Eat Well Group announces new distribution of organic Amara food in Loblaws stores across Canada
Vancouver, British Columbia – (COMMERCIAL THREAD) – 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 Canada at Loblaws Inc. (“Loblaws”) (TSX: L).
Founded in 1919, the Loblaws group of companies has more than 2,400 branches across Canada and is one of the leading grocery and drugstore chains in North America.
“We are incredibly excited to see Amara add another premier distribution point to Loblaws, one of Canada’s best-known and established grocery stores. We can’t wait to see Amara become a household name as he continues to quickly disrupt the legacy of babies and toddlers. food brands, “said Marc Aneed, director and CEO of Eat Well Group.” We expect our revenue from our CPG investments to be approximately 25-35% of our forecast revenue of $ 90-110 million forecast for 2022 ” , Aneed continued.
National distribution to Loblaws locations across Canada adds to Amara’s strong commercial presence with distribution to many of North America’s leading big box retailers including; Whole Foods, Sprouts Farmer’s Market, and more. Amara is focused on accelerating its omnichannel sales distribution strategy and continued growth in health food stores and traditional big box retailers, in addition to e-commerce.
Eat Well Group management believes that Amara’s growth can be attributed to the global trend of consumers seeking nutritious, plant-based foods to add to their daily lifestyles, and delicious snacks for toddlers and children. Amara baby food being 100% organic with excellent taste. Infant Nutrition Market Expected To Reach Over $ 109 Billion Globally By 20271, and Amara is poised to become a leader in the herbal segment.
For 15% off and free shipping on Amara products valid until January 31, 2022, visit www.amaraorganicfoods.com and enter the code: TASTTHEDIFFERENCE15
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ABOUT THE EAT WELL GROUP
Eat Well Group is a publicly traded investment company that primarily focuses on high growth companies in the agribusiness, food technology, plants and ESG (environment, social and governance) sectors. The management team of Eat Well Group has a long history of finding, financing and building successful businesses across a wide range of industries and maintains a current investment mandate in the health and wellness sector. to be. The team has funded and invested in early stage venture capital firms for over 25 years, resulting in unparalleled access to deal flow and the ability to build a portfolio of opportunistic investments intended to generate superior risk-adjusted returns.
Disclaimer Regarding Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws in Canada and the United States (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”, “probable” and ” intend ”and statements that an event or result“ may ”,“ will ”,“ should ”,“ could ”or“ could ”occur or be achieved and other similar expressions. The forward-looking information contained in this press release includes anticipated 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 the ability of the Company or its portfolio companies to execute their business plans. The Company considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to business and economic risks and uncertainties and other factors that could cause actual operating results to differ materially from those expressed or implied in the forward-looking information. These risks include, but are not limited to: the inability to negotiate and execute additional investments in target sectors; the Company’s ability to make investments on time or not at all; receipt of the approvals required to make the additional investments; the Company’s ability to achieve the expected benefits and synergies from the investments; unexpected disruptions to the operations and activities of the Company and issuing entities due to 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 under unfavorable market conditions; the uncertainty inherent in production and cost estimates and the potential for unanticipated costs and expenses; input costs; poor harvests; litigation; currency fluctuations; competetion; availability of capital and financing on acceptable terms; industry consolidation; loss of management 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 facing their businesses, investors should consult their annual documents which are available at www.sedar.com.
The Canadian Securities Exchange has neither approved nor disapproved of the information contained in this document and accepts no responsibility for the adequacy or accuracy of this press release.
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