Greenfield Farms Food, Inc. (OTCPK:GRAS) entered into a non-binding letter of intent to acquire Carmela's Pizzeria on January 4, 2013. As on February 12, 2013, Greenfield Farms Food, Inc. entered into a definitive agreement to acquire Carmela's Pizzeria in Greenfield common stock and warrants. Completion of this transaction was subject to, among other things, further due diligence, negotiation and execution of definitive agreements, completion of audited financial statements, and any Board of Director and/or stockholder approvals as necessary.

As of May 23, 2013, the closing of the transaction has been scheduled for June 5, 2013. As of June 7, 2013, Greenfield Farms announced that the closing of the transaction has not been finalized yet and requires additional time. As on July 15, 2013, final amendment to the definitive agreement has been signed by Carmela's Pizzeria and Greenfield Farms. The parties have begun the closing process and are moving expeditiously toward a closing date. As reported on August 1, 2013, Greenfield Farms Food and Carmela's Pizzeria are in the final stage of completing the closing for the acquisition transaction between the two companies. Each party is diligently working to complete the documentation and regulatory filings necessary to effectuate the closing and have set an accounting closing date of July 31, 2013.