BranchOut Food Soars on Latest Deal with Nation’s Largest Retailer

Shares in disruptive food technology company, BranchOut Food (Nasdaq: BOF) soared more than 80% in morning trading on Wednesday after the company announced it had inked a third deal with one of the nation’s largest retailers. BranchOut Food stated that the new commitment from the retailer, valued at $300,000 brings the total annualized value of its collaboration to over $8 million.

BranchOut Food’s dried fruit products are expected to enter 1,400 stores in September 2024.

“We are excited to announce BranchOut Food has signed its third contract with the nation’s largest retailer, highlighting our growing relationship. BranchOut’s private label offering is a key segment of our business and we are very pleased to be adding contracts with leading retailers across the country, adding long term value for stakeholders,” said BranchOut Food CEO, Eric Healy.

In February 2024, the company announced that it had expanded its relationship with the retailer, which has more than 4,000 locations nationwide, renewing its contract for two dried fruit private label products, and entering into a new contract for two additional dried vegetable private label products. Shipments are scheduled to begin in May 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 Twitter.

 

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BranchOut Food Soars on Latest Deal with Nation’s Largest Retailer

Catie Corcoran

Biotech Editor