Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Eat Well Investment Group Inc. has acquired Sapientia – an industry-leading processing and forming technologies company
  • The acquisition was completed by issuing 3,741,969 common shares in the capital of Eat Well and a cash payment of US$6.52 million
  • Eat Well is primarily focused on high-growth companies in the agribusiness, food tech, plant-based, and ESG sectors
  • Eat Well Investment Group Inc. (EWG) is down by 6.98 per cent trading at $0.20 per share as of 3:21 pm EDT.

Eat Well Investment Group (EWG) has satisfied all outstanding payment obligations in connection with the acquisition of Sapientia.

The acquisition of Sapientia included 3,741,969 common shares in the capital of Eat Well Group and a cash payment of US$6.52-million to former Sapientia shareholders

Marc Aneed, Eat Well Group’s President and CEO, commented on the acquisition.

“Sapientia remains laser-focused on growing the initial success of the protein curls in Federated Co-op by launching into new retailers with new flavors, formats, and long-term innovation. Additionally, we look forward to more innovation between Sapientia and Eat Well’s other portfolio investments at Belle Pulses and Amara.”

Led by Dr. Eugenio Bortone – one of the world’s preeminent food scientists and extrusion processing experts, and inventor of Frito-Lay’s Twisted Cheetos – Sapientia has created and filed multiple foundational patents within the multi-billion-dollar global snack space.

Eat Well Investment Group Inc. (EWG) is down 6.98 per cent trading at $0.20 per share as of 3:21 pm EDT.

More From The Market Herald

" The Gummy Project (CSE:GUMY) launch new investor relations website

The Gummy Project (GUMY) is launching its new investor relations website at shopgummies.com/pages/investors.
The Market Herald Video

" Alkaline (NEO:PWWR) to develop fuel cells for off-grid and back-up generator markets

Alkaline Fuel Cell Power (PWWR) is supplementing its 4-kW combined heat and power fuel cell development.
Primo Water Corporation - CEO, Tom Harrington.

" Primo (TSX:PRMW) announces $100M share repurchase

Primo Water Corporation (PRMW) has announced a $100 million share repurchase program and declared a quarterly dividend.

" Playgon (TSXV:DEAL) announces additional milestone

Playgon (DEAL) has announced an additional milestone for the first week of August.