File: '\\swfile\EmailIn\20260601 112922 Attachment EWG Q1 2026 PR - Final.docx'

Eat Well Investment Group Reports First Quarter 2026 Financial Results

Adjusted EBITDA of $790,313, gross profit expands 420 basis points, net loss cut by more than half

VANCOUVER, BC, June 1, 2026 - Eat Well Investment Group Inc. (CSE: EWG) (US: EWGFF) (FSE: 6BC0) ("Eat Well" or the "Company"), today announced its financial results for the three months ended March 31, 2026. The quarter marks a clear inflection point for the business, with positive Adjusted EBITDA, expanding gross profit, and a substantial reduction in net loss, as the Company continues to advance its application toward a full revocation of its cease trade order and a resumption of trading on the Canadian Securities Exchange.

First Quarter 2026 Highlights

Adjusted EBITDA(1) of $790,313, up 49% from $529,968 in Q1 2025

Gross profit of $1,811,614, up 13% on lower revenue, reflecting margin expansion

Net loss of $1,306,230, reduced by 60% from $3,283,694 in Q1 2025

Financing and transaction costs of $8,345, down from $2,746,662 in Q1 2025

Cash of $5,989,647 at quarter end

Financial Summary

(in Canadian dollars)

Q1 2026

Q1 2025

Revenue

$11,517,506

$13,962,426

Gross profit

$1,811,614

$1,600,782

Gross profit %

15.7%

11.5%

Adjusted EBITDA(1)

$790,313

$529,968

Net loss (IFRS)

$(1,306,230)

$(3,283,694)

Net loss per share, basic and diluted

$(0.01)

$(0.02)

Cash and equivalents (period end)

$5,989,647

$2,030,653

(1) Non-IFRS measure. See "Non-IFRS Measures" and reconciliation tables below.

CEO Commentary

"This quarter shows what we have been building toward," said Daniel Brody, President and Chief Executive Officer of Eat Well. "Adjusted EBITDA up 49%, gross margins expanded from 11.5% to 15.7%, and we cut our net loss by 60%. The operational discipline is showing up in the results. With our filings current, we are in the clearest position we have been in years. Our priorities from here are straightforward: return to trading, refinance our higher-interest rate debt, and grow the parts of the business that carry the best margins. I want to thank our shareholders for their continued patience and support throughout this process."

Operational and Regulatory Update

The Company has completed and filed its audited annual financial statements for the years ended December 31, 2023, 2024 and 2025, along with the required quarterly interim financial statements. With its continuous disclosure record now current, the Company has advanced its application toward a full revocation of the cease trade order and a resumption of trading on the CSE. There can be no assurance that a full revocation will be granted.

Non-IFRS Measures

This news release refers to certain non-IFRS financial measures, including "Adjusted EBITDA". This measure does not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. It should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Management believes this measure provide useful information to investors and analysts in assessing the Company's underlying operating performance by excluding the impact of items that are non-cash, non-recurring, or not reflective of ongoing operations. A reconciliation to the most directly comparable IFRS measures is presented below.

Adjusted EBITDA Reconciliation

Adjusted EBITDA Reconciliation (in CAD)

Q1 2026

Q1 2025

Net loss

$(1,306,230)

$(3,283,694)

Add: Income tax (benefit)

(93,405)

(207,309)

Add: Interest expense

721,024

750,955

Add: Depreciation and amortization

1,001,756

1,144,836

EBITDA

$323,145

$(1,595,212)

Add: Bad debt write-off (litigation-related)

461,965

-

Add: Financing and transaction costs

8,345

2,746,662

Less: Realized investment gain (Amara)

-

(621,482)

Less: Gain on disposal of fixed assets

(3,142)

-

Adjusted EBITDA

$790,313

$529,968

About Eat Well Investment Group Inc.

Eat Well Investment Group Inc. is a publicly traded Canadian agricultural and food infrastructure company. The Company operates pulse processing facilities in Saskatchewan and Montana serving food ingredient and consumer markets across North America and internationally. The Company's common shares trade on the Canadian Securities Exchange under the symbol "EWG."

To learn more, join Eat Well's mailing list for updates at www.eatwellgroup.com.

Contact Information

Eat Well Investment Group Inc.

Daniel Brody, President, CEO & Director

ir@eatwellgroup.com

www.eatwellgroup.com

Disclaimer for Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively "forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," "likely" and "intend" and statements that an event or result "may," "will," "should," "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements include, but are not limited to, statements related to the refinancing of the Company's credit facility, the Company's application for a full revocation of the CTO, the resumption of trading of the Company's shares on the CSE, future developments and the business and operations of the Company. Such forward-looking statements should not be unduly relied upon. Forward-looking information is based on assumptions that may prove to be inaccurate. The Company considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those expressed or implied in the forward-looking information, including the business, financial, credit and other market risks. The forward-looking statements in this news release are made as of the date of this release. The Company disclaims any intention or obligation to update or revise such information, except as required by applicable law. For more information on the Company and the risks and challenges of its business, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.