BranchOut Food Purchases Third EnWave Machine to Meet Increasing Demand from US Retailers

Leading food technology company, BranchOut Food (Nasdaq: BOF) has expanded its partnership with EnWave Corporation with the purchase of a third large-scale EnWave dehydration machine. The addition is strategically aimed at expanding its new facility in Peru, which the company says has an estimated $40 million in production capacity with 40-50% estimated gross margins. The company’s share price climbed in morning trading following the news.

BranchOut Food CEO, Eric Healy, said the machines will be instrumental in servicing the significant orders received by the company, including approximately $8 million from the nation’s largest retailer, $1.1 million from the nation’s largest warehouse club, and other potential customers in the pipeline.

“This expansion is a key element of our growth strategy, enabling us to scale our operations and capture additional market share. By integrating the NutraRev System into our lineup, we are not only poised to meet increasing demand but also to enhance our operational efficiency significantly. This positions us to lead in the production of high-quality ingredients and snacks, reflecting our unwavering commitment to innovation and excellence in the food industry,” said Mr. Healy.

This expansion will position BranchOut as one of the largest Radiant Energy Vacuum (REV™) installations globally and the largest in Latin America. The company expects operations to commence at its 50,000 square foot facility in Peru in Q3 2024.

 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 Instagram.

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BranchOut Food Purchases Third EnWave Machine to Meet Increasing Demand from US Retailers

Catie Corcoran

Biotech Editor