CoinChamp, Inc. CEO Acquires Active Health Foods, Inc.
On October 11, 2021, Glen Bonilla acquired a controlling interest in Active Health Foods (OTC: AHFD) and was appointed President and CEO.
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Rhea-AI Summary
On October 11, 2021, Glen Bonilla acquired a controlling interest in Active Health Foods (OTC: AHFD) and was appointed President and CEO. Bringing his extensive banking and entrepreneurial experience, Bonilla aims to focus on mergers and acquisitions, particularly in tech and cannabis sectors. He emphasized the importance of protecting shareholders and preventing delisting. Bonilla expressed his commitment to creating an American comeback story, leveraging his success with CoinChamp, a platform recognized in Forbes.
Positive
- Glen Bonilla's acquisition ensures stability and prevents potential delisting of AHFD.
- Focus on aggressive M&A opportunities, particularly in the tech and cannabis sectors, may enhance future growth.
Negative
- None.
Details
News Market Reaction – AHFD
The recorded move for AHFD in the trading session of this news was +70.37%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Oct. 11, 2021 /PRNewswire/ -- Glen Bonilla is an experienced serial entrepreneur based in Downtown Los Angeles who has recently acquired a controlling interest in Active Health Foods, Inc. (OTC: AHFD). Glen comes from an extensive banking background with positions at Wells Fargo and high-level accounting positions with several notable microcap publicly traded companies. With years of managerial experience and a fresh vision as a tech savvy millennial CEO, he currently holds the President and CEO positions at CoinChamp.com, an online prediction platform available on the app store. His ability to build and conceptualize multiple startups awarded CoinChamp a showcasing in the Forbes 30 under 30 conference in Detroit in 2019. Glen is excited to bring several new opportunities to Active Health Foods with several target M&A opportunities in the pipeline. The Company anticipates that a merger with CoinChamps will likely be the first of several disruptive transactions. CoinChamp's official twitter handle is @coinchampapp.
Concurrent with Glen's acquisition of the super voting preferred of AHFD, he was appointed the President and CEO. Regarding his appointment, Glen said, "I'm very happy prior management was able to work with me to protect our shareholders and save the company from being delisted to OTC expert markets. Now we are going to aggressively focus on M&A primarily in the tech and cannabis sectors. I appreciate all of the positive support and loyalty from our shareholders. We all like an American comeback story that's a result of hard work and perseverance. I'm excited to be part of this journey."
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SOURCE CoinChamp, Inc.
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