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BRLS

Borealis Foods Inc.

Industry

Packaged Foods

Borealis Foods Inc. engages in the distribution of plant-based protein food products. The company's product includes Chef Woo, a high-protein meat alternative; and Ramen Express, vegetarian ramen noodles. Borealis Foods Inc. was incorporated in 2020 and is based in Oakville, Canada.

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Shares of companies within the broader consumer staples sector are trading lower amid overall market weakness following weak US data. Soft guidance from Amazon may be negatively impacting the sector.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:37 pm

Borealis Foods has announced a $3 million stock buyback program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:07 pm

Borealis Foods' CEO Reza Soltanzadeh issued a letter to shareholders highlighting the company's progress and future plans. Key points include improved gross margins through product mix refinement, investments in R&D and marketing, significant sales ramp expected from school systems, and additional institutional sales opportunities. The company is also involved in the Feeding America® 'Fight Hunger. Spark Change.' program. Borealis aims to resolve its going concern issue by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:37 pm

Urban Outfitters shares surged by 6.7% in pre-market trading after reporting better-than-expected Q1 earnings and sales. Several other stocks, including MGO Global, Barnes & Noble Education, and Mustang Bio, also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 12:16 pm

The article highlights the pre-market movements of several consumer staples stocks on Wednesday. Notable gainers include Mangoceuticals (MGRX), Benson Hill (BHIL), Better Choice Co (BTTR), Vintage Wine Estates (VWE), United Natural Foods (UNFI), and Safety Shot (SHOT). On the losing side, Edible Garden AG (EDBL), Borealis Foods (BRLS), Nuzee (NUZE), AgriFORCE Growing Systems (AGRI), Target (TGT), and Yatsen Holding (YSG) saw declines.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 12:06 pm

Riot Platforms, Inc. (RIOT) shares rose by 5.3% in pre-market trading, influenced by a 1.5% increase in Bitcoin prices. Other stocks also showed significant movement in pre-market trading, with notable gainers including Complete Solaria, Inc. (CSLR) and The OLB Group, Inc. (OLB), among others. Conversely, Vaxxinity, Inc. (VAXX) and Mingteng International Corporation Inc. (MTEN) were among the pre-market losers.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 9:23 am

Borealis Foods Inc. (NASDAQ:BRLS), led by CEO Reza Soltanzadeh, provided a shareholder update highlighting 2023 achievements including revenue growth, a $50 million funding injection, partnership with Gordon Ramsay, the launch of Woodles in U.S. schools, and expansion into new markets. The company also noted an 18.5% increase in sales of Chef Woo and Ramen Express, expansion of distribution points, and significant e-commerce growth. Borealis aims to expand its institutional business and has partnered with Feeding America to distribute Chef Woo ramen in Sam's Clubs across the U.S.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:37 pm

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