Greenfield Farms Food Inc. (fka GRAS)

[otcsource]

di·vest·i·ture

noun
the action or process of selling off subsidiary business interests or investments.
"the divestiture of state-owned assets"




WEST PALM BEACH, FL -- July 24, 2017 -- InvestorsHub NewsWire -- Greenfield Farms Food, Inc. ("GRAS" or the "Company") (OTCPink: GRAS) announced completion of an asset purchase agreement - not a merger - of Cherry Hill Financial LLC. In the transaction, GRAS acquired 100% of Cherry Hill's membership interest and the agreement called for GRAS to divest itself of its then existing operations and restructure its debt. It was that obligation and not the underlying asset purchase that was delayed. After negotiations over the weekend, management of GRAS is pleased to announce that the divestiture and restructuring of debt is now completed. GRAS looks forward to profitable operations in the insurance syndication space, as originally contemplated. We apologize for any confusion occasioned by the press release of July 21, 2017.

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