BEND, Ore., Feb. 12, 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 it has expanded its relationship with the nation’s largest retailer. The new agreement is valued at an estimated $7.6 million annually.
BranchOut has renewed its contract with the retailer for two products and entered into a new contract for two additional products.
The company received a 12-month contract extension for two dried fruit private label items that were first supplied in 2023. The Company expects improved margins on these items from the renewed contract that is valued at an estimated $5.2 million on an annual basis.
The new contract is for two additional dried vegetable private label items. The order for approximately 3,300 stores is about 50% larger than initially expected and is valued at an estimated $2.6 million on an annual basis. Shipments are scheduled to begin in May 2024. This relationship expansion validates the uniqueness of the Company’s proprietary GentleDry technology that delivers products that …
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