Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) Set to Meet 2022 Revenue Target

 

• In 2021, Eat Well acquired Belle Pulses Ltd. Sapientia Technologies Inc. and a 51% stake at Amara Organic Foods
• These acquisitions saw a 1,082% growth in the company’s assets for the 2021 financial year and a 320% revenue growth for Amara
• With the plant-based foods market projected to be valued at $162 billion by 2030, Eat Well expects to capitalize on this growth through M&As and strategic partnerships with key players in the industry
• Eat Well is confident that with the foundation laid down so far, it is poised to achieve $100 million in revenue for 2022

At the close of the 2021 calendar year, Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) was regarded as “One to Watch.”  This mainly stemmed from its aggressive market expansion plans, vertical integration, and the bolstering of its leadership (https://nnw.fm/vEZnx).

Over the course of the year, Eat Well proved how well its management was at sourcing, financing, and building successful companies. Together, these individuals had financed and invested in early-stage venture companies for over 25 years. The experience would allow Eat Well to acquire Belle Pulses Ltd., 100% of Sapientia Technologies Inc., and 51% shares at Amara Organic Foods. Consequently, the acquisitions would see the addition of revenue channels for Eat Well, setting the company on the road to targeting approximately $100 million in revenue for the 2022 financial year.

On June 10, 2022, Eat Well released its fourth-quarter and full-year financial results for 2021, marking a 1,082% growth in assets from the previous year. Amara would post the highest revenue growth at 320% from 2020, mainly influenced by its “toddler melts” product launch across North American retail. Given its performance, Eat Well’s management expressed its optimism for 2022, citing the growth of the plant-based foods market and how well-positioned its portfolio companies are to take advantage of this growth (https://nnw.fm/MUboq).

“We have laid a strong foundation within the Eat Well Group investment platform, and we are very enthusiastic about the trajectory of our portfolio,” noted Marc Aneed, Eat Well’s Director, President, and Chief Executive Officer (“CEO”).

“Our portfolio companies are well positioned to capture global pulse demand and accelerate the scale of their better-for-you consumer products for years to come,” he added.

It is projected that the plant-based foods market will comprise up to 7.7% of the global protein market by 2030, valued at $162 billion, up from $29.4 billion in 2020. Many analysts have even likened the food tech market to the early days of the internet in that plant-based foods represent a worldwide secular trend of steady growth and potential that will revolutionize how society functions and people experience nutrition.

Through Eat Well’s aggressive yet strategic merger and acquisition (“M&A”) transactions, the company is positioning itself to take advantage of this shift in consumer preference and the growing plant-based industry. As of December 2021, Amara’s revenues had grown by over 400% since the beginning of the year, drawing media coverage from outlets such as TechCrunch and Forbes and highlighting the tremendous potential for growth for Eat Well Investment Group.

Today, Eat Well supplies big companies such as Beyond Meat, Nestle, Ingredion, and General Mills, among others. As time progresses, it looks to strengthen its distribution network and its relationship with strategic partners to create value for its shareholders with its projected $100 million revenue target for 2022.

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://nnw.fm/EWGFF

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NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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New Agreements Signed Between Lexaria Bioscience Corp. (NASDAQ: LEXX) and BevNology LLC; Pre-IND Meeting Request Filed with FDA

 

• The two companies signed a manufacturing operating agreement and a commercial agreement 
• Lexaria sent a pre-IND meeting request letter to the US FDA and plans to file the full IND application in late 2022/early 2023
• The FDA has acknowledged Lexaria’s pre-IND request and responded with conditions prior to the target date of July 30, 2022

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has recently announced signing two agreements with BevNology LLC, the product and development arm of InterContinental Beverage Capital (“IBC”), operating its state-of-the-art lab and manufacturing facility just outside of Atlanta, Georgia. This announcement only furthers Lexaria’s leverage of the market, with the company’s patented DehydraTECH(TM) technology having already been embraced by several consumer packaged goods brands, with availability in over 7,000 stores throughout the United States and Japan, including direct-to-consumer online retail portals (https://nnw.fm/QkzEA). 

