Sophia (wisdom)

Superlatus Innovates $151 Billion US Snacking Market with Pulse-Based Protein Twists Under the Brave Robot Brand

Retrieved on:

Thursday, August 24, 2023

Brave Robot, Food technology, Snack, University, Brain, HEALTH, Sophia (wisdom), The Smith's Snackfood Company, Federated Co-operatives, School, Student, Growth, BFY, Frito-Lay, Sodium, Soft drink

The Company has unveiled its intent to introduce pulse-based twisted protein snacks through its Brave Robot brand.

Key Points:

The Company has unveiled its intent to introduce pulse-based twisted protein snacks through its Brave Robot brand.
This disruptive innovation leverages the advanced food extrusion technology from Sapientia Technology, LLC ('Sapientia'), a wholly-owned subsidiary of the Company.
The pulse-based twisted protein snack under the Brave Robot portfolio will be well-positioned to solve the problem of empty calories with tasty snacks.
The Company expects to market the Brave Robot snacks in the United States in early 2024.

EAT WELL GROUP CLOSES $24.5 MILLION DEBT REFINANCING LED BY BUSINESS DEVELOPMENT BANK OF CANADA

Retrieved on:

Saturday, July 1, 2023

"We are thrilled to announce the successful completion of our debt refinancing, thanks to the world-class support of the Business Development Bank of Canada and our Private Lender," commented Marc Aneed, President and CEO of Eat Well.

Key Points:

"We are thrilled to announce the successful completion of our debt refinancing, thanks to the world-class support of the Business Development Bank of Canada and our Private Lender," commented Marc Aneed, President and CEO of Eat Well.
"This refinancing represents a major milestone for our Company as it significantly reduces our interest charges and extends the maturity of our debt.
The refinancing transaction results in several benefits for the Company, including:
Reducing Eat Well's interest charges by over $2.1 million per year.
"By successfully restructuring our debt, Eat Well Group has solidified its dedication to sustainable growth and financial stability.

Superlatus, Inc. and TRxADE HEALTH, Inc. Sign Definitive Merger Agreement to Create a Global Strategic Platform for Food and Healthy Snack Marketplace and Distribution

Retrieved on:

Friday, June 30, 2023

Human, Food, Snack, Prestige, HEALTH, Mergers and acquisitions, Acquisition, Pet, Growth, Pharmaceutical industry, Sophia (wisdom)

In addition, MEDS plans to divest its existing operating business and assets shortly after the Merger.

Key Points:

In addition, MEDS plans to divest its existing operating business and assets shortly after the Merger.
The Merger is subject to customary closing conditions including completion of due diligence, delivery of audited financials, approval of a continued listing by Nasdaq and completion of any regulatory approvals.
A related closing condition to the Merger is completion of a valuation report for Superlatus following the acquisition of Sapientia and Prestige reflecting a value of at least $225,000,000.
According to Statista & Grand View Research, the global food and snack market remains dynamic with substantial opportunities for expansion and growth.

EAT WELL GROUP TO SELL SAPIENTIA FOR USD $10 MILLION IN NASDAQ MERGER WITH MEDS & SUPERLATUS FOODS

Retrieved on:

Friday, June 23, 2023

This strategic move marks Eat Well Group's commitment to sharpening its focus and leveraging its global agricultural strategy by divesting non-core assets.

Key Points:

This strategic move marks Eat Well Group's commitment to sharpening its focus and leveraging its global agricultural strategy by divesting non-core assets.
The sale of Sapientia unlocks significant value and positions the Company for exponential growth in collaboration with MEDS and Superlatus Foods.
Marc Aneed, CEO of Eat Well Group, states, "We are very pleased to announce the sale of Sapientia for USD $10 million, allowing us to unlock the value of our IP portfolio and retain a substantial position in the NASDAQ company, MEDS.
As part of the transaction, Superlatus is completing a Merger with TRxADE on the NASDAQ (the "Merger").

Superlatus, Inc. to Combine with TRxADE HEALTH, Inc., to Create a Global Food Consolidation Platform

Retrieved on:

Friday, June 23, 2023

Human, Food, Snack, HEALTH, LOI, Mergers and acquisitions, Acquisition, Pet, Food Tech, Cryptocurrency, Pharmaceutical industry, Sophia (wisdom)

The Merger is subject to customary closing conditions including completion of due diligence, delivery of audited financials, approval of a continued listing by Nasdaq and completion of any regulatory approvals.

Key Points:

The Merger is subject to customary closing conditions including completion of due diligence, delivery of audited financials, approval of a continued listing by Nasdaq and completion of any regulatory approvals.
Other significant closing conditions include the acquisition by Superlatus of Sapientia, Inc. (“Sapientia”), a food tech business led by Dr. Eugenio Bortone, one of the world’s most preeminent food scientists, extrusion processing experts, and inventor of Frito-Lay’s Twisted Cheetos.
Sapientia has created and filed four foundational patents revolving around the “protein curl” and crispy puff style snack.
TRxADE plans to divest its existing operating business and assets shortly after the Merger.

