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BranchOut Food Inc. (NASDAQ:BOF), a pioneer in GentleDry™ dehydration technology, has signed a Letter of Intent (LOI) with a leading distributor in the dried food ingredient sector. This partnership marks a significant step in BranchOut's strategy to capture substantial growth in the ingredient channel, with anticipated sales of $5-6 million in 2025 and expected growth in the years ahead.
Along with the LOI, the ingredient distributor has issued an initial purchase order (PO) valued at approximately $250,000. This order is expected to set the stage for a definitive agreement in January 2025, following a planned visit to BranchOut's state-of-the-art production facility in Peru. This agreement will establish BranchOut as the exclusive supplier for multiple products, capitalizing on its GentleDry™ technology and the cost and quality advantages of its Peru facility.
Posted In: BOF
