BranchOut Food Inc. Secures Third EnWave Dehydration Machine; Announces $40M Production Capacity with New Peru Facility
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BranchOut Food Inc. (BOF)
Company Research
Source: GlobeNewswire
BEND, Ore., May 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the expansion of its agreement with EnWave Corporation (TSX-V: ENW | FSE: E4U). As part of this enhanced partnership, BranchOut has purchased its third large-scale EnWave dehydration machine. This addition is strategically aimed at expanding its new facility in Peru, with operations anticipated to commence in Q3, ultimately completing an estimated $40M in production capacity with 40-50% estimated gross margins. The newly acquired 100kW NutraRev System, distinct from the two QuantaREV systems previously purchased, is designed to enhance throughput and improve margins, particularly in the B-to-B ingredient space. BranchOut currently operates a 60kW QuantaREV and has committed to a larger 120kW QuantaREV, both primarily aimed at branded and private label snackproducts. The addition of the NutraR
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News
- BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M [Yahoo! Finance]Yahoo! Finance
- BranchOut Food Ships First Production of New, Innovative Products to Nation’s Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8MGlobeNewswire
- BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market [Yahoo! Finance]Yahoo! Finance
- BranchOut Food Enters the $300 Billion Industrial Food Ingredients MarketGlobeNewswire
- U.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREs [Yahoo! Finance]Yahoo! Finance
BOF
Sec Filings
- 6/24/24 - Form FWP
- 6/24/24 - Form S-1/A
- 6/24/24 - Form FWP
- BOF's page on the SEC website