Business
Laird Superfood Announces Acquisition of Terrasoul Superfoods and Additional $60 Million Convertible Preferred Equity Investment from Nexus Capital
BOULDER, Colo., April 21, 2026--Laird Superfood, Inc. (NYSE American: LSF) ("Laird Superfood" or the "Company") today announced that it has completed the acquisition of Terrasoul Superfoods, LLC ("Terrasoul Superfoods" or "Terrasoul"), a vertically integrated superfoods brand for $48.0 million in cash, subject to customary purchase price adjustments, with an additional earnout of up to $5.0 million payable in cash if certain performance-based milestones are achieved (the "Terrasoul Acquisition")
About this update from Laird Superfood, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":271,"url":"https://media.zenfs.com/en/business-wire.com/72c17e03ac3a4ae9ae033d82eb73cd74"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/t5BPSiBdG.EceWeRm9WQEg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0Mg--/https://media.zenfs.com/en/business-wire.com/72c17e03ac3a4ae9ae033d82eb73cd74","width":480,"height":271}},"lazy":false},{"type":"text","content":"BOULDER, Colo., April 21, 2026--(BUSINESS WIRE)--Laird Superfood, Inc. (NYSE American: LSF) ("Laird Superfood" or the "Company") today announced that it has completed the acquisition of Terrasoul Superfoods, LLC ("Terrasoul Superfoods" or "Terrasoul"), a vertically integrated superfoods brand for $48.0 million in cash, subject to customary purchase price adjustments, with an additional earnout of up to $5.0 million payable in cash if certain performance-based milestones are achieved (the "Terrasoul Acquisition"). For the fiscal year ended December 31, 2025, Terrasoul generated unaudited Net Sales of approximately $65.8 million.","length":685,"tagName":"p"},{"type":"text","content":"The Terrasoul Acquisition was funded through a concurrent private placement of $60 million of Series A Convertible Preferred Stock to affiliates of Nexus Capital Management LP ("Nexus") that was previously committed under Laird Superfood’s investment agreement with Nexus, which was approved by the Company’s stockholders on March 12, 2026 in connection with the Navitas Organics transaction for future acquisitions on substantially the same terms. Following the incremental investment, Nexus will own approximately 71.7% of the issued and outstanding shares of Laird Superfood on a fully diluted, as-converted basis.","length":627,"tagName":"p"},{"type":"text","content":"Terrasoul is a vertically integrated, branded foods platform offering a broad portfolio of superfood products, including nuts, seeds, dried fruits, powders, baking ingredients, and functional beverage mix-ins. These products span large and fast-growing segments of the consumer wellness market, driven by sustained and broadening demand for clean-label, nutrient-dense foods across health-conscious consumer demographics. Terrasoul sources ingredie...