BranchOut Food estimated to finish year at $8 million in Net Revenue Net Revenue for 1st half 2024 up over 640% from revenue in 1st half 2023 The Company estimates $5 million in Revenue for 2nd half of 2024, double that of the same period last year, to finish 2024 near $8 million Opening new production facility in Peru with about $40 mm in capacity with first production anticipated in October Completed combined financing of $5.4 million in June and July 2024 to finance completion of new...
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BranchOut Food Inc. Announces $3.925M CEO-led Investment Including an Insider PIPE and Convertible note
The combined $3.925M and recently completed $1.4M public offering positions the company to complete the construction of its Peru factory and achieve profitability with its current customer pipeline BEND, Ore., July 23, 2024 -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of a $525,000 investment in company led by its CEO, Eric Healy, who invested $400,000, with Eagle Vision Fund...
BranchOut Food Announces Closing of $1.4 Million Follow-On Public Offering
BEND, OR, June 28, 2024 - BranchOut Food Inc. (NASDAQ: BOF), (“BranchOut” or the “Company”), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately...
BranchOut Food Announces Nation’s Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment
New private label dried fruit products expected to enter 3,430 stores in 2024 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 million in sales and is three times larger...
BranchOut Food Prices $1.4 Million Follow-On Public Offering
BEND, OR, June 26, 2024 - BranchOut Food Inc. (NASDAQ: BOF) (“BranchOut” or the “Company”), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the pricing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be...
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 vegetable-based products, today announced it has shipped the first production of the new products that will be launched nationwide in July 2024 by the nation’s largest retailer....
BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market
Industrial food ingredients expected to be a valuable additional commercialization channel 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 BEND, Ore., June 25, 2024 -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced that it will enter the industrial food ingredients market as...
U.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREs
Cinnamon Churro Banana Bites and Chili Lime Pineapple Chips—Both Made with GentleDry Technology—Excelled in Recent Shelf Life and Sensory Tests BEND, Ore., June 24, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, is taking the next step in its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance Meals Ready-to-Eat (MRE) through its proprietary...
BranchOut Food Inc. Secures Fourth EnWave Dehydration Machine for New Peru Factory with $40M Production Capacity
Radiant Energy Vacuum machine will be used in R&D and rapid product development to meet the needs of major retailer demands BEND, Ore., June 17, 2024 -- 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 (TSX-V: ENW | FSE: E4U). The machine will be installed at BranchOut Food’s new,...
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) to enhance Meals Ready-to-Eat or MREs utilizing BranchOut Food’s proprietary GentleDry...
BranchOut Food Inc. Secures Third EnWave Dehydration Machine; Announces $40M Production Capacity with New Peru Facility
BEND, Ore., May 24, 2024 - 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,...
BranchOut Food Inc. Announces Record First Quarter 2024 Results, Gross Margin Increased to 19%, On Track for ~$8M Run Rate
Achieved a 1,407% revenue increase to $1.47 million in Q1 2024. Increased gross margin to 19% in Q1 2024, up from -3% last year. Secured $8 million in recurring revenue plus $1.1 million in rotational retailer commitments. BEND, Ore., May 15, 2024 - PRISM MediaWire - BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced its recent accomplishments and financial results for the first quarter ended March...
BranchOut Food Secures Large Scale Production Facility in Peru Capable of $40M in Production Capacity; Estimated 40-50% Gross Margins
Build out to begin immediately, with production expected to commence in the third quarter BEND, Ore., May 14, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has signed a long term lease for a 50,000 square foot production facility in Peru. Under the terms of the agreement, BranchOut Food has the first right to purchase the facility at a fixed price at any point during the...
BranchOut Food Announces Third Contract with Nation’s Largest Retailer, to Total $8M in Annualized Revenue
New commitment valued at $300,000 brings total annualized value to over $8M BranchOut Food’s dried fruit products expected to enter 1,400 stores in September 2024 BEND, Ore., April 24, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced it has expanded its existing relationship with the nation’s largest retailer. The new agreement brings the total annualized value of commitments from the...
BranchOut Food Strengthens Financial Position with Successful Sale of Senior Secured Promissory Notes and Warrants
Transaction supports Company’s continued execution of its product roadmap and capital expenditures for new equipment BEND, Ore., April 17, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a food technology company and maker of dehydrated fruit and vegetable-based products, today announced that it has completed the sale of $225,000 of Senior Secured Promissory Notes ("Notes") and Warrants to purchase an aggregate of 56,250 shares of the Company’s common stock. Each Warrant is exercisable for a...
