Mr. Marc Aneed reports

EAT WELL GROUP APPOINTS DR. BERNHARD VAN LENGERICH AS STRATEGIC ADVISOR AND EXPANDS CREDIT FACILITIES

Eat Well Investment Group Inc. has appointed Dr. Bernhard van Lengerich to the company's advisory board to assist management with investment insight and general corporate strategy related to the company's plant-based investment portfolio.

Highlights:

• PhD in food/biotechnology;
• Leadership experience at General Mills Inc., Beyond Meat, Unilever and more;
• Led the development and launch of the first Beyond Burger as adviser and served on Beyond Meat's board of directors;
• Appointed to help maximize portfolio companies' food tech and innovation efforts, environmental, social and governance driven opportunity identification, and technology trend mapping.

Dr. van Lengerich completed his PhD in food/biotechnology at the Technical University of Berlin, Germany, and has served in senior leadership positions at some of the largest food and food technology companies in the world, including General Mills, RJR Nabisco, Unilever, Beyond Meat and the Buehler Group.

"We are honoured to welcome Bernhard to Eat Well Group. His experience and track record in not only major plant-based foods companies, but global consumer products, is unparalleled, and even more importantly, his values align with our mission. We look forward to working with him to assist management, help advise our portfolio companies and review potential investments that have the ability to change our world for the better," commented Marc Aneed, chief executive officer and director of Eat Well.

Dr. van Lengerich completed his PhD thesis in the field of extrusion with summa cum laude recognition at the Technical University of Berlin. Following his dissertation, he worked for several notable organizations, such as Coperion, RJR Nabisco in the United States and the Buehler Group in Switzerland. In 1994, he joined General Mills in Minneapolis, where he led the game-changer innovation program and created a novel GMI technology venturing initiative, enabling faster and higher-impact innovations. As chief science officer and vice-president, technology strategy, for General Mills, he was responsible for science and technology development across the company until his retirement in 2015, after over 20 years of service.

He joined Beyond Meat in 2016 in an advisory role as acting chief technology officer and head of research and development. During his time at Beyond Meat, he led the development and launch of the first Beyond Burger and subsequently served on Beyond Meat's board of directors until 2021.

In addition, Dr. van Lengerich serves as board member of the German Institute of Food Technology and Bountifield International, and he is an adviser to S2G Ventures, Brightseed Bio, Benson Hill, UKKO, and several other organizations in the United States and Europe.

He is the inventor or co-inventor of over 150 patents, and holds an honorarium professorship at the Technical University of Berlin, Germany, teaching extrusion science and technology, and he is a fellow of the Institute of Food Technologists in Chicago. He has been an invited participant in discussions at the White House Office for Science and Technology Policy on global protein security under the Obama administration.

His focus remains on supporting innovative solutions targeted toward a sustainable food system focused on supporting global food security initiatives. To help tackle this increasingly important issue, he founded the Seeding the Future Foundation, a 501(c)(3) private family foundation focusing on seeding and supporting impactful innovations that can help transform the food system. The foundation created and funds the Seeding the Future Global Food System Challenge, which is hosted by the Institute of Food Technologists in Chicago (IFT) and awards up to $1-million annually. In its inaugural year, the challenge received over 900 applications from innovator teams around the world. Eat Well's management team is highly enthusiastic and confident in Dr. van Lengerich's and Seeding the Future Foundation's ability to deliver on the mission to help improve the food system to become more sustainable and deliver safe and nutritious food that is affordable, accessible, attractive and trusted by the consumer.

The company is also pleased to announce that it has increased its available credit facilities with Cortland Credit Lending Corp. for up to an additional $6.5-million for an aggregate availability of up to $40-million. Concurrently, the company extended the maturity date of the credit facilities from July 31, 2022, to Oct. 31, 2022. The additional credit facilities are expected to be used for further growth initiatives and general working capital. As of the date hereof, the company has drawn an aggregate of $33.5-million of the available $40-million of credit facilities. The credit facilities continue to have a first-ranking security interest in all of the company's assets.

About Eat Well Investment Group Inc.

Eat Well is a publicly traded investment company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and ESG sectors. Eat Well's management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries, and maintains a current investment mandate on the health/wellness industry. The team has financed and invested in early-stage venture companies for greater than 25 years, resulting in unparalleled access to deal flow and the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns.

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