Active Health Foods Inc (OTCMKTS:AHFD) the maker firm of organic 100% organic certified and natural “Active X” Energy Bars and flavored sugar free beverage finalized a series of financing deals with Blackbridge Capital, LLC, a pioneering New York based hedge fund. The proceeds from the financing deals will be utilized to complete the planned merger, expected to be settled in almost 45 days.
The management speaks
John Griffin, the CEO of Active Health, said that the management is delighted to finalize the deals with the Blackbridge Capital, LLC. It becomes particularly important at this time when the company enters into transition phase and prepares for planned merger. The recent association will help Active Health to get the financing expertise in the coming period that is deemed essential to expand the brands.
Alexander Dillon, the Managing Partner and Co-Founder of Blackbridge Capital said that the hedge fund is thrilled to associate with Active Health and continue to support its expanding business operations. The team is indeed a health conscious fund and is delighted to include another renowned brand to its existing portfolio. With the addition of Griffin to the expert management team, Blackbridge feel confident in capitalizing the company’s goal to create a popular brand of unique natural food products. The team will also help company in future merger activities.
The profile
Active Health Foods Inc (OTCMKTS:AHFD) is a producer of delicious, unique and amazing Kosher certified, 100% Natural, 100% Organic, nutritious and healthy alternatives to the fast food options across America. Its brands include flavorful and moist snacks named as Active X Energy Bars, and “Sugar Free” drinks in a multitude of flavors.
In last trading session, the stock price of Active Health declined more than 14% to close the trading session at $0.00060. The decline came at a share volume of 141.26 million compared to share volume of 89.27 million.
