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Eat Well Group Sells Stake in PataFoods to Strengthen Financial Position

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Eat Well Group Sells Stake in PataFoods to Strengthen Financial Position

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Eat Well Investment Group Inc ( (TSE:EWG) ) has issued an announcement.

Eat Well Investment Group Inc. has sold its remaining stake in PataFoods, Inc. for $1.25 million, which will be used to reduce debt and transaction fees. This strategic move enhances the company’s financial flexibility and positions it for stronger long-term profitability, while maintaining support for PataFoods.

More about Eat Well Investment Group Inc

Eat Well Investment Group Inc. is a Canadian-based leader in sustainable, plant-based ingredients, focusing on premium pulse processing. As the owner of Belle Pulses Ltd., a major pulse processor in North America, the company has been at the forefront of plant-based protein innovation for nearly 45 years, supplying high-quality ingredients to over 35 countries.

Technical Sentiment Signal: Buy

Current Market Cap: C$26.65M

For an in-depth examination of EWG stock, go to TipRanks’ Stock Analysis page.

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