The manufacturing operating agreement expands the production capabilities of Lexaria’s growing list of business-to-business clientele interested in purchasing DehydraTECH-powered active ingredients for packaged-goods brands. The new, state-of-the-art processing facility built by BevNology is operational, increasing and broadening production capabilities. This facility is currently serving Lexaria’s corporate clientele, with new equipment specific to DehydraTECH already installed.

The second agreement is a commercial license, empowering BevNology to offer the DehydraTECH products with active ingredients derived from hemp, including cannabidiol (“CBD”), under BevNology and partnered brands. The agreement is non-exclusive for powdered DehydraTECH formulations. For liquid formulations, the non-exclusivity is limited in the United States only, requiring certain minimum fee payments to maintain rights. Lexaria will receive royalties from BevNology for the utilization under this license, with exclusion only affecting Japan, the Republic of Korea, and the People’s Republic of China.

“These agreements build on a long-standing and very successful product development consulting relationship between Lexaria and the expert scientists and personnel at BevNology.” Lexaria CEO Chris Bunka said. “BevNology’s formulation and production capabilities are class leading, and we are confident that our new relationship with our trusted partner will propel new and exciting growth opportunities for both companies.”

In other recent news, Lexaria has filed its pre-IND meeting request letter with the United States Food and Drug Administration (“FDA”) to initiate communication with the FDA regarding Lexaria’s development of the company’s DehydraTECH-CBD for potential hypertension treatment. The FDA has responded to and confirmed the company’s letter, with a target date of July 30, 2022, and disclosed the conditions in which Lexaria must meet prior to the meeting. Lexaria anticipates filing the full IND application in late 2022/early 2023 (https://nnw.fm/7e7px). 

“We are excited to take this important first regulatory step with the FDA for the development of our DehydraTECH-CBD for the treatment of hypertension,” stated John Docherty, President of Lexaria. “Submission of this request letter initiates formal communication with the FDA regarding our IND clinical trial plans in order to help define the critical path for clinical development and marketing approval of our potentially very significant new hypertension therapeutic.”

The hypertension treatment market is valued at approximately $28 billion per year and is expected to grow as one of the world’s top health problems as a subset of a larger heart disease market (https://nnw.fm/AitYQ). There are over 1.1 billion people in the world suffering from hypertension, with fewer than 1 in 4 having successful control over it. The potential market size increases if an affordable drug were available with few or no side effects. Some reports indicate drugs for hypertension and related conditions are among the highest-selling category of drugs in the world (https://nnw.fm/P7mlV).

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://nnw.fm/LEXX

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Odyssey Health, Inc. (ODYY) Taps Military Advisors to Address Target Market for PRV-002 Concussion Drug

 

• Odyssey Health is a medical company focused on developing medical products for conditions with unmet needs, one of which is concussion
• Currently, concussions do not have an FDA-approved treatment
• Soldiers form a significant population of people who frequently experience multiple concussions throughout their career
• Concussion has only recently received greater attention as different parties seek to understand the condition and possible treatments
• Odyssey is at the forefront of this pursuit for treatment and has developed the PRV-002 drug candidate that it intends to use on the military as part of a Phase II clinical trial 
• The company announced the formation of a Military Advisory Board to help in this journey

According to a study by the Business Development Bank of Canada (“BDC”), 86% of businesses with an advisory board say it has had a substantial impact on their operations. In addition, the study showed that companies with an advisory board witnessed 24% higher annual sales and 18% higher productivity than businesses without one (https://nnw.fm/Dsi6P).

Looking to tap into these favorable statistics as well as to better understand one of its important target markets, the military, Odyssey Health (OTC: ODYY), a medical company focused on unique, life-saving medical products that offer clinical advantages to conditions with unmet needs, announced the formation of a Military Advisory Board (https://nnw.fm/Iv4Jb).

The board, which comprises associated military contacts (retired members of the U.S. armed forces who previously held leadership positions), was formed to gain experience and information that will provide crucial insights into traumatic brain injuries (“TBI”) and their effects on those who sustain TBI. 

