Eat Well Investment Group Inc. Provides Update on Audit Timing and 2021 Year-End Financial Statements


Vancouver, British Columbia–(BUSINESS WIRE)–Eat Well Investment Group Inc. (CSE: GTE) (United States: EWGFF) (FSE: 6BC0) (“Eat well“or the”Company“”Required documents”) and its management cease trade order (“MCTO”) issued by the principal regulator of the Company, the British Columbia Securities Commission (the “BCSC”, on March 31, 2022.

While the Company and its auditors continue to work diligently to file the required documents as they become available, some additional delays have occurred due to the processing of certain complex IFRS accounting matters. The Company currently expects to be able to complete and file the required documents no later than May 30, 2022.

As previously announced, pursuant to the MCTO, the Company’s Chief Executive Officer and Chief Financial Officer may not trade in Company securities until the Company has filed required documents and the BCSC has revoked the MCTO. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

The Company provides default status reports every two weeks in accordance with National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). Until the Company files the required documents and the OCTM has been revoked, the Company intends to follow the provisions of the alternative disclosure guidelines set forth in NP 12-203, including the publication of default status reports every two weeks in the form of press releases.

In accordance with the provisions of the guidelines on alternative information specified in Instruction NP 12-203, the Company confirms that as of the date of this press release: (a) there have been no material changes in the information contained in the default announcement published on 31, 2021 (the “Default Announcement”) which could reasonably be expected to be material to an investor; (b) there has been no breach by the Company of its stated intentions with respect to compliance with the provisions of the alternative reporting guidelines under the IG 12-203; (c) there has not been, and is not intended to be, any defect specified after the defect which is the subject of the Notice of Defect; and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

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About eating well

Eat Well is a publicly traded investment firm focusing primarily on high growth companies in the agribusiness, food tech, plant and ESG (environment, social and governance) sectors. Eat Well’s management team has extensive experience in finding, funding and building successful businesses across a wide range of industries and maintains a current investment mandate on the health and wellness industry. welfare. The team has funded and invested in early-stage venture capital firms for over 25 years, enabling unparalleled access to deal flow and the ability to build a portfolio of opportunistic investments destined to generate superior returns risk adjusted.

Disclaimer for forward-looking statements

This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws (collectively, “forward-looking statements”). Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “shall”, “should”, “could” or “could” occur or be achieved and other similar expressions. These forward-looking statements include, but are not limited to, management’s expectations regarding the expected filing of required documents and the duration of the OCTM. Undue reliance should not be placed on such forward-looking statements. Forward-looking information is based on assumptions which may prove to be incorrect. The Company considers these assumptions to be reasonable under the circumstances. However, forward-looking information is subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those expressed or implied by the forward-looking information. For more information about the Company, its investees and the risks and challenges of their business, investors should consult their annual filings which are available at www.sedar.com.

The Canadian Securities Exchange has neither approved nor disapproved of the information contained in this press release and accepts no responsibility for the adequacy or accuracy of this press release.

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