Branchout food secures large scale production facility in peru capable of $40m in production capacity; estimated 40-50% gross margins

Lima, peru, may 14, 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 it has signed a long term lease for a 50,000 square foot production facility in peru. under the terms of the agreement, branchout food has the first right to purchase the facility at a fixed price at any point during the 10-year term.
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