BranchOut Food Secures Third EnWave Dehydration Machine; Completes Production Capacity With New Peru Facility With 40-50% Estimated Gross Margins
Portfolio Pulse from Benzinga Newsdesk
BranchOut Food Inc. (NASDAQ:BOF) has expanded its agreement with EnWave Corporation by purchasing a third large-scale dehydration machine. This move aims to enhance BranchOut's new facility in Peru, which is expected to commence operations in Q3 and achieve an estimated $40M in production capacity with 40-50% gross margins.
May 24, 2024 | 12:07 pm
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BranchOut Food Inc. has expanded its agreement with EnWave Corporation by purchasing a third dehydration machine, enhancing its new Peru facility. This is expected to increase production capacity to $40M with 40-50% gross margins.
The purchase of a third dehydration machine and the expansion of the Peru facility are likely to significantly boost BranchOut's production capacity and profitability, positively impacting its stock price in the short term.
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