“TBI in general, and mild TBI in particular, is considered a ‘silent epidemic’ because many of the acute and enduring alterations in cognitive, motor, and somatosensory functions may not be readily apparent to external observers,” an article published in the National Institutes of Health (“NIH”)’s National Library of Medicine website reads (https://nnw.fm/unCm8). The article goes on to note that approximately 80% of all TBI cases are categorized as mild (“mTBI”). Still, these approximations are considered underestimates “because they do not account for incidents of TBI in which the person does not seek medical care.”

Concussions are frequent in contact sports, with soldiers making up another significant proportion of people who frequently sustain these injuries multiple times over their careers. Latest statistics show that over 430,000 U.S. service members were diagnosed with a TBI from 2000 to 2020 (https://nnw.fm/7mXbQ), with 75-83% of these cases having been categorized as mild (“mTBI”) (https://nnw.fm/nabGZ). In addition, one analysis notes that one in six soldiers returning from deployment in Iraq met the criteria for concussion. 

For a long time, however, concussions did not receive the necessary urgency and attention to understand the underlying mechanisms of mild brain trauma and device potential therapeutic interventions. In fact, a New York Times article notes, many soldiers used to shrug off ailments that began following blasts – headaches, dizzy spells, numbness in their arms, dehydration, fatigue, and persistent ringing in their ears – only to later develop even more severe symptoms a few years after the explosions (https://nnw.fm/5fXdb). But Odyssey is now spearheading efforts to understand the condition and develop treatments for concussion, which until now, does not have an FDA-approved drug. 

Odyssey is developing the PRV-002, a novel compound for the treatment of concussion. The drug is currently undergoing evaluations as part of a Phase I clinical trial. Upon completing the Phase 1 trial, presenting its findings to the FDA for review, and after receiving positive feedback, Odyssey intends to initiate a Phase II clinical trial in the U.S., starting with the military. This is where the Military Advisory Board will play a crucial role.

The board comprises Major General USA (r) and Former Chief of Staff USSOCOM James Linder, Commanding General U.S. Army Special Operations Command (r) Francis Beaudette, Lieutenant Colonel (r) Paul Toolan, and Vice Admiral (r) Timothy Szymanski, leaders who understand firsthand the consequences of TBI on the battlefield as well as its impacts on retired and separated service members. They equally recognize the role leaders at all levels have to play to protect the comprehensive brain health of their soldiers and the underlying need to passionately and aggressively pursue treatment. 

“Too many service members and veterans are suffering from post-concussive events, while their families are suffering as they watch and provide care. There remains an urgent need for a concussion treatment at the point of injury that immediately treats the initial injury, speeds recovery, and potentially diminishes its long-term effects. We are obligated to pursue treatments that improve a service member’s, and their families’, well-being through their service commitment and beyond,” commented Vice Admiral (r) Timothy Szymanski (https://nnw.fm/HUUR9).

For more information, visit the company’s website at https://odysseygi.com/. 

NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://nnw.fm/ODYY

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Home Bistro Inc. (HBIS) Sees Triple-Digit Revenue Growth, Success in Meal-Delivery Platform

 

• The company’s latest financial report shows a record revenue increase of 127%
• Company anticipates continued record top-line growth
• HBIS is making significant strides in efforts to increase its gross profit margin, decrease operating expenses to close the gap to profitability; positive earnings are expected in 2023

The market for online meal delivery is booming, as evidenced by triple-digit revenue growth reported by Home Bistro (OTC: HBIS), a leading online meal-delivery platform that offers exclusive celebrity chef-inspired, gourmet and lifestyle ready-made meals. The company’s latest financial report shows a record revenue increase of 127% over the same period the year before (https://nnw.fm/0XNPF). 

 “With more chefs coming online earlier this fiscal year, we are continuing to see record top line growth,” stated Home Bistro CEO Zalmi Duchman. “As I have previously stated, our goal is to continue growing our revenue at a significant rate while eyeing profitability by 2023. To this end, over the past few months we have been taking significant steps to increase our profit margin and considerably decrease our general and administrative expenses.”

HBIS released Q2 2022 financial information for the quarter ended April 30, 2022, including revenue highlights and an update on the company’s focus on strategic financial management. The report shows that product sales for the quarter increased 127% to $743,263, compared to revenues of $328,024 for the same period in 2021. The company noted that the increase was linked to its integration of the Model Meals brand along with consistent product sales from celebrity chefs Cat Cora and Daina Falk and the launch of Claudia Sandoval and Richard Blais.

