12:04:37 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



Eat & Beyond Global Holdings Inc (2)
Symbol EATS
Shares Issued 16,831,695
Close 2023-05-29 C$ 0.13
Market Cap C$ 2,188,120
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Eat & Beyond details Purpose ESG portfolio

2023-05-30 14:04 ET - News Release

Mr. Michael Aucoin reports

EAT & BEYOND PROVIDES OVERVIEW OF LATEST PORTFOLIO COMPANY INVESTMENT: PURPOSE ESG HOLDINGS INC.

Eat & Beyond Global Holdings Inc. is providing an overview of its latest portfolio company investment: Purpose ESG Holdings Inc. Purpose ESG is an investment issuer building a portfolio of Clean Tech companies that support environmental, social and governance (ESG) outcomes.

On May 19, 2023, Eat & Beyond announced its completion of the acquisition of 50% of the issued and outstanding securities in the capital of Purpose ESG pursuant to the terms and conditions of a securities exchange agreement dated April 26, 2023, among the Company, Purpose ESG, the shareholders and warrantholders of Purpose ESG.

Eat & Beyond's CEO, Michael Aucoin, commented: "We're excited to add Purpose ESG to our portfolio as a strategic diversification into new sectors. Their focus on 'clean' and 'tech' is a natural fit with our goal of making it easy to invest in innovative companies that are working to create a smarter and more sustainable world."

Purpose ESG's CEO, Young Bann commented: "We welcome Eat & Beyond's investment and support, both of which will help us continue making it easy to invest in Canadian and US Clean Tech startups with the aim of achieving outsized returns through our fast track go-public strategies. By providing access to ESG investment opportunities that are specifically addressing the world's urgent environmental issues, we're ensuring that our shareholders' investments have impactful purposes and the potential for market-beating returns."

Purpose ESG's investment strategy involves 4 pillars:

Discover ESG tech startups in Canada and the US at early and pre-growth stages

Work with portfolio companies to identify and realize incremental growth opportunities

Deliver 2 to 3 equity-linked investments annually with fast track go-public pathways

Capitalize through management buy-backs, public offerings and trade sales

Their go-public portfolio currently consists of 2 companies:

Stardust Solar Technology Inc. is a British Columbia-based solar and EV charging franchiser that includes 3 entities generating revenues: from training of certified solar energy designers, installers and system managers; from franchising of solar business and equipment sales opportunities; and from expansion into the US solar market.

Carbon Upcycling Technologies is an Alberta-based waste and carbon utilization company with a patented technology platform that converts CO2 gas into nanomaterials. Their initial focus is on sequestering industrial CO2 in the massive cement and concrete market, which is the source of 8% of global CO2 emissions.

Purpose ESG's sector emphasis is on 5 core technologies poised for substantial growth due to their ability to drive sustainability and the increasing global efforts to reduce CO2 emissions:

Electrification: energy storage systems (ESS); EV batteries & battery management systems (BMS)

Circular economy: biodegradable plastics; EV battery recycling; waste-to-energy

Hydrogen power: primarily for heavy road transport

Carbon capture: blue hydrogen/methanol; CO2 enforced concrete

Food tech: alternative protein; urban/vertical farming

Leading Purpose ESG is a lean and qualified operating team with industrial expertise, proven business credentials, and valuable international market network connections:

CEO Young Bann served as a Corporate Executive in General Electric and as CEO of Hyundai Materials (a Hyundai Motor Group affiliated company) and has built business relationships with ESG industry leaders for over 30 years.

CFO Kelvin Lee serves as CFO and Director for multiple listed and private companies, and holds a CPA, CGA designation and a Bachelor of Business Administration (Hons).

For more information about Purpose ESG and to sign up for their latest updates, visit purposeesg.com/

Contact Information for Purpose ESG:

Young Bann, CEO

Purpose ESG Holdings Inc.

young@purposeesg.com

778-887-8912

For investor inquiries or further information, please contact: young@purposeesg.com

ABOUT EAT & BEYOND

Eat & Beyond 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.

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