Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #76033 on Nate's Food Company (NHMD)
Sleepy2016
05/04/17 2:04 PM
#76034 RE: CowboysNation88 #76033
elbiatcho1
05/04/17 2:11 PM
#76036 RE: CowboysNation88 #76033
On August 4, 2015, the Company executed a lease for on an approximately 7,000 square foot food processing facility in Los Angeles County. The lease ran through August 4, 2020 with lease payments of approximately $6,000 up to approximately $8,000 per month during the term of the lease. On April 28, 2017, the company agreed to a mutual release with the landlord. The Company agreed to pay $57,474 and surrender its $18,600 security deposit. This was done as part of the Company discontinuing is previous operations.
On October 30, 2015, the Company stopped selling product online through One PM. While the online sales provided valuable information regarding consumer interests in our product, it has always been the plan of the Company to focus primarily on sales and distribution through retail channels. The Company may determine that there is continuing demand for online sales and may resume such sales in 2016 .