- Eat Well Investment Group Inc. is an investor and rapidly growing producer of nutritious plant-based foods
- Eat Well recently announced that its Belle Pulses subsidiary is increasing its legumes-based protein output capacity in response to global concerns about the food supply chain in the wake of the COVID pandemic and Russia’s war on Ukraine
- Russia and Ukraine are some of the world’s largest exporters of peas, as well as other consumer products whose commerce is threatened by the war’s devastation as well as the international community’s economic sanctions on Russia
- Another Eat Well subsidiary, Amara Organic Foods, recently announced it is increasing its baby food brand distribution through agreements with Sobeys and IGA national retail stores
The rising price of gasoline has drawn a great deal of attention from consumers as world events prompt inflation in key lifestyle sectors (https://ibn.fm/Inlqk), but disruptions to the global food supply chain as a result of these events have the potential to inflict a much greater harm on consumers’ lifestyles.
Companies like Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) are taking an aggressive approach toward dealing with food supply chain concerns that have arisen in the wake of the COVID-19 pandemic’s years-long battering on global economies, followed by the devastation of a region known as the world’s breadbasket during Russia’s ongoing war against Ukraine (https://ibn.fm/2AF6a).
The economic sanctions imposed on Russia’s international commerce as a result of the war has further hampered the global supply of products used in agricultural labor, as well as the fruits of agriculture that so many people are used to enjoying (https://ibn.fm/OUmxk).
Eat Well Investment Group is stepping up its production of pulse-sourced protein (proteins from plants in a variety of legume families) to help meet the sudden demand for foods that can no longer be obtained from Russia and Ukraine.
The company reported April 1 that it produced 90,000 metric tons (tonnes) of proteins from legumes such as peas, chickpeas, lentils and beans during 2021, and is taking steps to increase annual protein production capacity to nearly 100,000 metric tons at its subsidiary Belle Pulses’ flagship plant in Saskatchewan while also increasing annual production at a plant in the United States to 15,000 tonnes.
It’s a fraction of the 1 million tonnes of peas Russia exports annually as well as the approximately 500,000 tonnes of peas exported by Ukraine each year.
“It has always been our investment thesis that the globe will shift to more sustainable and environmentally friendly proteins. The next 24 months will be crucial for international food security as one of the world’s largest producers of fertilizer, agricultural crops and pulses is effectively closed off from the rest of the world,” Eat Well Group CEO and Director Marc Aneed stated (https://ibn.fm/e9XLX).
“Belle is receiving increased recognition from international customers looking to secure quality, safe and reliable proteins at scale,” Eat Well Group Chief Investment Officer Mark Coles added. “Belle has emerged as a pivotal player in global pulse protein production and continues to draw significant interest in its products.”
Belle Pulses is 100 percent owned by Eat Well Group and supplies customers in over 35 countries with its products. Another of Eat Well’s subsidiaries, Amara Organic Foods, has also increased the availability of its fast-growing baby food brands — adding distribution through select stores under the Sobeys and IGA national retail chains across Canada.
“Sobeys and IGA stores (are) some of North America’s most well-known and established grocery retailers,” Aneed stated in the company’s news release (https://ibn.fm/4dyeX). “The demand for plant-based infant nutrition continues to be strong as we accelerate growth across Eat Well Group’s CPG sector. We congratulate the Amara team for ongoing success.”
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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