Nate’s Food Co. (OTC: NHMD) today announced that it has successfully secured a purchase order for 49,000,000 barrels of jet fuel, with an estimated value of nearly $5 billion based on current Platts pricing. The initial transaction was for 1,000,000 barrels with subsequent monthly deliveries of 4,000,000 barrels of jet fuel for a duration of 12 months. The order was driven by Nate’s recent joint venture (“JV”) partnership, announced last week, which has enabled the company to ensure a consistent and reliable supply of jet fuel from a reputable refinery. The JV streamlines the entire process between Nate’s JV partner and its buyers.
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About Nate’s Food Co.
Nate’s is a dynamic and forward-thinking company dedicated to providing high-quality solutions to its clients, with a strong focus on the commodity business.
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