Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) recently finalized the payment of $840,000, the last installment fulfilling all outstanding obligations toward the acquisition of Sapientia Technology LLC. “According to the company’s management, completing this milestone allows Sapientia to further collaborate with other Eat Well portfolio companies to increase its margins and expand its product lines and flavors. Since its acquisition, Sapientia has remained committed to becoming an industry leader in the snack market. It has created and filed four foundational patents revolving around the ‘Protein Twist’ and crispy puff style snack, capitalizing on the initial success of the protein curls. In addition, the company has also launched a pilot program in Federated Co-op western Canada, evaluated multiple-tiered manufacturing solutions to scale the core product, and refined the business development pipeline for private labeling,” a recent article reads. “Sapientia continues to develop an e-commerce pilot program via Amazon U.S. for the second half of 2022 and plans to increase its store count in the third quarter of this fiscal year. Its management believes that maintaining the current momentum will allow the company to meet new demand while ultimately creating value for its shareholders.”
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About Eat Well Investment Group Inc.
Eat Well Group is a publicly traded investment company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and environmental, social and governance (“ESG”) sectors. Eat Well Group’s 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. The team has financed and invested in early stage venture companies for greater than 25 years, resulting in unparalleled access to deal flow and the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns. For more information about the company, visit www.EatWellGroup.com.
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