Stake Takes Over Northern Food

Stake Takes Over Northern Food

NORVAL, Ontario--Jeremy Kendall, chairman and chief executive officer (CEO) of Stake Technology Ltd. and Dennis Anderson, chairman and CEO of Northern Food & Dairy Inc., signed a Letter of Intent under which Stake Technology Ltd. would acquire 100 percent of the common shares of Northern Food & Dairy Inc. through a share exchange."We now touch every part of soy production, from SunRich's organic seeds through soy bean purchasing, testing and processing to the production and packaging of soy milk," Kendall said. A special Stake Technology shareholder meeting was called for Aug. 18 to seek approval for this transaction. For more information, visitwww.staketech.com.