Nate’s Food Co. (OTC: NHMD) today announced that its officers and directors have unanimously agreed to cancel 1 billion common shares, representing a 27% reduction in issued and outstanding shares. According to the update, of the total 1 billion shares approved for cancellation, 500 million common shares have already been successfully cancelled. The process is currently underway to cancel the remaining 500 million shares through the company’s transfer agent. The move to cancel the common shares is part of Nate’s Food Co.’s strategy to optimize its capitalization, streamline operations and position for possible joint ventures or acquisitions.
To view the full press release, visit https://ccw.fm/RhikL
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. For more information, visit the company’s website at www.NatesFoodCo.com.
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit https://www.cryptocurrencywire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork.
