Streetbeat News

BRLS

Borealis Foods Inc.

https://borealisfoods.ca

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.

Open

5.48

Mkt cap

121M

Volume

189

High

5.67

P/E Ratio

-47.25

52-wk high

12.50

Low

5.48

Div yield

N/A

52-wk low

3.71

Borealis Foods Inc. (Nasdaq: BRLS) has announced a partnership to produce an exclusive line of ramen noodles for a major multinational food company at its Palmetto Gourmet Foods facility. This move is expected to significantly expand production.

Portfolio Pulse from

November 13, 2024 | 8:15 pm

Borealis Foods is expanding its distribution in the U.S. by launching Ramen Noodles by Chef Ramsay in over 1,300 Walmart stores nationwide. This move aims to enhance their healthy and affordable food lines.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:22 pm

Ericsson shares surged 8.9% in pre-market trading after reporting better-than-expected quarterly earnings and sales. The company reported earnings of 11 cents per share, beating the consensus estimate of 8 cents, and sales of $6.110 billion, surpassing the expected $5.719 billion.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 10:22 am

Borealis Foods is introducing its product, Woodles, into U.S. school lunch programs. The company anticipates that this will contribute to revenue and gross profit starting in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:34 pm

A study by Texas Tech University found that Borealis Foods' Chef Woo high-protein ramen noodles significantly reduce caloric intake at the next meal.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:36 am

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

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