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Barfresh Food Group ( (BRFH) ) just unveiled an update.
On February 5, 2025, Barfresh Food Group announced a Securities Purchase Agreement to sell 1,052,635 shares of common stock in a registered direct offering, expected to close by February 7, 2025, with gross proceeds of approximately $3 million. This strategic investment, primarily supported by existing shareholders, aims to expand the company’s manufacturing capabilities to meet growing customer demand and achieve positive cash flow, particularly within the education market, following successful testing of its new Pop & Go™ 100% Juice Freeze Pops.
More about Barfresh Food Group
Barfresh Food Group Inc. is a developer, manufacturer, and distributor of ready-to-blend and ready-to-drink beverages such as smoothies, shakes, and frappes. The company targets the education market, foodservice industry, and restaurant chains, offering fully prepared individual portions or single serving and bulk formats for on-site preparation. Its products use a proprietary, patented system for delivering freshly made frozen beverages that are efficient and minimize waste.
YTD Price Performance: 37.10%
Average Trading Volume: 9,180
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $50.14M
For detailed information about BRFH stock, go to TipRanks’ Stock Analysis page.
