Nate's Food Co Announces Common Stock Cancellation of 1 Billion
Shares
Huntington Beach, CA --
August 7, 2023 -- InvestorsHub NewsWire -- Nate's Food Co (OTC:
NHMD) is pleased to announce that the company's officers and
directors have unanimously agreed to cancel 1 billion common
shares, representing 27% reduction in issued and outstanding
shares.
Of the total 1 billion
shares approved for cancellation, 500 million common shares have
already been successfully cancelled, and the process is currently
underway to cancel the remaining 500 million shares through the
company's transfer agent.
The cancellation of
common shares is part of Nate's Food Co's strategic plan to
optimize its capitalization, streamline operations, and position
the company for possible joint ventures or acqusitions.
About
Nate's Food Co.
The Company operates two
divisions: (1) Food development and distribution and (2) bitcoin
mining. The Company's focus is the development of food products for
distribution in wholesale membership stores and into retail grocery
stores. The Company also operates a bitcoin
mining division as a hedge against inflation.
Additional
information is available by visiting company's website at
www.natesfoodco.com or on twitter
at
https://twitter.com/natesfoodco.
Revenue related calculations. Please
note that the Company believes that any revenue related
calculations are accurate and based on factual information, there
can be no assurance that the Company will be able to achieve all
projections due to number of business-related factors, such as
power pricing, mining equipment availability, bitcoin mining
difficulty, bitcoin market pricing and other unforeseen issues in
deploying its mining rigs.
You can
view update information on Bitcoin Mining by
visiting https://alloscomp.com/bitcoin/calculator.
Certain statements in this release constitute forward-looking
statements.
These statements include the capabilities and success of the
Company's business and any of its products, services or solutions.
The words "believe," "forecast," "project," "intend," "expect,"
"plan," "should," "would," and similar expressions and all
statements, which are not historical facts, are intended to
identify forward-looking statements. These forward-looking
statements involve and are subject to known and unknown risks,
uncertainties and other factors, any of which could cause the
Company to not achieve some or all of its goals or the Company's
previously reported actual results, performance (finance or
operating) to change or differ from future results, performance
(financing and operating) or achievements, including those
expressed or implied by such forward-looking statements. More
detailed information about the Company and the risk factors that
may affect the realization of forward-looking statements is set
forth in the Company's filings with the SEC, copies of which may be
obtained from the SEC's website at www.sec.gov.
The Company assumes no, and hereby disclaims any, obligation to
update the forward-looking statements contained in this press
release.
For more
information:
Nate's Food
Co.
Email:
nate@nateshomemade.com
Phone: (949)
341-1834