MMMB - Mergers and acquisitions

Acquisition Expected to be Accretive and Drive Immediate Gross Margin and Operating Expense Synergies $3.65 Million Purchase Price Composed of $2.15 Million of Cash in Two Tranches and $1.50 Million of Common Stock Payable in June 2025 EAST RUTHERFORD, NJ, June 29, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced that it has purchased the remaining 76% interest in Chef Inspirational Foods, Inc. ("CIF"), a deli prepared food sales agent, following up on the June 2022 acquisition of a 24% minority interest in CIF. The remaining 76% interest in CIF was purchased for $3.65 million

$1.2 Million, Immediately Accretive Investment is Highly Symbiotic with MamaMancini's Subsidiary T&L Creative Salads MamaMancini's Retains Option to Purchase Remainder of Company within 12 Months EAST RUTHERFORD, NJ, June 30, 2022 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a marketer and distributor of specialty pre-prepared all-natural foods, today announced it has signed a definitive agreement to acquire a 24 percent minority interest in Chef Inspirational Foods, Inc. ("CIF"), a leading developer, innovator, marketer and sales company selling fresh and frozen prepared foods, for an investment of $1.2 million, at an implied enterprise value for CIF of $5 million