Active Health Foods, Inc. cancelled the acquisition of Bioidentical Hormones Inc.
Active Health Foods, Inc. (OTCPK:AHFD) cancelled the acquisition of Bioidentical Hormones Inc. on October 13, 2022. It was an express condition of the purchase agreement that Active Health Foods, Inc. implement a reverse-split of its shares and then issue 70,000,000 post-split shares to the Bioidentical Hormones Inc. shareholders. Active is not able to receive regulatory approval having not filed its 12/31/2014 annual report or any quarterly reports in 2015 pursuant to Section 12 of the Exchange Act to implement the aforesaid reverse-split of its shares and therefore the parties have terminated their agreement.