WEST PALM BEACH, FL / ACCESSWIRE / July 24, 2017 / Greenfield Farms Food, Inc. ("GRAS" or the "Company") (OTC PINK: GRAS) announced the completion of an asset purchase agreement - not a merger - of Cherry Hill Financial LLC. In the transaction, GRAS acquired 100% of Cherry Hill's membership interest and the agreement called for GRAS to divest itself of its then existing operations and restructure its debt. It was that obligation and not the underlying asset purchase that was delayed. After negotiations over the weekend, management of GRAS is pleased to announce that the divestiture and restructuring of debt are now completed. GRAS looks forward to profitable operations in the insurance syndication space, as originally contemplated. We apologize for any confusion occasioned by the press release of July 21, 2017.
About Greenfield Farms Food, Inc.
Greenfield is a publicly-traded nominally capitalized company operating through its wholly-owned subsidiary Carmela's Pizzeria CO, Inc. through the Carmela's Pizzeria Dayton restaurant locations that include pizza buffets, alcohol service, delivery and carry-out depending on the location.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
Contact Information:
Greenfield Farms Food, Inc.
(513) 602-3268
SOURCE: Greenfield Farms Food, Inc.