BranchOut Food Announces 2023 Financial Results Ending Year at a $6.4M Run Rate with Current Commitments of $9.0M in Annualized Sales for 2024
2023 net revenue of $2.83M, up 276% versus prioryear due to major retailer engagements BEND, Ore., April 02, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced its recent accomplishments and financial results for the fourth quarter and year ended December 31, 2023. Eric Healy, CEO of BranchOut Foods, said, “We are very pleased with BranchOut Food’s significant...
BranchOut Food to Debut New Products at Natural Products Expo West
Natural Products Expo West showcases trending products for retailers stocking stores shelves nationwide BranchOut Food will launch two new products lines including Salad Toppers and Kids’ Snack Packs BEND, Ore., March 13, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it will debut a brand refresh and launch two new product lines at its exhibit at the Natural Products Expo West,...
BranchOut Food Significantly Expands Relationship with Nation’s Largest Warehouse Club with New Orders Adding ~$900,000 in Q3 of 2024
After exceptional sales in the California regions, BranchOut expands into 7 more states Several additional regions now reviewing BranchOut Food’s products due to exceptional sales BEND, Ore., February 26, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has broadened its existing relationship with the nation’s largest warehouse club following exceptional sales of its popular...
BranchOut Food Expands Relationship with Nation’s Largest Retailer, Valued at an estimated $7.6M Annually
BEND, Ore., February 12, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has expanded its relationship with the nation’s largest retailer. The new agreement is valued at an estimated $7.6 million annually. BranchOut has renewed its contract with the retailer for two products and entered into a new contract for two additional products. The company received a 12-month contract...
PRISM MarketView Highlights BranchOut Food as Company Reaches Revenue Records
New York, N.Y. February 8, 2024 - PRISM MarketView, a leading provider of unbiased market insight and company news, today highlights BranchOut Food (NASDAQ: BOF), a pioneering food technology company with a smart growth strategy that is helping it achieve new revenue records each quarter. BranchOut Food Inc. is a snack food company with a difference. The company produces dehydrated fruit and vegetable-based products using a disruptive technology known as GentleDry, that enables the company to...
PRISM CEO CORNER – Eric Healy, BranchOut Food – Reaching Record Revenues with Disruptive Food Technology
New York, February 7, 2024 - Consumer demand for healthier and more sustainable food options is on the rise in the US. According to the World Economic Forum, around 50% of Americans say they are actively trying to make healthy eating choices, but a culture of snacking may be getting in the way of the best intentions. This year alone, the US snack food market is valued at more than $108 billion. BranchOut Food Inc. (NASDAQ: BOF), is a snack food company with a difference. Its fruit and...
BranchOut Food Successfully Completes Part of Strategic Collaboration with U.S. Army to Revolutionize MREs with GentleDry Technology
Shelf life testing of BranchOut snacks expected to be completed in March 2024 BEND, Ore., January 31, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has successfully completed a part of its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance MREs (Meals Ready-to-Eat) through the implementation of the BranchOut Food's...
BranchOut Announces Preliminary Q4 2023 Revenue of ~$1.6 Million, 43% Sequential Growth Over the Previous Quarter; Revenue Now at ~$6.4 Million Annual Run Rate
Continued Product Line Expansion and Customer Launches Expected to Generate Strong Revenue Growth in 2024 BEND, Ore., January 22, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced preliminary gross revenue for its fourth quarter ended December 31, 2023. Preliminary Q4 2023 gross revenue reached approximately $1.6 million, outpacing Q3 2023 gross revenue of $1.1 million by 43%, and full...
BranchOut Food Launches in the Bay Area Region of the Nation’s Largest Warehouse Club
Disruptive food tech strategically enhances value for shareholders through new deals BEND, Ore., January 16, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, is expanding its partnership with the nation’s largest Club Warehouse Retailer, adding its popular Pineapple Chips to the Bay Area region, following previous success in the Southern California region. The placement comes on the heels of strategic...
BranchOut Food Closes $400,000 Senior Secured Loan
Refinances existing $200,000 loan due in January 2024 and provides working capital for customer orders BEND, Ore., January 11, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a food technology company and maker of dehydrated fruit and vegetable-based products, today announced that the Company has closed on a $400,000 Senior Secured Loan from an investor group that includes Eagle Vision Fund LP. Eagle Vision Fund LP is a current stockholder in Branchout Food and its Managing Member is a...
BranchOut Food Engages PCG Advisory to Expand Investment Outreach
Pioneering food tech grows contracts with warehouse grocery leaders BEND, Ore., January 10, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a disruptive food technology company and producer of dehydrated fruit and vegetable-based products, has engaged PCG Advisory, Inc., a leading firm specializing in investor relations and digital strategies, to act as an advisor for investor relations and strategic communications. PCG Advisory will collaborate closely with the senior management team at BranchOut...