BranchOut Food Inc. Signs LOI and receives $250K PO from Leading Ingredient Distributor, Definitive Agreement Targeting $5-6M in 2025 Ingredient Sales
Thursday, 5th December at 5:00 am
Key Highlights:
Signed LOI with leading ingredient distributor, establishing immediate sales volume in the ingredient channel.
Received an initial $250,000 purchase order alongside the LOI.
Anticipating completing a Definitive Agreement in January with a minimum commitment of $5M in sales for 2025.
New Peru factory's three production lines are now fully operational, offering the world's largest GentleDry™ capacity and positioned to disrupt the $36 billion freeze-dry market1.
BEND, Ore., Dec. 05, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneer in GentleDry™ dehydration technology, has signed a Letter of Intent (LOI) with a leading distributor in the dried food ingredient sector. This partnership marks a significant step in BranchOut's strategy to capture substantial growth in the ingredient channel, with anticipated sales of $5-6 million in 2025 and expected growth in the years ahead.
Along with the LOI, the ingredient distributor has issued an initial purchase order (PO) valued at approximately $250,000. This order is expected to set the stage for a definitive agreement in January 2025, following a planned visit to BranchOut's state-of-the-art production facility in Peru. This agreement will establish BranchOut as the exclusive supplier for multiple products, capitalizing on its GentleDry™ technology and the cost and quality advantages of its Peru facility.