Nate’s Food Co. Announces Export of 3 Million Cans To China

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.

The Chinese breakfast sector will grow by almost $15 billion over the next 4 years. Breakfast products, like pancakes and waffles, have become increasingly popular with consumers over the past decade. As China becomes increasingly globalized, consumer incomes and living standards are rising, especially amongst middle-class consumers. The consumption patterns of the middle class and Chinese youth have shifted towards a preference for westernized products, such as pancakes and waffles. The urban population is forecasted to reach nearly 1 billion by the end of the decade, which will further drive demand for bakery products, sales volumes of which will exceed 27 billion pounds by 2018.

About Nate’s Food Co.

Nate’s Homemade pancake and waffle batter are a ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Our pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day. With no preparation and no clean-up, we’ve made making breakfast easier for your busy mornings.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.

Contacts:Nate’s Food Co.Nate Steck(661) 418-7842info@nhmd.net

Nate’s Food Co.Nate Steck, (661) 418-7842info@nhmd.net

Nates Food (PK) (USOTC:NHMD)
Historical Stock Chart
From Apr 2024 to May 2024