NHMD owns Nothing! Mark and Nate kept it in Innovative Brands and charge shareholders of NHMD a Fee. Minimum $7500.00 a month, accrued or otherwise, makes no difference. They are also passing thru on all the expenses as "development" costs to NHMD shareholder for Innovative. look at the last 10k. You will see Cash on Hand matches ASSETS. RED FLAG IMO
Liquidity and Capital Resources
As of February 28, 2015, the Company had $1,328 in cash and a total of $1,328 in assets. In management’s opinion, the Company’s cash position is insufficient to maintain its operations at the current level for the next 12 months. Any expansion may cause the Company to require additional capital until such expansion began generating revenue. It is anticipated that the raise of additional funds will principally be through the sales of our securities. As of the date of this report, additional funding has not been secured and no assurance may be given that we will be able to raise additional funds.