EAT WELL INVT GROUP INC - EWGFF STOCK NEWS

Eat Well Investment Group Inc. (CSE: EWG / US: EWGFF) has announced a normal course issuer bid (NCIB) to repurchase up to 7,686,777 common shares, equating to 5% of its total shares outstanding as of June 21, 2022. The NCIB will run from June 27, 2022, to June 26, 2023, with all purchases executed on the CSE at market price. The company believes this initiative will enhance shareholder value and liquidity. The NCIB is managed by Pacific International Securities and aims to benefit remaining shareholders.

Eat Well Investment Group Inc. (EWGFF) reported its Q1 2022 financial results, showing a 8.6% growth in total assets, increasing from $59.6 million to $64.8 million. The company's cash position improved dramatically from $546K to $5.6 million. Belle Pulses, a key portfolio company, achieved a Q1 revenue of $12.8 million, although this marked a 5.8% decline year-over-year due to COVID-19 and supply chain issues. However, it recorded a 9% increase in gross profit, reaching $2.1 million. New CEO Marc Aneed emphasizes growth potential in food production.

Eat Well Investment Group announced its 2021 financial results, showcasing a remarkable increase in total assets by 1,082% to $59,627,414. The portfolio of companies generated combined revenues of C$ 57,936,019 and net earnings of $1,478,420. Notable growth includes Amara Organic Foods with a 320% revenue increase, and a reaffirmed revenue guidance for 2022 of $90,000,000 to $110,000,000. The company is exploring opportunities for a NASDAQ or NYSE listing.

Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) provided an update on the expected timeline for filing its audited annual financial statements for the year ending November 30, 2021. The Company anticipates completing and filing the Required Documents by June 10, 2022, due to additional delays. The management cease trade order (MCTO) remains in effect, preventing the CEO and CFO from trading in Company securities until the Required Documents are filed. As of the release date, no significant changes or defaults were reported.

Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) has provided an update regarding its management cease trade order (MCTO) from the British Columbia Securities Commission. The Company is working to finalize its audited financial statements for the year ended November 30, 2021, aiming to file by May 30, 2022. The MCTO restricts trading by the CEO and CFO until compliance is met but does not affect other shareholders. The Company confirms no material changes or anticipated defaults since its last announcement.

Eat Well Investment Group Inc. (EWG) announces that Amara Organic Foods, a fast-growing baby food brand, is now available on Kroger's eCommerce platforms, including Kroger.com and Vitacost.com. This move enhances Amara's distribution strategy, which already includes major retailers like Amazon and Whole Foods. The infant nutrition market is projected to exceed $109 billion by 2027, positioning Amara to capitalize on this growth. CEO Jessica Sturzenegger emphasizes the importance of increased eCommerce distribution for driving revenue and maximizing margins.

Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) has engaged Independent Trading Group (ITG) to provide market-making services to enhance liquidity and maintain a reasonable market for its shares. The agreement is set for three months with a monthly compensation of CAD$6,500. ITG, an unaffiliated entity, will not receive shares or options as payment. Eat Well focuses on high-growth companies in agribusiness and food tech sectors, leveraging over 25 years of management experience to generate superior risk-adjusted returns.

Eat Well Investment Group Inc. (CSE: EWG, US: EWGFF) announced a delay in filing its audited annual financial statements for the fiscal year ending November 30, 2021, previously set for March 31, 2022, citing complex IFRS accounting issues. The company expects to file the Required Documents by May 30, 2022. The management cease trade order (MCTO) restricts trading by its CEO and CFO but does not impact other shareholders. The company continues to issue bi-weekly default status reports as per NP 12-203 guidelines, confirming no material changes since the last announcement on March 31, 2021.