BranchOut Food Inc. Secures Third EnWave Dehydration Machine; Announces $40M Production Capacity with New Peru Facility [Yahoo! Finance]
BranchOut Food Inc. (BOF)
Company Research
Source: Yahoo! Finance
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 NutraRev System is expected to bolster BranchOut's capabilities across different product lines. These machines will be instrumental in servicing BranchO
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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
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- 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