BEND, Ore., Jan. 16, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, is expanding its partnership with the nation's largest Club Warehouse Retailer, adding its popular Pineapple Chips to the Bay Area region, following previous success in the Southern California region. The placement comes on the heels of strategic expansion during Q4 2023, in line with BranchOut Food's plans to substantially grow market share nationwide. "Our branded and private label strategy continues to pay dividends, and our first week of sales in the Bay Area Clubs have exceeded expectations," said Chief Ex

The Dow Jones index closed higher by more than 100 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. BranchOut Food The Trade: BranchOut Food Inc. (NASDAQ:BOF) Director Byron Riche Jones bought a total of 41,755 shares at an average price of $0.99. To acquire these shares, it cost around $41,337. What's Happening: On June 26, Branchout Foo

BranchOut Food Inc. (NASDAQ:BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that the nation's largest retailer has increased the store count and overall projected sales of its third contract with BranchOut Food. The new third contract now has a value of approximately $1 million in sales and is three times larger than the retailer's original projection. The retailer will offer the private label products in 3,430 stores across the nation, up from an original store count of 1,400.

BranchOut Food contracts with the retailer now total approximately $8 million in annualized revenue New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024BEND, Ore., June 26, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced it has shipped the first production of the new products that will be launched nationwide in July 2024 by the nation's largest retailer.The dried brussels sprouts, a first-to-market offering, and dried carrot sticks are innovative new products requested by the retailer.

Industrial food ingredients expected to be a valuable additional commercialization channel Company to build out internal sales and marketing team to pursue new channelBranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024BEND, Ore., June 25, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced that it will enter the industrial food ingredients market as part of its commercialization strategy. The global market for industrial food ingredients was valued at $335.32 billion in 2023, and is projected to reach approximately $511.33 billion by 2

BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced it has signed a purchase agreement for a 10kW Radiant Energy Vacuum (REV) machine, built by EnWave Corporation (TSXV:ENW, FSE: E4U))))). The machine will be installed at BranchOut Food's new, large-scale facility in Peru and will be used for R&D, rapid product development and production scale-up in response to new product requests from major retailers and large brands.

BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the expansion of its agreement with EnWave Corporation (TSXV:ENW, FSE: E4U))))). As part of this enhanced partnership, BranchOut has purchased its third large-scale EnWave dehydration machine. This addition is strategically aimed at expanding its new facility in Peru, with operations anticipated to commence in Q3, ultimately completing an estimated $40M in production capacity with 40-50% estimated gross margins.

Branchout Food (NASDAQ:BOF) reported quarterly losses of $(0.26) per share. This is a 200 percent decrease over earnings of $0.26 per share from the same period last year. The company reported $1.47 million in sales this quarter. This is a 1.41K percent increase over sales of $97.34 thousand the same period last year.

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Key Highlights: Projecting $3.8M in Q1 revenue, with strong growth throughout the yearInflecting to Positive Cash Flow Beginning in Q1 2025Peru Facility Now Operational, Producing Initial Orders and Capturing High MarginsNation's Largest Warehouse Club Reorders $1.7M After Strong Per-Store Sales, Expanding Regions and Tripling SKUs.Planning 2025 Sales Strategy for the Ingredient Channel; in talks with Exclusive Sales Partner on a $5-6M commitment for 2025.Debt-Free Target by Q4 2025 BEND, Ore., Oct. 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a cutting-edge leader in food technology, today unveiled transformative developments that position the company for a banner year

BranchOut Food estimated to finish year at $8 million in Net Revenue Net Revenue for 1st half 2024 up over 640% from revenue in 1st half 2023The Company estimates $5 million in Revenue for 2nd half of 2024, double that of the same period last year, to finish 2024 near $8 millionOpening new production facility in Peru with about $40 mm in capacity with first production anticipated in OctoberCompleted combined financing of $5.4 million in June and July 2024 to finance completion of new production facility BEND, Ore., Aug. 28, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), an industry leader in food technology focused on dehydrated fruit and vegetable products, today provided a

BEND, Ore., July 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of a $525,000 investment in company led by its CEO, Eric Healy, who invested $400,000, with Eagle Vision Fund LP (an entity affiliated with the Company's CFO) investing $100,000, and the Company's President investing $25,000, in exchange for the issuance of 692,529 shares of common stock . In addition, the Company closed a convertible note for $3,400,000 with Kaufman Kapital. Complete details of these transactions can be found in the Company's Current Report on 8-K filed with the Securiti

BEND, Ore., June 28, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), ("BranchOut" or the "Company"), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $1,400,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 262,500 additional shares of common stock at the public offering price, less the und

BEND, Ore., June 27, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that the nation's largest retailer has increased the store count and overall projected sales of its third contract with BranchOut Food. The new third contract now has a value of approximately $1 million in sales and is three times larger than the retailer's original projection. The retailer will offer the private label products in 3,430 stores across the nation, up from an original store count of 1,400. "We are excited about the rapid pace of adoption and popularity of BranchOut Food's products,

BEND, Ore., June 26, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF) ("BranchOut" or the "Company"), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the pricing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $1,400,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 262,500 additional shares of common stock at the public offering price

BranchOut Food contracts with the retailer now total approximately $8 million in annualized revenue New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 BEND, Ore., June 26, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced it has shipped the first production of the new products that will be launched nationwide in July 2024 by the nation's largest retailer. The dried brussels sprouts, a first-to-market offering, and dried carrot sticks are innovative new products requested by the retailer. Eric Healy, CEO of BranchOut Food, sa

Industrial food ingredients expected to be a valuable additional commercialization channel Company to build out internal sales and marketing team to pursue new channel BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024 BEND, Ore., June 25, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced that it will enter the industrial food ingredients market as part of its commercialization strategy. The global market for industrial food ingredients was valued at $335.32 billion in 2023, and is projected to reach approximately $511.33 billi

BEND, Ore., June 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, is taking the next step in its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance Meals Ready-to-Eat (MRE) through its proprietary GentleDry technology. Following BranchOut Food's successful six-month shelf-life test and sensory panels, the U.S. Army selected Cinnamon Churro Banana Bites for a subsequent field test with live soldiers, and will likely include the company's Chili Lime Pineapple Chips pending an additional iteration. Made with GentleDry technology

BEND, Ore., June 17, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced it has signed a purchase agreement for a 10kW Radiant Energy Vacuum (REV) machine, built by EnWave Corporation (TSXV:ENW, FSE: E4U))). The machine will be installed at BranchOut Food's new, large-scale facility in Peru and will be used for R&D, rapid product development and production scale-up in response to new product requests from major retailers and large brands. Eric Healy, CEO of BranchOut Food, said: "BranchOut Food receives frequent requests to develop and iterate new product concepts for