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Eat & Beyond Subsidiary Banana Wave Updates its Formulation

Eat & Beyond Global Investment Fund
Eat & Beyond Global Investment Fund

Banana Wave has released a new version of its Unsweetened Original flavor, plant-based, dairy-free banana milk with improved texture and flavor

Vancouver, B.C. & Boca Raton, Fl., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCQB: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), an investment issuer focused on food technology and the global plant-based and alternative protein sector, is announcing that its wholly-owned subsidiary, Banana Wave, has updated the formulation of its Unsweetened Original, plant-based, dairy-free banana milk.

Banana Wave offers a line of non-dairy banana milks made with bananas and oats and flavored with natural ingredients. The beverages are available in five flavors: Original, Unsweetened Original, Mango, Chocolate, and Strawberry and offer a creamy, smooth texture while being naturally fat-free.

“The updated formulation offers improved texture and flavor with a simplified ingredient list,” said Steven Gelerman, Banana Wave CEO. “We are committed to offering the best products that we can, and this means a focus on continuous improvement and thoughtful product development, driven by engagement with our customers.”

According to a report from Precedence Research, the global dairy alternatives market is projected to reach USD 68.79 billion by 2030 from USD 25.2 billion in 2021 at a CAGR of 11.8%.

“Banana milk is unique in the non-dairy milk category which has helped it to stand out in a category that is more mature and developed than other areas of the plant-based food and beverage market,” said Michael Aucoin, CEO of Eat & Beyond. “We are excited about the company’s continued growth and the future of banana milk in the sector.”

Eat & Beyond acquired Banana Wave in 2022 and has been working closely with the brand to expand its market share through new product innovation and increased marketing initiatives.

Subscribe to updates from Eat & Beyond at https://eatandbeyond.com/

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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://eatandbeyond.com/

Find Eat & Beyond on Social Media on LinkedIn, Instagram, Twitter and Facebook

For media inquiries, please contact: Brittany@Exvera.com

For investment inquiries, please contact: Info@EatandBeyond.com

For further information, please contact Michael Aucoin at Info@EatandBeyond.com or (604) 416-4099

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT ON FORWARD‐LOOKING STATEMENTS

This news release contains forward‐looking statements within the meaning of the Canadian securities laws (together, “forward‐looking statements”).  Such forward‐looking statements may include but are not limited to the sales of Common Shares under the Distribution Agreement, the amount of proceeds and the use of proceeds from such sales, the Company’s plan of distribution as set out in the Prospectus Supplement and the accompanying Base Shelf Prospectus, including the documents incorporated by reference therein that may not be based on historical fact.  Forward‐looking information includes statements that may relate to our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing and other information that is not historical information. These statements appear in a number of different places in this prospectus and can often be identified by words such as “anticipates”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, “will”, “could”, “may”, or their negatives or other comparable words.    Such forward‐looking information is necessarily based on estimates and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward‐looking information.   Annual Information Form and Material Change Reports filed with the Canadian Securities Administrators available at https://www.sedar.com.  

The CSE has neither approved nor disapproved the contents of this news release.  Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.