GREENFIELD FARMS FOOD CLARFIES PRESS RELEASE DATED JULY 21, 2017 REGARDING INSURANCE SYNDICATION
July 24 2017 - 9:00AM
InvestorsHub NewsWire
WEST PALM BEACH, FL -- July 24, 2017 -- InvestorsHub NewsWire --
Greenfield Farms Food, Inc. ("GRAS" or the "Company") (OTCPink:
GRAS) announced completion of an asset purchase agreement - not
a merger - of Cherry Hill Financial LLC. In the transaction, GRAS
acquired 100% of Cherry Hill's membership interest and the
agreement called for GRAS to divest itself of its then existing
operations and restructure its debt. It was that obligation and not
the underlying asset purchase that was delayed. After negotiations
over the weekend, management of GRAS is pleased to announce that
the divestiture and restructuring of debt is now completed. GRAS
looks forward to profitable operations in the insurance syndication
space, as originally contemplated. We apologize for any confusion
occasioned by the press release of July 21, 2017.
About Greenfield Farms Food, Inc.
Greenfield is a publicly-traded nominally capitalized company
operating through its wholly-owned subsidiary Carmela's Pizzeria
CO, Inc. through the Carmela's Pizzeria Dayton restaurant locations
that include pizza buffets, alcohol service, delivery and carry-out
depending on the location.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that
are made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, they are based on management's
current beliefs and assumptions as to future events. However, since
the company's operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
Contact Information:
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Greenfield Farms Food, Inc.
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(513) 602-3268
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