BranchOut Food Announces Nation’s Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment
27 Juni 2024 - 2:00PM
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 million in sales and is three times
larger than the retailer’s original projection.
The retailer will offer the private label products in 3,430
stores across the nation, up from an original store count of
1,400.
“We are excited about the rapid pace of adoption and popularity
of BranchOut Food’s products, and very pleased to be increasing our
private label offering with this large, brand-name retailer,” said
Eric Healy, CEO of BranchOut Food. “Private label products are a
key segment of our business, and we are actively pursuing
opportunities for growth in this segment.”
BranchOut Food recently signed a purchase agreement for a fourth
Radiant Energy Vacuum (REV) machine, built by EnWave Corporation
(TSX-V: ENW | FSE: E4U). The machine will be installed at BranchOut
Food’s new, large-scale facility in Peru and will be used to meet
the rising number of new product requests from major retailers and
large brands.
About BranchOut Food Inc.
BranchOut Food is an international food-tech company delivering
truly great natural snacks and real superfood ingredients enabled
by its licensed dehydration technology. The company’s GentleDry
Technology is the next generation in dehydration technology,
preserving up to 95% of the original nutrition of fresh fruits and
vegetables. BranchOut’s technology is protected by more than 17
patents. BranchOut Food is proud to be a leading provider of
high-quality dehydrated fruit and vegetable-based products and its
commitment to quality and innovation sets it apart as a trusted
brand and private label supplier. For more information about
BranchOut Food Inc. and its products, please
visit www.branchoutfood.com and follow us
on LinkedIn and Twitter.
Forward-Looking StatementsThis 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. Forward-looking statements may be identified using
words such as "forecast," "intend," "seek," "target," "anticipate,"
"believe," "expect," "estimate", "plan," "outlook," and "project"
and other similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
Forward-looking statements with respect to the operations of
BranchOut Food, Inc., (the Company) strategies, prospects and other
aspects of the business of the Company are based on current
expectations that are subject to known and unknown risks and
uncertainties, which could cause actual results or outcomes to
differ materially from expectations expressed or implied by such
forward-looking statements. You are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Although it may voluntarily do so from time to
time, the Company undertakes no commitment to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
securities laws.
For more informationJeff RamsonPCG
Advisory646-863-6893jramson@pcgadvisory.com
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