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Eat & Beyond Global Holdings Inc C.EATS

Alternate Symbol(s):  EATBF

Eat & Beyond Global Holdings Inc. is a Canada-based investment company that identifies and makes equity investments in global companies that are developing and commercializing food technology (tech) and sustainability. The Company is focused on the global plant-based and alternative protein sector. The Company also has investments in clean tech companies. Its investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, or financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets. Its portfolio includes Nabati Foods, Zoglo's Incredible Food, TurtleTree Labs, Above Food, Plant Power Fast Food, Reusables.com, Banana Wave and Beyond Moo.


CSE:EATS - Post by User

Eat & Beyond Global Holdings Inc
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Post by maysilverstoneon May 18, 2021 1:19pm
80 Views
Post# 33222720

$EATS Announces Major Acquisition

$EATS Announces Major Acquisition
$EATS announced today that their portfolio company good natured has acquired the operating assets of Ex-Tech Plastics Inc for cash consideration of $14.1M (USD) with the deal expecting to close later in May.
 
Ex-Tech Plastics is an Illinois-based plastics company that manufactures high-quality, rigid plastic sheets and has grown to be a market leader. Generating $33M CAD in the 2020 fiscal year, good natured is set up to nearly double its revenue following the acquisition and will gain $3.25M in working capital at closing.
 
The plant-based food market is a rapidly growing industry, expected to reach $74.22B by 2027. Up 0.9% today to $1.17 with a mc of only $23.14M, $EATS is very undervalued IMO and has A LOT of growth potential.
 

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