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Saturday, November 26, 2022

How Strong are the Moves of Nate’s Foods Co (OTCMKTS:NHMD)?

Nate’s Foods Co (OTCMKTS:NHMD) is making a spectacular move up on accelerating volume and recent action suggests this one may still have plenty left in the tank. Over the past 6 months NHMD has run from sub penny lows of $0.0006 to recent highs of $0.189. After some healthy consolidation in recent days NHMD is back at it again, running hard and making a go of 52 week highs. A break over $0.189 would be a huge win for shareholders and confirmation of another big leg up.

It all started in May of this year when Capital Resource Alliance, Inc. CRRA announced a reverse merger with Nate’s Pancakes, Inc., In September the Company received approval from FINRA for a name change effective September 25, 2014 CRRA became Nate’s Foods Co (OTCMKTS:NHMD)

Nate’s Foods Co (OTCMKTS: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.

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.

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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.

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.

Back at the end of October NHMD announced it has begun expanding its production capacity to approximately 100,000 cans a day, or 24 million cans per year, which could provide revenue up to $75 Million per year.

The Company currently has the capacity to make 10-12 million cans a year. The Company’s initial discussions on placement of our products in grocery stores would exceed that capacity. As a result, the Company has begun to expand its production capacity in order to meet the orders that we expect. If we can obtain a footprint in the 13,000 stores that were previously obtained, that would require each store to only order 1,800 cans per year to meet the increased production capacity of 24 million cans.

These are the initial steps the Company is taking to grow the revenues in anticipation of up-listing to the New York Stock Exchange in the next 3–5 years. In addition to the revenue requirements, the Company would need a share price of at least $3.00 and market capitalization of $75 Million.

Currently trading at a $7.3 million market valuation, Nate’s Foods has been making some big announcements including expanding its production capacity to approximately 100,000 cans a day, or 24 million cans per year, which could provide revenue up to $75 Million per year. One thing investors are waiting on is a 10QSB and getting the limited information designation removed by Otcmarkets. Many would suggest by the time that happens one will have already missed the fast moving NHMD train.

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After some healthy consolidation in recent days NHMD is back at it again, running hard and making a go of 52 week highs. A break over $0.189 and NHMD is wide open!

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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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