21:21:24 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 2023-06-05 C$ 0.15
Market Cap C$ 2,524,754
Recent Sedar Documents

Eat & Beyond portfolio co. invests in Stardust

2023-06-06 13:55 ET - News Release

Mr. Michael Aucoin reports

EAT & BEYOND'S PORTFOLIO COMPANY, PURPOSE ESG, TARGETS GROWING RENEWABLES SECTOR THROUGH INVESTMENT IN STARDUST SOLAR TECHNOLOGIES INC.

Eat & Beyond Global Holdings Inc.'s portfolio company, Purpose ESG Holdings Inc., an investment issuer building a portfolio of clean tech companies that support environmental, social and governance (ESG) outcomes, has invested in Stardust Solar Technology Inc., a British Columbia-based solar and EV (electric vehicle) charging franchiser and trainer. Stardust Solar has a network of over 2500 trained and certified Solar Professionals across North America and 18 franchisee operations.

"The solar market is growing rapidly, but not all solar companies offer the potential for outsized investment returns," said Purpose ESG's CEO, Young Bann. "Our rigorous vetting process of Stardust Solar revealed the startup's multi-faceted advantages. They have scalable business models that have been proven competitive based on their year-over-year growth over the past 3 years. With the help of Purpose ESG to identify and realize incremental growth opportunities, we will support Stardust Solar in their goal of becoming the 'Starbucks of Solar'."

Stardust Solar is diversified across 3 revenue-generating entities: Stardust Solar Technologies, Stardust Solar Franchise, and Stardust Solar USA. They are now rolling out the commercially viable models they established in Canada in the much larger US market. Stardust also has a distinct competitive advantage in the US due to their unique end-to-end value chain models.

Another important driver behind Stardust Solar's continued market penetration is the growing adoption of solar installations in North America across the under-invested residential and commercial segments. While there are over 43,000 current solar installations on residential, commercial and industrial rooftops in Canada [ 1 ], the market size in the US is significantly larger, with the White House recently projecting that their Inflation Reduction Act (IRA) is expected to enable 7.5 million more American families to afford residential solar installations thanks to a 30% tax credit.[ 2]

Stardust Solar is a certified Solar Installation Training Provider and National Franchisor. In Canada, they are 1 of only 5 CSA-approved solar training companies. In the US, they earned proctor status from The North American Board of Certified Energy Practitioners(TM) (NABCEP(TM)), the most respected and widely recognized certification organization for professionals in the field of renewable energy. They currently have a market presence in 7 provinces and 2 territories in Canada and 12 states in the US.

Stardust Solar has also expanded into the Electrifications sector by becoming a Tesla Certified reseller and installer of Tesla PowerWall energy storage systems for the residential and commercial segments. By connecting the Tesla PowerWall's advanced battery system to solar panels, private individuals and businesses can create an easy-to-use energy hub within their homes or facilities.

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 PURPOSE ESG HOLDINGS INC.

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, with a focus on electrification, energy transitions, circular economy, carbon and new tech. Purpose ESG provides its investors with the opportunity to participate in the growth of a portfolio of breakthrough technologies and value chain solutions with market leadership potential. The Company works closely with its portfolio companies to drive their growth and success, ultimately working to build a smarter, cleaner, and more sustainable future. Learn more: 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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