VANCOUVER, BC, May 4, 2021 /CNW/ - Eat Beyond Global Holdings
Inc. (CSE: EATS) (OTC: EATBF) (FSE: 988) ("Eat Beyond"
or the "Company"), an investment issuer focused on the
global plant-based and alternative food sector, is announcing that
its portfolio company good natured® (TSXV: GDNP)
achieved a 160 percent increase in revenue for the first quarter of
2021.
From January to March 2021, good
natured® reported $8
million in revenue with gross margins anticipated to reach
between 36 and 38 percent.
Founded in 2006, good natured® offers nearly 400
different products and services. It is one of the largest
continental providers of environmentally friendly products made
without petroleum and free from BPAs, phthalates, and other
chemicals of concern. good natured® enables businesses
and consumers to easily and affordably reduce fossil fuel usage and
make smarter, more sustainable choices.
"We were drawn to good natured® because their main
objective is to significantly reduce the use of petroleum-based
plastics by providing plant-based packaging options to consumer
goods businesses in the food space," Eat Beyond CEO
Patrick Morris said. "good
natured® is positioned perfectly to fulfill the growing
market demand for eco-friendly options, especially given the
company's flexible and scalable supply chain."
Notably, good natured® has nine manufacturing
facilities and an impressive list of over 500 recurring business
customers. It also exceeds 20,000 direct-to-consumer sales
annually across the United States
and Canada with a compound annual
growth rate (CAGR) of 153 percent over the last six years.
"Eat Beyond remains bullish on its good natured®
investment given both its growth history and trajectory," Morris
said. "The fragmented nature of the fast-moving consumer
goods market means that a company like good natured® is
in a great position to continue to expand its revenue streams."
Subscribe to updates about Eat Beyond Global here:
https://eatbeyondglobal.com/contact/
Learn more about good natured here:
https://goodnaturedproducts.com/pages/about-us
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. ("Eat Beyond") (CSE: EATS)
(OTCPK: EATBF) (FSE: 988) is an investment issuer that makes it
easy to invest in the future of food. Eat Beyond identifies and
makes equity investments in global companies that are developing
and commercializing innovative food tech as well as plant-based and
alternative food products. Led by a team of food industry experts,
Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the
unique opportunity to participate in the growth of a broad
cross-section of opportunities in the alternative food sector, and
access companies that are leading the charge toward a smarter,
more secure food supply. Learn
more: https://eatbeyondglobal.com/
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SOURCE Eat Beyond Global Holdings Inc.