Business
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 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF),
About this update from Branchout Food Inc.
[{"type":"text","content":"New private label dried fruit products expected to enter 3,430 stores in 2024\nBEND, Ore., June 27, 2024 (GLOBE NEWSWIRE) -- 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 ...