Eat Well Investment Group to Settle CA$45 Million of Recorded Obligations
MT newswire2026/10/06 20:3804:38 PM EDT, 10/06/2026 (MT Newswires) -- Eat Well Investment Group (EWG.CN) said Tuesday afternoon that it will settle CA$45 million of recorded obligations to certain directors and officers and service providers. The company will issue CA$41.6-million worth of shares to redeem all net profits interest shares (NPI shares), that were issued in 2021 to Novel Agri-Technologies, when Eat Well acquired Belle Pulses. The holder will receive five-million shares at a deemed price of CA$0.10 each. The company added that CA$3.34 million of accrued compensation, such as fees or severance costs, will also be settled for CA$100,252 in cash and 2.3-million shares. Eat Well Chief Executive Officer Daniel Brody said the agreement will take 65-million shares of "potential dilution" off the table for five-million shares issued, and remove CA$45 million of recorded obligations from the balance sheet for $100,252 in cash. "Every settling party, myself included, has agreed to accept 10 cents on the dollar to give this company the best possible shot at becoming a world-class agribusiness. The obligations to be resolved by this settlement are among the last structural barriers to financing the company's growth capital program," Brody added. Eat Well shares closed unchanged at CA$0.08 on the Canadian Securities Exchange.
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