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Jun 27, 2023

Eat Well Investment Group Inc. (CSE: EWG) (US: EWGFF) (FSE: 6BC0) (“Eat Well”) completed a CAD$24.5 million refinancing with Business Development Bank of Canada (“BDC”) and Cortland Credit Lending Corporation (“Cortland”).

The refinancing included (i) obtaining CAD$24.5 million of loans from BDC to be used to repay certain amounts owing to Cortland and (ii) converting the remaining CAD$15.5 million owed to Cortland into multiple loan facilities with an extended maturity date.

Eat Well is a publicly-traded company primarily focused on the agribusiness, food tech, plant-based and ESG (environmental, social and governance) 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 focus on the health / wellness industry.

McMillan acted as counsel to Eat Well on this transaction, providing corporate and financial services expertise on the refinancing to achieve a successful outcome for our client. Paul Barbeau and Jason Haley led McMillan’s multidisciplinary team, which included Jill Pereira, Cody Foggin and Isabelle Guevara.

As a national business law firm with exceptional capabilities to lead businesses through transactions and investments, McMillan provides real-time business solutions to our clients. Our Capital Markets & Securities Group is skilled at structuring and closing complex deals of all shapes and sizes in Canada and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps our clients stay ahead.