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BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment
Prism Media Wire· 2024-06-27 12:02
BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment BEND, Ore., June 27, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that the nation's largest retailer has increased the store count and overall projected sales of its third contract with BranchOut Food. The new third contract now has a value of approximately $1 mil ...
BranchOut Food Prices $1.4 Million Follow-On Public Offering
Prism Media Wire· 2024-06-27 00:50
Company Overview - BranchOut Food Inc. is a leading food technology company specializing in dehydrated fruit and vegetable-based products, protected by over 17 patents [11]. Offering Details - The company announced a public offering of 1,750,000 shares of common stock at a price of $0.80 per share, expecting gross proceeds of approximately $1,400,000 before underwriting discounts and commissions [3][4]. - The underwriters have a 45-day option to purchase up to 262,500 additional shares at the public offering price [3]. Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes, including operating expenses and capital expenditures [4]. Closing Information - The offering is expected to close on or about June 28, 2024, subject to customary closing conditions [9].
BranchOut Food Prices $1.4 Million Follow-On Public Offering
Newsfilter· 2024-06-27 00:46
BranchOut Food Prices $1.4 Million Follow-On Public Offering This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance ...
BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
Prism Media Wire· 2024-06-26 12:34
BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M BranchOut Food contracts with the retailer now total approximately $8 million in annualized revenue New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 BEND, Ore., June 26, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetablebased products, today announc ...
BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
Newsfilter· 2024-06-26 12:30
New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 Eric Healy, CEO of BranchOut Food, said, "We are excited to continue growing our relationship as a trusted partner to this large, brand-name retailer. In addition to the products shipped this month, the retailer has asked BranchOut Food to develop a number of additional flavored variations of the products that it will review for future opportunities. We look forward to potentially increasing our item count on shelves with t ...
BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market
Prism Media Wire· 2024-06-25 12:30
Core Insights - BranchOut Food Inc. is entering the industrial food ingredients market, which was valued at $335.32 billion in 2023 and is projected to reach approximately $511.33 billion by 2032, with a compound annual growth rate (CAGR) of 4.8% [5]. Company Overview - BranchOut Food is an international food-tech company specializing in dehydrated fruit and vegetable-based products, utilizing its proprietary GentleDry Technology that preserves up to 95% of the original nutrition of fresh produce [2]. - The company holds more than 17 patents for its dehydration technology, positioning itself as a leading provider of high-quality dehydrated products and a trusted private label supplier [2]. Market Strategy - The company plans to build an internal sales and marketing team to effectively pursue the industrial food ingredients channel [5]. - CEO Eric Healy emphasized the competitive advantage of BranchOut Food due to its proprietary technology and large-scale manufacturing facility in Peru, which allows for better quality control and cost management [5]. - The recent acquisition of a fourth EnWave radiant energy vacuum (REV) machine will enhance production capabilities to meet rising demand from major retailers [5]. Upcoming Events - BranchOut Food will showcase its products and services at the IFT FIRST annual expo in Chicago, IL, in July 2024, which aims to bring together professionals from the global food value chain [5].
BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market
Newsfilter· 2024-06-25 12:30
Industrial food ingredients expected to be a valuable additional commercialization channel About IFT Company to build out internal sales and marketing team to pursue new channel BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024 Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts of future events ...
U.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREs
Prism Media Wire· 2024-06-24 12:02
Core Insights - BranchOut Food Inc. has been selected by the U.S. Army for a field test of its innovative MRE products, specifically the Cinnamon Churro Banana Bites and potentially the Chili Lime Pineapple Chips, utilizing its GentleDry technology [1][3] Company Overview - BranchOut Food Inc. is a pioneering food technology company specializing in dehydrated fruit and vegetable-based products, with a commitment to high-quality, nutritious snacks [3][5] - The company’s GentleDry technology preserves up to 95% of the original nutrition of fresh produce, supported by over 17 patents [5] Product Development and Testing - The U.S. Army's Combat Capabilities Development Command (DEVCOM) has conducted successful shelf-life and sensory tests on BranchOut's products, leading to their selection for further field testing [3][4] - If successful in the field, each selected product could see a volume of approximately 1,500,000 units per year incorporated into MREs, with potential increases if multiple items are selected [3] Strategic Collaboration - The partnership with the U.S. Army aims to enhance the variety and enjoyment of MREs, focusing on delivering functional and appealing nutritional options for soldiers [3]
BranchOut Food Inc. Secures Fourth EnWave Dehydration Machine for New Peru Factory with $40M Production Capacity
Newsfilter· 2024-06-17 12:00
BEND, Ore., June 17, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced it has signed a purchase agreement for a 10kW Radiant Energy Vacuum (REV) machine, built by EnWave Corporation (TSXV:ENW, FSE: E4U))). The machine will be installed at BranchOut Food's new, large-scale facility in Peru and will be used for R&D, rapid product development and production scale-up in response to new produ ...
BranchOut Food Successfully Completes Key Tests with U.S. Army, Advancing MREs with GentleDry Technology
prismmediawire.com· 2024-05-28 12:02
BranchOut Food Successfully Completes Key Tests with U.S. Army, Advancing MREs with GentleDry Technology Live troop field tests mark the final phase in integrating GentleDry technology into military rations BEND, Ore., May 28, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, has completed a successful shelf-life test through a strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) t ...