Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”), a nutraceutical biotechnology company, is pleased to announce that the Company has executed an agreement to acquire all issued and outstanding shares of Natural Health Farm, Inc (“NHF Inc.”), a distributor of naturopathic and nutraceutical products in North Carolina and throughout the East Coast of the United States.
Under terms of the agreement, NHF Holdings shall acquire 100% of the outstanding shares of NHF Inc. in exchange for US$30,000 in shares of NHEL common stock, based on the closing share price on March 11, 2019.
Founded in 2010, NHF Inc. is a North Carolina company established to import naturopathic and nutraceutical products from reliable suppliers in South East Asia and distribute to naturopathic practitioners and retail outlets in North Carolina and throughout the East Coast of the United States. NHF Inc. was founded by Ms. Judy Lee, a director of NHF Holdings.
Vernon Tee, President of NHF Holdings, commented, “The acquisition of NHF Inc. is a small but very important acquisition because it will enable NHEL to rapidly enter the U.S. marketplace and better position Judy to build a strong team to grow organically and through additional strategic acquisitions.”
Judy Lee, NHF Inc. President and Chief Executive Office, stated, “I first started NHF Inc. because I am truly passionate about naturopathic alternative medicines and their many benefits. Following the acquisition of NHF Inc. by NHEL, we can now shape that passion into a dynamic business focused on benefiting U.S. consumers with high quality and reliable nutraceutical products manufactured and distributed by NHEL and its partners from around the world. I am excited for the opportunity to bring many of these products to the United States for the very first time.”
About Natural Health Farm Holdings Inc.
Natural Health Farm Holdings, Inc. (OTCQB: NHEL) is a Nevada-based fully integrated nutraceutical biotechnology company offering clinically researched naturopathic products and related services through healthcare practitioners and direct-to-consumers. Since 2017, the Company has developed and commercialized a proprietary web-based Naturopathic Learning Management System that enables consumers and distributors to be educated on health-related aspects of various diseases.
For further information, please visit www.nhf-holdings.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbors created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.