring time-valued health and wellness traditions (https://ibn.fm/tRvPl).
While appearing on an interview on The Power Play by The Market Herald, Mr. Aneed reiterated the communication on the shareholder update letter, assuring shareholders that the company’s ambitions and long-term growth plans are well aligned, and how the company has managed challenges so far (https://ibn.fm/DzVkX).
Mr. Aneed also touched on Eat Well Group’s recent investments, including Belle Pulses, Sapientia Technology, and Amara Organic foods. In the letter, he noted that, through these investments, the company’s collective addressable markets are north of $200 billion, with every one of these businesses serving as a growth engine. He also estimated that, through this growing list of portfolio companies, Eat Well Group has helped offset over 96,250 metric tonnes of methane from the atmosphere, saving “over 874,000 cows’ lives by producing approximately 1.4 billion plant-based burgers.”
The letter also walked shareholders through the company’s history and its leadership.
“Though we are only eight months old, we’ve been 40 years in the making, with a deep repertoire and history of winning,” Mr. Aneed noted.
“The leadership team behind this endeavor has 150 years of collective experience building and investing in world-class businesses, brands, organizations, and systems within the plant-based foods market. We came together to solve one of the most critical gaps in a sector that, by any measure, will amount to billions of dollars of value, all while improving the health of people and pets around the world,” he added.
Mr. Aneed remains optimistic that the company’s investments will pay off substantially in the future. While the 2021 year-end financials are yet to be released, he noted that Eat Well Group maintains its guidance in the forecasted range of its investments at around $60 million with bottom-line profitability. Additionally, he stated that financial projections for 2022 remain at between $90 million and $110 million in revenue, with gross margins that will “stand the test of time as the teams drive growth in their respective sectors.”
Eat Well Group remains confident about the new year. Its investments so far have paid off and should continue to do so. By pushing the plant-based conversation and combining the best of agribusiness, foodtech, and CPG brands, the company is establishing itself as a leader in its sector. In addition, it is capitalizing on the plant-based food market, projected to be valued at $162 billion by 2030, up from $29.4 billion in 2020.
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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