Barfresh Food Group completes $3M financing round

Barfresh Food Group (BRFH) announced the completion of a $3M financing round for common stock at $2.85 per share, primarily supported by existing shareholders. This strategic investment will fuel the Company’s expansion of manufacturing capabilities to meet growing customer demand, following continued customer wins through its education channel and strong market feedback from select testing for its new Pop & Go 100% Juice Freeze Pops. The Company expects this financing will enable it to achieve positive cash flow. The financing will enable Barfresh to improve margins by scaling production capacity to fully serve current customer commitments and support aggressive profitable growth initiatives to capture opportunities within the existing sales pipeline. The timing of this investment aligns with the Company’s preparations to introduce its new Pop & Go 100% Juice Freeze Pops to the education market, following highly positive feedback during initial testing in select school locations. The Company continues to build momentum, having secured a large number of new customers within the education channel, demonstrating growing demand for its suite of better-for-you smoothie beverages.