BranchOut Food Inc. Signs LOI and receives $250K PO from Leading Ingredient Distributor, Definitive Agreement Targeting $5-6M in 2025 Ingredient Sales [Yahoo! Finance]
BranchOut Food Inc. (BOF)
Company Research
Source: Yahoo! Finance
Signed LOI with leading ingredient distributor, establishing immediate sales volume in the ingredient channel. Received an initial $250,000 purchase order alongside the LOI. Anticipating completing a Definitive Agreement in January with a minimum commitment of $5M in sales for 2025. New Peru factory's three production lines are now fully operational, offering the world's largest GentleDry™ capacity and positioned to disrupt the $36 billion freeze-dry market BEND, Ore., Dec. 05, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneer in GentleDry™ dehydration technology, has signed a Letter of Intent (LOI) with a leading distributor in the dried food ingredient sector. This partnership marks a significant step in BranchOut's strategy to capture substantial growth in the ingredient channel, with anticipated sales of $5-6 million in 2025 and expected growth in the years ahead. Along with the LOI, the ingredient distributor has issued an initial purchase order (PO
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BOF
News
- BranchOut Food Inc. Signs LOI and receives $250K PO from Leading Ingredient Distributor, Definitive Agreement Targeting $5-6M in 2025 Ingredient SalesGlobeNewswire
- BranchOut Food Third Quarter 2024 Earnings: US$0.19 loss per share (vs US$0.18 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- BranchOut Food Shareholder Update: Projects $15M Run Rate and Positive Cash Flow for Q1 2025 Amid Surge in New Orders as Peru Factory OpensGlobeNewswire
BOF
Sec Filings
- 12/13/24 - Form 8-K
- 12/12/24 - Form 4
- 12/11/24 - Form SC
- BOF's page on the SEC website