Eat Well Group Plans Listing on the Major US Stock Exchange – vegconomist

Investment company in agri-food Eat Well Group has revealed that it is investigating the possibility of a public listing in the US. The company is already listed on the Canadian Stock Exchange.

To explore US listing options, Eat Well’s board of directors has engaged investment bank Roth Capital Partners. The scheduled offering will be at a major trade show, though Eat Well has yet to confirm which one.

Vegetable investments

Eat Well invests in fast-growing agribusiness, foodtech, plant and ESG companies. The company’s plant investments have been particularly strong this year and are expected to reach revenues of more than CAD$60 million by 2021. For next year, the target is CAD $90-$110 million in revenue.

Eat Well recently acquired a majority stake in Amara, a producer of plant-based baby food. The investment company has issued 2,047,299 Series A Preferred Shares in Amara’s capital in exchange for a subscription price of USD$11,600,000, representing a 51% equity interest in Amara. Eat Well is also wholly owned by Sapientia, a brand of plant-based snacks, and pulse processor Belle Pulses.

“Eat Well Group’s plant-based food investments have created one of the few vertically integrated platforms in the plant-based food industry, and we want to capitalize on the momentum and opportunities we have in our business,” said Marc Aneed, president of the company. business. “We have always been focused on increasing shareholder value and believe that listing on a major US exchange will help broaden our shareholder base for institutional investors. We expect both Roth’s experience in the health and wellness sector and their relationships with institutional investors in the US and abroad will help us accelerate our timing.”