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Natural Health Farm to acquire fungi medicine developer Natural Tech R&D

Natural Health Farm Holdings Inc. will acquire medicinal fungi developer Natural Tech R&D Sdn. Bhd. for $1 million.

Under the agreement, Natural Health Farm will purchase all issued and outstanding shares of Malaysia-based Natural Tech R&D, a company that researches and develops medicines using fungi.

Natural Health Farm expects to complete an evaluation of the target company and close the transaction within 60 days.

Orlando, Fla.-based Natural Health Farm provides online nutritional consultation services and specializes in biotechnology research and development.