Nate's Food Co. (OTCPK:NHMD) entered into an agreement to acquire JP Energy Group LLC on September 19, 2023. As part of the consideration, Nate's food will issue 18 million common shares.

As an integral part of this transaction, all current members of the board of directors and officers will resign. Effective September 20, 2023, Marc Kassoff resigned from his position as an officer and director of Nate's Food. Nate Steck will continue to serve as an officer and director, playing a pivotal role in facilitating the smooth transition between Nate's Food and JP Energy Group and will resign upon closing on the agreement.

The transaction is subject to transfer of all rights to the sale of the sugar mentioned above to JP Energy Group and JP Energy Group securing the necessary financing for the sugar contract.