Nate's Food Co. Secures Jet Fuel Purchase Order Valued at Nearly $5 Billion
NATE'S FOOD CO (NHMD)
NASDAQ:AMEX Investor Relations:
natesfoodco.com/investor-relations
Company Research
Source: GlobeNewswire
HUNTINGTON BEACH, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- via IBN – Nate's Food Co. (OTC: NHMD) announces that the company has successfully secured a purchase order for 49,000,000 barrels of jet fuel, with an estimated value of nearly $5 billion based on current Platts pricing. The deal is structured as follows: • An initial transaction of 1,000,000 barrels of jet fuel. • Subsequent monthly deliveries of 4,000,000 barrels for a duration of 12 months. This purchase order was made possible by our recent joint venture (JV) partnership that was announced last week. The partnership has enabled us to ensure a consistent and reliable supply of jet fuel from a reputable refinery, streamlining the entire process between our JV partner and our buyers. To guarantee the successful execution of this order, Nate's Food Co is currently engaged in several crucial activities: Authorization to Verify (ATV) from Tank Farm: We are actively working with our tank storage farm in Rotterdam to esta
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Sec Filings
- 2/12/24 - Form 8-K
- 1/29/24 - Form 8-K
- NHMD's page on the SEC website