Business
Natural Health Farm Holdings, Inc acquires majority stake in Australia’s Naturopathic and Homeopathic Manufacturer, PremaLife Australia Pty Ltd
Natural Health Farm Holdings, Inc acquires majority stake in Australia’s Naturopathic and Homeopathic Manufacturer, PremaLife Australia Pty Ltd.
About this update from Natural Health Farm Holdings Inc
[{"type":"text","content":"\nVegas, Nevada, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”) today announced that it has acquired 51% of the issued and outstanding shares of PremaLife Australia Pty Ltd trading as Natural Vitality Australia (“NVA”) and 60% of GGLG Properties Pty Ltd, the property where the company operates.\n Under the agreement, NHF Holdings shall acquire 51% of PremaLife Australia and 60% of the property under a share for share agreement where the current shareholders namely: Natural Health & Education Pty Ltd35 Kambea Pty LtdThe Gillard Family Trust Shall receive shares worth AUD 1,650,000 (approximately 1,218,000 US $) in Natural Health Farm Holdings Inc at the market price on closing date of December 3, 2018. Rob Molhoek, Director of NVA, said “ the acquisition of a majority stake of NVA by Natural Health Farm Holdings Inc is great news as it will provide a path forward including rock solid financing access for NVA, that will help the company grow and execute on its strategic business plan for Australia and globally.” Vernon Tee, President of Natural Health Farm Holdings added, “the acquisition of NVA fits our strategic vision of becoming the premiere one-stop nutraceutical biotechnology company with research & development, manufacturing, distribution, education and support. We are delighted how this all came together.” About PremaLife Australia Pty Ltd PremaLife Australia Pty Ltd is a manufacturer and supplier of functional foods and supplements, of practitioner only naturopathic and homeopathic medicines in Australia for more than 30 years. The company hosts regular educational webinars and seminars for practitioners to learn about the products. For more information: http://nva.com.au https://premalifeaustralia.com https://wonderfoods.com.au About Natural Health Farm Holdings Inc NHEL – is a Nevada based fully integrated nutraceutical biotechnology company offering clinically researched naturopathic products. Since November 2017 the company has developed and commercialized a proprietary web-based Naturopathic Learning Management System, that enables consumers and distributors to be educated on health-related aspects of various diseases. For further information, please visit www.nhf-holding...