BranchOut Food Inc. Expands Partnership With EnWave Corp Increasing Manufacturing Capacity By An Additional ~$15M Annually & Secures Additional Product Exclusivities
Portfolio Pulse from Benzinga Newsdesk
BranchOut Foods Inc. (NASDAQ:BOF) has expanded its partnership with EnWave Corporation (TSXV:ENW), purchasing a second large-scale dehydration machine. This will increase BranchOut's manufacturing capacity by an estimated $15M annually. The new agreement also extends product exclusivities for BranchOut's recently developed products.
September 28, 2023 | 3:16 pm
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POSITIVE IMPACT
BranchOut's expanded partnership with EnWave and increased manufacturing capacity could boost its growth trajectory, especially considering recent commitments from major retailers.
The increased manufacturing capacity and extended product exclusivities could potentially lead to increased sales and revenue for BranchOut. This, coupled with recent commitments from major retailers, could positively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
EnWave's expanded partnership with BranchOut, including the sale of a second dehydration machine, could potentially increase its revenues.
The sale of a second large-scale dehydration machine to BranchOut could increase EnWave's revenues. The extended product exclusivities could also potentially lead to future sales and revenue growth.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70