HUNTINGTON BEACH, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- via IBN -- Nate's Food Co. (OTC: NHMD), a leading Bitcoin mining company, announced today that it will issue a quarterly cash dividend to its shareholders. The Company expects to announce additional quarterly dividends shortly.
The dividend will be payable in cash and will be distributed to shareholders in accordance with the Company's dividend policy. "We are delighted to announce this dividend payout to our shareholders, reflecting the success of our Bitcoin mining operations," said Nate Steck, CEO of Nate's Food Co. "Our team has worked tirelessly to build out our Bitcoin mining facility, and we remain committed to growing our Bitcoin mining operation and providing value to our shareholders. We are optimistic about the future of Bitcoin and are confident that our ongoing investments in our business will continue to yield strong results."
The cash dividend payout will be made on September 30, 2023, to shareholders of record as of August 31, 2023. Shareholders are advised to contact their brokerage firm or other financial intermediary for additional information regarding the dividend payout. More information can be found on the Company's 8-K filed with the SEC at https://www.sec.gov/ix?doc=/Archives/edgar/data/1409446/000164033423001256/nhmd_8k.htm
About Nate's Food Co.
The Company operates two divisions: (1) Food development and distribution and (2) bitcoin mining. The Company's focus is the development of food products for distribution in wholesale membership stores and into retail grocery stores. The Company also operates a bitcoin mining division as a hedge against inflation.
Additional information is available by visiting the Company's website at www.natesfoodco.com/ or on twitter at https://twitter.com/natesfoodco.
Revenue related calculations. Please note that the Company believes that any 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 number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs. You can view update information on Bitcoin Mining by visiting https://alloscomp.com/bitcoin/calculator.
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, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to 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, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
For more information:
Nate's Food Co.
Email: nate@nateshomemade.com
Phone: (949) 341-1834
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