But the product has been sold since 2014. Plus look at all the deals!
In May 2014, the Company executed a licensing agreement to market and sell the product Nate’s Pancakes. Our license agreement is exclusive throughout the world. The product is currently sold under the name “Nate’s Homemade.”
Nate’s Food Co. Announces Export of 3 Million Cans To China November 18, 2014 08:00 AM Eastern Standard Time LOS ANGELES--(BUSINESS WIRE)--Nate’s Food Co. (OTC: NHMD) announced today that it has reached an agreement to export 3 million cans to China. As a result of the shift in China towards a preference for westernized products and the lack of a dominant US Company, the Company views China as having greater potential for growth than the United States. The Company is forecasting that Chinese sales could exceed 25 million cans annually by 2018. Between the United States and China, the Company is expecting sales to exceed 50 million cans annually within the next 3-5 years.
2015 excerpts:
2016
The Company is dispatching our Director Sales Operations, JEFF WEST, to China and other stops in East Asia on March 4, 2016. Jeff has set up meetings over the coming weeks with several companies who are interested in distributing Nate's Homemade Pancake and Waffle Batter throughout the region. Jeff has extensive experience in working with companies in China and other countries in Asia, and has worked with them in the past in introducing and marketing new products into their marketplaces. Prior to working with the Company, J eff has owned his own company since 2006, and he has been working in global sales, marketing, business development and product distribution since 2000. We are confident that his experience and contacts in the region will enable the Company to successfully explore and develop new marketing opportunities for our products.
On April 11, 2016, the Company sent samples to Kroger’s Corporate Office and New Product Evaluation Division. Jeff West is having ongoing conversations with Krogers to determine next steps.
The Company also sent samples to QVC for evaluation and Jeff West is following up with his contacts at QVC for next steps.
Since April 24th, 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. The manufacturing group has represented that through their distribution network they will be able to sell over 2,000,000 units per month.
On April 28 th , 2016, the Company sent samples and product information to ConAgra's Innovation Group for evaluation. ConAgra expressed interest in evaluating Nate’s Homemade Pancake and Waffle Batter and the samples were sent in response to their request. ConAgra has maintained an interest in aerosol batters due to their long term relationship with Nate Steck. Their initial response to the product was positive and the samples are now being evaluated by the Innovation Group at ConAgra.
On December 8, 2016, the Company met with the senior buyer for Bristol Farms grocery stores. Our meeting was very successful, and we can announce that Bristol Farms will become our 1 st retail grocery store customer. Bristol Farms is an independent grocery store chain in California focused on marketing to an affluent customer base. The Company has provided Bristol Farms everything required to complete the vendor certification process over the next 30 days. The buyer is preparing purchase orders for delivery of Nate’s Homemade Pancake and Waffle Batter to begin after February 1, 2017. The Company is currently setting up a schedule for in-store demonstrations at Bristol Farms stores in order to introduce customers to the great taste, convenience and simplicity of our product. The Company is confident that our relationship with Bristol Farms will open doors with other grocery chains and contribute significantly to the Companies growth during 2017.
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