The company has also made significant efforts to control operating expenses and net loss. “In order to accomplish this, we have undertaken multiple initiatives,” said Duchman. “First, we have significantly reduced minimum guaranteed royalty payments to new celebrity chefs, and older, more costly guaranteed deals will begin to expire in 2023.” The company anticipates adding three more celebrity chefs and two add-on partnership offerings in the coming weeks. 

In addition, Duchman noted that the company is taking steps to reduce its product costs and retail prices, which will have a positive net effect on gross margin. Finally, “our recently announced collaboration with public relations firm Alab Group should benefit us by offsetting more expensive online advertising costs with a less costly but equally, if not more effective, influencer-based strategy,” he said.

“We have grown as a publicly traded company over the past several years, and as we continue to work toward a potential Nasdaq uplisting, we will be significantly less reliant on costly external consultants and other professional service providers,” he continued. “Lastly, having just launched our subscription-based Model Meals program, we believe we can experience a much smoother path to a recurring revenue model, which we also plan to introduce for our Home Bistro and celebrity-chef brands in the near future.”

Home Bistro is a leading online platform that provides for the creation, production and distribution of direct-to-consumer, heat-to-eat, celebrity-chef-inspired gourmet meals. Current HBIS offerings ceom from Iron Chef Cat Cora, Ayesha Curry, Hungry Fan Chef Daina Falk, Master Chef Claudia Sandoval, Top-Chef All-Star Richard Blais, and celebrity pastry and dessert chef Melanie Moss; celebrity chefs Roblé Ali and Priyanka Naik are set to add their selections soon.

Home Bistro’s Model Meals lifestyle brand is a Whole30 and Paleo approved, ready-to-eat, meal-prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the highest-quality ingredients available, sourced responsibly and locally, and delivered in sustainable, ecofriendly packaging.

For more information, visit the company’s website at www.HomeBistro.com.

NOTE TO INVESTORS: The latest news and updates relating to HBIS are available in the company’s newsroom at https://nnw.fm/HBIS

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Sycamore Entertainment Group Inc. (SEGI) Is ‘One to Watch’Sycamore Entertainment Group Inc. (SEGI) Is ‘One to Watch’

 

• Sycamore Entertainment Group Inc., through subsidiary SEGI.TV, offers a streaming experience built on the pillars of equality, sustainability and community
• SEGI.TV is scheduled to reach 100 million U.S. household televisions and 200 million mobile devices through Roku, Amazon Fire TV, Apple TV, Samsung Smart TV and others
• Sycamore has entered sponsorship agreements for multiple motorsports events in an effort to connect with global influencers and build brand awareness
• Ad-supported video on demand revenues are predicted to more than double between 2018 and 2024 to reach $56 billion across 138 countries

Sycamore Entertainment Group (OTC: SEGI) is a diversified entertainment company specializing in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures.

Through wholly owned subsidiary SEGI.TV, the company offers a streaming experience built on the pillars of equality, sustainability and community. SEGI.TV taps into the changing cultural environment, offering movies and television programming for a diverse audience – all without a subscription fee.

SEGI.TV

Launched in late 2020, SEGI.TV is scheduled to reach 100 million U.S. household televisions and 200 million mobile devices through Roku, Amazon Fire TV, Apple TV, Samsung Smart TV and others. The OTT streaming network operates via an ad-supported video on demand (“AVOD”) model, allowing Sycamore to control revenue growth by negotiating rates with advertisers as its userbase continues to expand.

The company expects this AVOD model to help SEGI.TV more efficiently grow its market share while avoiding direct competition with subscription service players such as Netflix and Hulu. Other industry players who have leveraged and grown through the ad-based revenue model include Tubi (33 million monthly users, acquired by Fox), YouTube (2 billion monthly users, acquired by Google) and Pluto TV (28 million monthly users, acquired by NBC/Viacom).

