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Sunday, November 27, 2022

Conversions & Opportunity on Nate’s Foods Co (OTCMKTS:NHMD)

Nate’s Foods Co (OTCMKTS:NHMD) has seen a recent surge in price and volume since reversing off $0.0054 lows. The stock has been hampered down by debt conversions that have decimated the share price since the stock traded as high as $0.15 in January.

NHMD came into being in May of last year when Capital Resource Alliance, Inc. CRRA announced a reverse merger with Nate’s Pancakes, Inc., In September the Company received approval for a name change effective September 25, 2014 CRRA became Nate’s Foods Co.

Nate’s Foods Co (OTCMKTS:NHMD) Batter Blaster was initially created by NHMD CEO Nate Steck and his wife back in 2007. At the time Nate was the co-owner of Thee Parkside, a San Francisco club that served up punk bands alongside yak burgers and bear-meat chili. When they created Better Blaster it was the only organic refrigerated pancake and waffle batter in a pressurized can on the market and it quickly saw national success selling in over 13,000 stores and grossing over $40 Million in sales. The product was featured on the Food Network and a disasterous episode of Regis & Kelly.

Batter Blaster was also featured in a 2010 CNN article that said of the Company at the time ”Through word of mouth, social networking and publicity stunts — traveling 180,000 miles in an Airstream trailer to visit county fairs; rallying a team to cook 76,382 pancakes in eight hours to set a Guinness World Record — O’Connor and his 16 employees have gotten Batter Blaster into 13,000 outlets nationwide, including Costco (COST, Fortune 500) and Whole Foods (WFMI, Fortune 500) stores. In 2008 Batter Blaster’s annual revenues hit $15 million. O’Connor expects the total for 2009 to surpass $19.5 million.

Nate’s Foods Co with Nate Steck at the helm aims to parallel the success he had on Better Blaster with Nate’s Pancakes, a gluten-free, ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can.

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NHMD Pancakes make ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Their pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day. Nate’s Pancakes was created by Nate Steck who also created Batter Blaster which sold nearly 2 million cans and exceed $15-20 Million dollars a year in revenue.

The pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day. With no preparation and no clean-up, we’ve made making breakfast easier for your busy mornings.

Besides the Pancake mix NHMD is also developing a One Minute Omelet, a pre-mixed omelet in a ready to use pressurized can which will be sold with egg white and whole eggs. Management seems to have strong belief in the new Company entering into 10b5 Plans to purchase up to $250,000 of common stock in open market transactions.

On November 17 NHMD issued an 8k that stated ”On November 13, 2015, BOU Trust, converted a portion of the VISTA Convertible Note into 4,400,000 shares of common stock. The balance remaining on the VISTA Convertible Note after this conversion is $31,920.00.

”On November 13, 2015, an Accredited Investor converted Series B Preferred Shares into 4,500,000 shares of common stock.”

On November 19 NHMD announced that Southridge, an Institutional investor known for highly dilutive financing, has entered into an Equity Purchase Agreement with Nate’s Food Co. (NHMD)

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Currently trading at a $500k market valuation NHMD has no assets, little debt and little revenues to date. NHMD is an exciting story developing in small caps; the Company makes ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Unfortunately massive debt conversions have decimated the share price and continue to drive NHMD lower. Once new stocks stops coming into the market NHMD will be ripe for a move. We will be updating on NHMD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NHMD.

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Disclosure: we hold no position in NHMD either long or short and we have not been compensated for this article.

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