Eat Well Group Announces Expansion of Amara Organic Food Distribution to Walmart.com and Walmart Canada
Vancouver, British Columbia–(BUSINESS WIRE)–Eat Well Investment Group Inc. (the “Society” Where “Eat Well Group” or “EWG”) (CN:EWG) (US:EWGFF) (FRA:6BC0) is pleased to announce that its majority-owned holding company, Amara Organic Foods (“Amara”), one of America’s fastest growing baby food brands, is now available nationwide at through Walmart Canada and on Walmart’s extensive e-commerce platform, Walmart.com.
Walmart Canada was established in 1994 and is one of Canada’s largest employers, with over 400 locations1 form an ocean to another. According to a recent industry report, Walmart’s e-commerce business is worth approximately US$75 billion for 2021, growing about five times faster than Amazon in e-commerce.2.
“Science shows that what you eat when you are young has a direct impact on how you feel, think and perform later in life. At Amara, we believe in providing nutrient dense meals and snacks at an affordable price for every family. We are thrilled to partner with Walmart in stores and online to continue to bring the highest quality products to everyone,” said Jessica Sturzenegger, Founder and CEO of Amara.
National distribution to Walmart locations across Canada adds to Amara’s strong retail footprint with distribution to many of North America’s leading big box retailers including: Whole Foods, Sprouts Farmer’s Market, Loblaws and more. Amara is focused on developing a mix of natural and traditional big-box retailers to become a family brand for every family. With strong demand in natural and conventional channels, Amara continues to accelerate its omnichannel sales distribution strategy and strengthen its e-commerce platform.
“We are very pleased to see the accelerated distribution of our leading consumer brand portfolio company, Amara, into one of the largest consumer online marketplaces in the world, in addition to physical Walmart locations across Canada” , said Marc Aneed, director. and CEO of Eat Well Group. Eat Well Group continues to drive tangible growth through its investments in industry-leading plant-based food companies,” Aneed continued.
Eat Well Group management believe Amara’s growth can be attributed to the global trend of consumers seeking plant-based, nutritious foods to add to their daily lifestyle, and toddler snacks and Amara’s baby food is 100% organic with great taste. The Infant Nutrition Market is Expected to Reach Over $109 Billion Globally by 20273, and Amara is well on its way to becoming a leader in the herbal segment.
For 15% off and free delivery on Amara products valid through January 31, 2022, visit www.amaraorganicfoods.com and enter code: TASTETHEDIFFERENCE15
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ABOUT THE EAT WELL GROUP
Eat Well Group is a publicly traded investment firm focusing primarily on high growth companies in the agribusiness, food tech, plant and ESG (environment, social and governance) sectors. Eat Well Group’s management team has extensive experience in finding, funding and building successful businesses across a wide range of industries and maintains a current investment mandate on the healthcare industry and well-being. The team has funded and invested in early-stage venture capital firms for over 25 years, giving them unprecedented access to deal flow and building a portfolio of opportunistic investments designed to generate returns risk-adjusted superiors.
Disclaimer for forward-looking statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities laws (collectively, “forward-looking information”). Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “shall”, “should”, “could” or “could” occur or be achieved and other similar expressions. Forward-looking information contained in this press release includes the growth of the infant nutrition market and expected future business developments for the companies in which Eat Well Group invests. Forward-looking information is based on assumptions which may prove to be incorrect, including, but not limited to, a continued increase in demand in the infant nutrition market and Amara’s ability to meet such increased demand. and otherwise execute its business plan. The Company considers these assumptions to be reasonable under the circumstances. However, forward-looking information is subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those expressed or implied by the forward-looking information. These risks include, but are not limited to: the inability to negotiate and execute additional investments in target industries; the Company’s ability to make investments in a timely manner or at all; receipt of required approvals to make additional investments; the Company’s ability to realize expected benefits and synergies from investments; unexpected disruptions to the operations and activities of the Company and the Beneficiary Entities as a result of the global COVID-19 pandemic or other epidemics, including a resurgence of COVID-19 cases; the Company’s ability to comply with applicable government regulations in a regulated industry; any change in accounting practices or treatment affecting the consolidation of financial results adverse market conditions; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; input costs; bad harvests; litigation; currency fluctuations; competetion; availability of capital and financing on acceptable terms; industry consolidation; loss of officers and/or key employees; and other risks detailed herein and from time to time in documents filed by the Company with securities regulatory authorities. For more information about the Company and the risks and challenges of its business, investors should consult its annual filings which are available at www.sedar.com.
The Canadian Securities Exchange has neither approved nor disapproved of the information contained in this press release and accepts no responsibility for the adequacy or accuracy of this press release.
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1 https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/
2 https://www.forbes.com/sites/richardkestenbaum/2021/10/20/walmart-is-gaining-on-amazon-in-e-commerce/?sh=748d3559653c
3 https://www.globenewswire.com/en/news-release/2021/05/26/2236117/0/en/Global-infant-nutrition-market-size-to-register-10-6-CAGR-by- 2027.html
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