Eat & Beyond Global Holdings Inc. has acquired a 50% stake in Purpose ESG Holdings Inc., enhancing its investment portfolio in the sustainable technology space.
Target Information
Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) is an investment issuer based in Vancouver, BC, focusing on the global plant-based and alternative protein sectors. As part of its strategic expansion, the Company has recently acquired a 50% interest in Purpose ESG Holdings Inc. through a securities exchange agreement finalized on April 26, 2023. This acquisition is positioned to enhance Eat & Beyond's investment portfolio with significant growth potential within the environmental, social, and governance (ESG) sectors.
Purpose ESG operates as a private company in British Columbia, dedicated to fostering advancements in electrification, food technology, hydrogen power, carbon capture, and other innovations that support a circular economy. Its emphasis on ESG outcomes aligns with increasing global demands for sustainable investment opportunities.
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Industry Overview
The Canadian plant-based food industry has seen remarkable growth in recent years, driven by increasing consumer interest in healthier eating and sustainable food practices. According to industry reports, the market for plant-based al
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Disclosed details
Transaction Size: $2M