''The grocery industry is changing, and Food-X provides a solution to innovative retailers everywhere as they deal with evolving consumer trends, the impact of the online market shift and the delivery of fresh foods," said Peter van Stolk, CEO of Food-X and SPUD. "Customers care about sustainability, and we are proud to have partners who recognize that our unique platform offers a better, faster and more efficient fresh, healthy grocery delivery solution. We are pleased to welcome Crédit Mutuel Equity (formerly CIC Capital Ventures/Emerillon Capital), who we view as an active, value-added partner, to our shareholder base. Crédit Mutuel Equity has significant experience in the online European grocery market that will prove beneficial as we expand Food-X outside of North America."
"We are impressed by the experience, expertise and history of SPUD that enables them to address growing consumer preferences for healthy, local and organic products, combined with the convenience of e-commerce and home delivery. We look forward to joining this amazing team" said Eric In, Principal at Crédit Mutuel Equity. "As a value-added partner, Crédit Mutuel Equity is dedicated to supporting high-potential companies such as SPUD, especially in accelerating their domestic and international expansion," said Ludovic André, Managing Director of Crédit Mutuel Equity.
"Walter Capital Partners are pleased to continue supporting SPUD as it expands its innovative e-commerce grocery platform. We believe SPUD is well-positioned to be a Canadian and international leader, and we are excited to partner with them as they continue to grow" adds Eric Phaneuf, Managing Partner of Walter Capital Partners.
