Cascade Dairy Holdings Inc (OTCMKTS:TBEV), formerly High Performance Beverage, shares were flat at $0.00010 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. It is a beverage company in the process of transitioning itself into the dairy production and value-added dairy processing industry.
In a press release, Cascade Dairy Holdings Inc announced the completion of its previously announced plans to acquire 51% controlling interest of Columbia Basin Dairy Holdings. They will start with an initial 60 cow dairy herd with monthly revenue expected to be approximately $22,032 or $264,384 per annum.
“Our acquisition of the controlling interest of Columbia Basin Dairy Holdings and the 60 cow dairy herd is positive progress for Cascade Dairy Holdings. Our herd will now be contracted to another milking operation, while we currently work on plans to acquire our own dairy operation,” said Cascade Dairy Holdings Inc CEO and President Ryan Coulston.
“I am also glad to report that within a very short period of time, we have demonstrated our ability to acquire revenue producing assets. However, this is just the first of a series of acquisitions we have targeted, which we believe, if completed, will allow us to substantiate Cascade Dairy Holdings, Inc. as a competitive player in the multi-billion dollar dairy industry,” he continued.
“We also want shareholders to have confidence that we are not contemplating any type of changes to the share structure of the Company in the form of any stock splits at this time. Our sole primary focus is to build our core operations through strategic acquisitions, the development of those operations, and multiple revenue streams,” Coulston concluded.
Coulston was appointed President and CEO a few months back. “We are pleased to bring our vision for dairy management and dairy value-added processing to High Performance Beverages Company. The new direction we intend to take the Company will create tangible value for shareholders and have a high impact in the rural economy where we operate by creating good paying full time employment,” he stated then.