Natural Health Farm Holdings, Inc. and BioDelta Terminate Acquisition Agreement


Vegas, Nevada, May 14, 2019 (GLOBE NEWSWIRE) -- Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”), a nutraceutical biotechnology company, reports that the previously announced term sheet to acquire a majority equity interest in Biodelta (Pty) Ltd (“Biodelta”) (see press releases dated March 6 and March 20, 2019) has been terminated.

Vernon Tee, President of NHF Holdings, commented, “Despite our extensive efforts and due diligence, we will not be able to complete a definitive agreement for the acquisition of BioDelta on terms mutually agreeable to all parties. While we are extremely disappointed with this outcome, NHF Holdings continues to pursue other value-enhancing opportunities for the Company and its shareholders.”

In connection with the now terminated acquisition, the Company paid a refundable deposit of US$160,000 to Biodelta. NHF Holdings anticipates issuing a demand letter for the immediate return of this deposit.

About Natural Health Farm Holdings Inc.

Natural Health Farm Holdings, Inc. (OTCQB: NHEL) is a Nevada-based fully integrated nutraceutical biotechnology company offering clinically researched naturopathic products and related services through healthcare practitioners and direct-to-consumers. Since 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. 

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