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Thunder Energies Corp. reports corporate-status developments tied to its OTC-traded common stock, asset liquidation, shareholder distributions, and voluntary delisting plans. The company has described its operating focus as real estate development after a transition from a prior CBD hemp business, while recent updates have centered on Webstar Technology Group share dividends to eligible shareholders and steps toward withdrawing its securities from public-market registration.
Thunder Energies Corporation (TNRG) announced a reverse acquisition of Nature Consulting, Inc., which has generated $7.4 million in revenue since its founding in February 2019. The deal, finalized on August 14, 2020, resulted in Nature Consulting becoming a wholly-owned subsidiary of TNRG, with Yogev Shvo assuming the role of Chairman. The acquisition marks a strategic move to position TNRG in the growing CBD market, leveraging Nature Consulting's established network and sales growth, which rose from $2.2 million in 2019 to $5.2 million in 2020.