Experienced serial entrepreneur based in Los Angeles, Glen Bonilla, recently acquired a controlling stake in Active Health Foods (OTCMKTS:AHFD).
Having a significant banking background with high-level accounting positions including a stint at Wells Fargo, Glen has been noteworthy microcap companies too. As a tech-savvy millennial CEO, he is currently the CEO and President at CoinChamp.com, a portal predicting platform, which is on the app store. Glen is capable of building and conceptualizing several startups and this was evident as CoinChamp made the CEO a part of Forbes 30 under 30 conference in Detroit in 2019.
The CEO is keen on bringing a number of opportunities including M&A opportunities for Active Health Foods. The firm is hoping that a merger with CoinChamps will be the first of the number of disruptive transactions.
Along with Glen’s acquisition of preferred voting of Active Health Foods, he was given the responsibility of being the CEO and President of the firm.
Glen said that he is delighted on the preceding management working with him on protecting shareholders by saving the company from delisting on OTC expert markets. He added that the company will be aggressively focusing on M&A especially in the cannabis and tech sectors. Furthermore, Glen expressed gratitude on support and loyalty from shareholders and said that the comeback story is a result of the hard work.
Market Reaction:
On Monday, AHFD jumped 170% at $0.0027 with more than 2.01 billion shares, compared to its average volume of 119.77 million shares. The stock has moved within a range of $0.0011 – 0.0027 after opening the trade at $0.0012.
