- Eat Well Investment Group Inc. is a plant-based foods investment company with three primary subsidiaries based in natural alternatives to meat-based proteins
- Eat Well’s subsidiary Belle Pulses has demonstrated particularly importance amid growing global food insecurity, supplying its pea-based products to 35 nations
- The company’s FoodTech subsidiary, Sapientia, is working to become a plant-based leader in the snack market, launching its first products under a white label division in December
- Eat Well’s Amara Organic Foods subsidiary is a distributor of plant-based foods for babies and young children, marketing its products through Kroger, Walmart, Amazon, H-E-B and other retailers
Following Russia’s major escalation of its war against Ukraine in February, food insecurity concerns became a growing focus of governmental policy makers who tried to forecast the disruption of the international agricultural supply chain rooted in Ukraine’s and Russia’s fertile economies.
The security of the food supply chain continues to generate global worries almost half a year later as the war drags on, displacing nearly 10 million Ukrainians and killing scores of Russians and Ukrainians in the combat zones.
Already, the refugee crisis is the largest for Europe since the world wars a century ago, and ranks among the largest refugee crises worldwide (https://ibn.fm/dB4Si). And the impact is being felt abroad within nations accustomed to receiving agricultural products from the breadbasket region.
In July, as financial leaders from various nations gathered at the latest Group of 20 meeting set in Bali, Senegalese Minister of Economy Amadou Hott pointed to Middle East and African ties to the war-battered region and the exacerbating impact of inflationary prices and disruptions connected to the worldwide COVID pandemic, stating that “we’ll have more casualties than during Covid times” as a result of the supply crisis if a ready solution is not found (https://ibn.fm/prSCR).
Plant-based foods investment company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) is working to supply a number of climate-friendly food options to consumers from its base of operations in Canada. New CFO Patrick Dunn cited the ability of plant-based foods, agribusiness and food technology to drive improvements in global food security when his appointment was announced July 12 (https://ibn.fm/pxtHs).
“(Subsidiary plant-based ingredients processor Belle Pulses) in particular is our food security play today globally,” President & CEO Marc Aneed said during a recent video media interview (https://ibn.fm/eK1Eh). “Distributed in 35 countries and now more critical than ever because pulses are made in three places in the world — Ukraine, Saskatchewan and China, and unfortunately the Ukraine has become challenged. So Belle is fielding calls from around the world.”
In the early years of Belle Pulses’ 40-year history, most of the company’s pulses were exported from Canada to developing countries — primarily in Africa and South America, stated Aneed in another recent interview (https://ibn.fm/JFnDx). In more recent years, pulses’ capacity to deliver inexpensive protein in the form of peas that can be used in noodles and high-protein pastas, ice creams, non-dairy milk, plant-based meats, soups, sauces, crackers, nutrition bars and other baked goods, have made them popular not only in developing countries but in other nations as well.
Eat Well’s last year-end fiscal report and management analysis (https://ibn.fm/f0cLS) indicated several of Belle Pulses’ major customers increased orders for plant-based foods, for both human and pet consumption, heading into 2022.
The company indicated it anticipates entering into new contracts, “including the expansion of its direct supplier relationship with General Mills for a variety of end consumer products featuring pulse proteins, and the expansion of the Ingredion strategic partnership.” Both General Mills and Ingredion are NYSE Fortune 500 companies.
Eat Well’s other 100 percent-owned subsidiary is Sapientia (Led by previous Frito-Lay executives), which has remained committed to becoming an industry leader in the plant-based snack market since its launch in 2016. The company developed a breakthrough in fried vs. baked extrusion technology processing, creating a proprietary trade secret for producing the textural attributes of a fried product with high nutritional value and without frying.
Sapientia launched its first product, a white-labeled protein twist, to 350 Federated Co-op stores in western Canada in December, and the product promptly was awarded finalist status in the 29th annual Canadian Grand Prix New Product Awards in April.
Eat Well also has a significant ownership stake in food technology company Amara, which has a proprietary IP for making plant-based, convenient foods for babies and young children. Eat Well’s distribution agreements with companies such as Walmart, Whole Foods, Sprouts Farmer’s Market, Loblaws, Amazon and HEB Grocery Company (H-E-B) have helped it to expand its consumer base and name recognition.
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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