UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 10, 2024
NATE’S FOOD CO. |
(Exact name of registrant as specified in its charter) |
Colorado
(State or other jurisdiction of incorporation)
000-52831 |
| 46-3403755 |
(Commission File No.) |
| (IRS Employer Identification No.) |
15151 Springdale Huntington Beach, California 92649 |
(Address of principal executive offices) (zip code) |
(949) 381-1834 |
(Registrant’s telephone number, including area code) |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, Par Value $0.0001 | NHMD | OTC |
Item 8.01 Other Information.
On January 10, 2024, the Company announced a joint venture agreement with a jet fuel allocation holder. Under the joint venture, the company has the right to sell up to 8 million barrels of jet fuel a month. The Company sells the fuel at a price based on the S&P’s Platts Benchmark, which on January 10, 2024, was $110.14 (North American benchmark) per barrel. The joint venture discussion began in early December 2023, as disclosed in our previous 8-K filings. The joint venture agreement was agreed upon with Omni Commodities, our wholly owned subsidiary.
With the joint venture agreement in place, the company can now engage directly with buyers as the seller of the allotted jet fuel, up to 8 million barrels a month (which can be increased based on demand). The Company has established a network of buyer's agents who we are currently in discussions with to promptly initiate the sales process for the aviation fuel supply under this joint venture agreement.
Additionally, the Company has secured a tank farm in Houston, Texas and Rotterdam, Netherlands and is able to obtain the required tank storage agreements. The tank storage agreement enables us to close on the acquisition of fuel from our Joint Venture partner by moving the fuel to tanks leased by the Company. This also allows the Company the option to have our buyers to take over our fuel tank to streamline the overall sales transaction.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No. |
| Description |
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* Filed herewith
| 2 |
The information in this Current Report on Form 8-K with respect to Item 8.01 and the Exhibit filed under 9.01 is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K will not be deemed an admission as to the materiality of any information contained herein.
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.
Dated: January 11, 2024 | Nate’s Food Co. |
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| By: | /s/ Nate Steck |
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| Name: | Nate Steck |
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| Title: | CEO |
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EXHIBIT 9.1
Nate's Food Co. Announces A $8 Billion Aviation Fuel Joint Venture Agreement
Huntington Beach, CA January 10, 2024 - Nate's Food Co (OTC: NHMD) is thrilled to announce a groundbreaking joint venture agreement for the sale of $8 billion in aviation fuel. This collaboration, meticulously developed since December 2023, not only underscores the company's strategic position in the energy and commodities market, but also highlights the critical importance of securing a consistent monthly supply of aviation fuel. While securing buyers for commodities is commonplace, Nate's Food Co's emphasis is on securing a consistent monthly supply which is a crucial factor for contributing to sustained success.
This joint venture involves a direct collaboration with a highly regarded refinery allotment holder, ensuring us a reliable monthly allotment of up to 8 million barrels of aviation fuel. This remarkable commitment translates into an annual supply of 96 million barrels, significantly bolstering the company's growth trajectory and establishing a prominent presence in the aviation fuel sector.
Nate's Food Co's CEO, Nate Steck expressed his enthusiasm for this pivotal partnership, stating, "This joint venture represents a remarkable achievement for the Company as we solidify our position in the aviation fuel market. The ability to maintain a consistent and substantial supply of jet fuel empowers us to efficiently meet our clients' needs and ensures our sustainable growth within the industry."
The company's next strategic step is to obtain its fuel storage tanks in Rotterdam, Netherlands and Houstin, Texas. We have made substantial progress in this regard, as our Joint Venture partner has introduced us to tank farms, and we are in the process of securing a tank storage agreement with a tank farm. The tank storage agreement enables us to purchase fuel from our Joint Venture partner and distribute it within our extensive buyer network.
The Company can potentially increase the monthly allotment under the joint venture to meet any surging demand. The company plans to leverage this newly secured supply chain to cultivate and engage potential buyers for aviation fuel as part of the joint venture.
Nate's Food Co has already established a vast network of buyer's agents who will promptly initiate the sales process for the aviation fuel supply under the joint venture agreement. The company's unwavering commitment to delivering top-quality fuel and its ability to foster robust relationships within the industry sets a promising stage for this endeavor.
About Nate's Food Co (OTC: NHMD): Nate's Food Co is a dynamic and forward-thinking company dedicated to providing high-quality solutions to its clients, with a strong focus on the commodity business.
Please note that certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services, or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions, and all statements that are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no obligation to update the forward-looking statements contained in this press release.
Please be aware that while the Company believes that its revenue-related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to a number of business-related factors.
For more information: Nate’s Food Co.
Email: nate@nateshomemade.com
Phone: 650-222-5141
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