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Monday, May 10, 2021

Penny Stock in Focus is Nate’s Foods Co (OTCMKTS:NHMD)

Nate’s Foods Co (OTCMKTS:NHMD) continues to see higher highs and higher lows as the stock trades strong since a brief dip below the $0.03 mark. NHMD is a stock with a history of explosive moves running to as high as $0.189 last November.

It all started 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 (OTCMKTS:NHMD)

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.

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.

The Company has not issued a press release since June when they announced that conference call in information for the June 16 shareholder meeting is: Dial In-number: (605) 475-6333 Access Code: 217187.

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Currently trading at a $2.7 million market valuation NHMD has no assets, little debt and little revenues to date. But 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 that saw some success earlier this year. 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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