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- Eat Well completed the acquisition of Sapientia on July 31, 2021
- The acquisition was for consideration of 3,741,969 common shares and cash payment of US$6.51 million in installments payable through July 8, 2022
- Eat Well has just paid its final installment of $840,000, marking a major milestone for the company
- It now looks to continue to build on Sapientia’s momentum by accelerating production and collaborating with other portfolio companies to meet existing and new demand, increase distribution and product offerings.
In a 2019 Gartner study of 473 CEOs and senior executives, 53% of respondents cited growing their business as their top priority going forward. They further noted that one of the fastest ways to grow their business was to enter new markets and reach previously unreachable customers. Mergers and acquisitions (“M&A”), they said, would help achieve this goal while exposing their companies to more of the benefits associated with the move (https://ibn.fm/oh8k1).
Therefore, mergers and acquisitions would define 2020 and 2021. In a 2022 mid-year update, PWC noted that at the start of 2022 dealmakers were “moving into the best year ever for global mergers and acquisitions.” “. According to the report, 2021 saw over 60,000 publicly disclosed transactions valued at over US$5 billion, a first in the history of…
NOTICE TO INVESTORS: The latest news and updates regarding EWGFF can be found in the company newsroom at https://ibn.fm/EWGFF
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