Eat Well Group Reports Record Third Quarter 2022 Profitability Among Its Portfolio Investments and Provides 2023 Guidance

Retrieved on:

Monday, October 31, 2022

Amara (51% owned by Eat Well Group) realized record sales revenue for the three months ended August 31, 2022, up over 147% compared to the same period in 2021.

Key Points:

Amara (51% owned by Eat Well Group) realized record sales revenue for the three months ended August 31, 2022, up over 147% compared to the same period in 2021.
Eat Well Group is pleased to provide an update on its financial guidance, on a combined basis, for 2022 as well as introduce its outlook for 2023.
Calendar year 2022: Eat Well is updating its portfolio companies revenue and now expects guidance in the range of $80MM to C$85MM with Adjusted EBITDA remaining in the $4MM to $5MM range.
We are confident that operational and financial foundations built out in 2022 will serve Eat Well and its investees well into the future.

Eat Well Group Provides Operational Update, Forecasts 2022 Profitability of Combined Companies

Retrieved on:

Thursday, September 22, 2022

The Company will provide 2023 forecasts when it files its Q3 interim financial statements expected on or before October 31, 2022.

Key Points:

The Company will provide 2023 forecasts when it files its Q3 interim financial statements expected on or before October 31, 2022.
After reporting record revenue and profitability in Q2, 2022, Belle Pulses is experiencing continued healthy demand for its products and services.
Eat Well will provide full calendar 2022 revenue for Amaras year ended December 31, 2022, in its upcoming financial statement filings.
Eat Well continues to work with its primary lender and expects to have an announcement out prior to October 31, 2022.

Eat Well Group Reports Second Quarter 2022 Financial Results, Including Record Revenue and Profitability for Portfolio Company

Retrieved on:

Tuesday, August 2, 2022

The team delivered record revenue and record gross profit as they fulfill their mission to feed families globally, while our CPG investments continue to scale rapidly across channels.

Key Points:

The team delivered record revenue and record gross profit as they fulfill their mission to feed families globally, while our CPG investments continue to scale rapidly across channels.
I am confident we are on the right path, and the market will appreciate how robust EWGs portfolio companies are becoming, commented Marc Aneed, the Companys President & CEO.
Real food, right now, is what the world needs, and thats what Eat Wells portfolio companies are supplying every week, continued Aneed.
Eat Well Group is a publicly traded investment Company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and ESG (Environmental, Social and Governance) sectors.

Eat Well Group Completes Final Sapientia Payment, Secures 100% Ownership

Retrieved on:

Monday, July 11, 2022

Eat Well Investment Group Inc. (the Company or Eat Well Group or EWG) (CN:EWG) (US:EWGFF) (FRA:6BC0) is pleased to announce it has completed its final payment of USD$840,000 to Sapientia Technology, LLC (Sapientia) satisfying all outstanding payment obligations in connection with the acquisition of Sapientia that closed on July 31, 2021.

Key Points:

Eat Well Investment Group Inc. (the Company or Eat Well Group or EWG) (CN:EWG) (US:EWGFF) (FRA:6BC0) is pleased to announce it has completed its final payment of USD$840,000 to Sapientia Technology, LLC (Sapientia) satisfying all outstanding payment obligations in connection with the acquisition of Sapientia that closed on July 31, 2021.
Sapientia has created and filed four foundational patents revolving around the Protein Twist and crispy puff style snack.
Additionally, we look forward to more innovation between Sapientia and Eat Wells other portfolio investments at Belle Pulses and Amara," continued Aneed.
Sapientia is the result of 35 years of research and development, including significant capital investment, countless plant-based foods innovations, and over USD $8,000,000 invested by Eat Well Group to date.

Eat Well Group Reports First Quarter 2022 Financial Results

Retrieved on:

Friday, June 17, 2022

Eat Well Investment Group Inc., (the Company or Eat Well Group) (CN:EWG) (US:EWGFF) (FRA:6BC0), a publicly-traded Investment Company, is pleased to announce its first quarter 2022 financial results.

Key Points:

Eat Well Investment Group Inc., (the Company or Eat Well Group) (CN:EWG) (US:EWGFF) (FRA:6BC0), a publicly-traded Investment Company, is pleased to announce its first quarter 2022 financial results.
To learn more, join Eat Well Groups mailing list for important updates.
Eat Well Group is a publicly traded investment Company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and ESG (Environmental, Social and Governance) sectors.
Eat Well Groups management team has an extensive record of sourcing, financing, and building successful companies across a broad range of industries and maintains a current investment mandate on the health/wellness industry.