So Wade gave up the debt to try and pump the pancakes which were another failure along with his CBD from a third related company. More comical by the month the web of deception!!
Since April 24 th , 2016, the Company has been in negotiations with large manufacturing concern regarding a licensing agreement for Nate's Pancake and Waffle Batter. On May 18 th , 2016, the Company signed a Letter of Intent outlining the terms of the 10 year licensing agreement. Although it has now been just over 90 days, the Company is still actively engaged in the final negotiations of the contractual terms and provisions. Numerous complex details have already been addressed, but several issues still remain, including matters related to the licensee co-packing Nate's Pancake and Waffle Batter for the Company. The Company anticipates significant costs reductions will be available by taking advantage of the facilities of the licensee for co-packing services. The Company expects the negotiations will be completed in the coming weeks. The licensee still plans to begin production within 120 days of final execution. The Company anticipates the royalties received from the sale of the licensee's product will significantly contribute to the Company's revenue.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Nate's Food Co.
Dated: August 18, 2016. By: /s/ Nate Steck
Name: Nate Steck
Title: CEO
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On February 25, 2017, the Company began discussions to exclusively license and private label a breakfast product that has previously generated $20 million in sales. The product has been sold in over 3,000 stores including CostCo, WalMart, and Target. The Company is expecting to complete the license agreement within the next two weeks. Once the agreement is in place and a new label has been approved, the Company can begin selling the product into grocery stores and box stores throughout the United States.
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