SEGI.TV lives up to its brand promise of inclusion, equality and community by:

Attracting Original/Hard-to-Find Content

SEGI.TV features uplifting content aimed at helping its users tap into the changing cultural environment, including movies, TV and sporting events, and the company continues to seek-out new and engaging programming.

On March 19, 2022, SEGI.TV streamed the long-awaited grudge match between Hafthor Bjornsson and Eddie Hall, former World’s Strongest Men. Deemed ‘The Heaviest Boxing Match in History’, the bout was available to watch in just two clicks for free, without any time-specific trials, paywalled content or sneaky subscriptions.

In speaking about the match, Sycamore CEO Edward Sylvan stated, “With live streaming sports revenues expected to quadruple by 2028, we at SEGI.TV are uniquely positioned to capitalize on this new ad supported model.”

Making Inroads with New Users

As consumers continue to shift away from traditional cable and satellite toward OTT streaming, existing options are divided into two primary categories – ad-supported and premium. While industry giants like Netflix, Disney and Apple target customers with non-ad-supported options, SEGI.TV’s AVOD model positions it as a solid alternative for individuals who are reluctant to commit to a subscription-based platform.

Increasing Viewership through Branding and Awareness

Sycamore has entered sponsorship agreements for multiple motorsports events in an effort to connect with global influencers and build brand awareness.

• SEGI.TV sponsored the No. 10 Dallara-Honda of Alex Palou when he took the checkered flag, winning the Honda Indy Grand Prix of Alabama at Barber Motorsports Park.
• SEGI.TV sponsored the No. 50 car of Floyd Mayweather’s TMT Racing for NASCAR’s Coca-Cola 600 at Charlotte Motor Speedway.
• SEGI.TV sponsored the No. 99 SEGI.TV GMC HUMMER EV.R in the Extreme E all-electric global racing series, which focuses on bringing awareness to environmental and equality issues worldwide.
• SEGI.TV has the North American broadcast right to the all-electric eSkootr Championship

Market Opportunity

The gradual move away from traditional cable and satellite TV subscriptions in the U.S. and around the world has created an opportunity for streaming companies to capitalize. According to data from Statista, the number of pay TV households in the U.S. declined from a peak of 100.5 million in 2014 to roughly 73 million in 2021. Likewise, pay TV revenue in the U.S. decreased from $104 billion in 2015 to $74 billion in 2021.

The loss for cable and satellite providers has corresponded with a boom for video-on-demand services. Subscription video-on-demand (“SVOD”) revenue in the U.S. reached $25 billion in 2021. According to Digital TV Research, AVOD revenues are predicted to more than double between 2018 and 2024 to reach $56 billion across 138 countries. Even SVOD mainstay Netflix is exploring AVOD as a way to combat declining subscription numbers.

As Sycamore continues to expand SEGI.TV with new, unique and eventually premium content, it is uniquely positioned to benefit from this industry trend. Through its FAST (Free Ad-Supported TV) channels, SEGI.TV positions Sycamore as one of only a handful of publicly traded, pure play companies operating in the space.

In an October 2021 report, Variety called FAST “the latest avenue for established media and entertainment companies,” and recent moves by entertainment mainstays support this notion. In April 2022, Amazon rebranded its FAST-focused AVOD service to Amazon Freevee and highlighted the rapid growth of the platform, which has tripled its monthly active users.

“Advertising video-on-demand (‘AVOD’) and free ad-supported TV (‘FAST’) channels are the biggest winners of the Streaming Wars, we believe, because ‘free’ always has the largest TAM (total addressable market),” Laura Martin, an analyst with equity research firm Needham, said in a recent note to clients.

Management Team

Edward Sylvan is the CEO and Co-Founder of Sycamore. He has more than 30 years’ experience in the financial service and banking industry. His banking expertise helped cultivate more than 20 years of entertainment industry relationships.

Terry Sylvan is the company’s CMO and Co-Founder. He brings to Sycamore more than 25 years of marketing and advertising experience, from global brand assignments to film marketing.

For more information, visit the company’s website at www.SycamoreEntertainment.com.

NOTE TO INVESTORS: The latest news and updates relating to SEGI are available in the company’s newsroom at https://nnw.fm/SEGI

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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