Barfresh Announces Uplisting to The Nasdaq Capital Market
Barfresh Food Group (OTCQB: BRFH) announced its common stock has been approved for listing on The Nasdaq Capital Market, effective January 20, 2022. Riccardo Delle Coste, CEO, expressed enthusiasm over completing the uplisting process, highlighting improvements in the company's balance sheet, reduced expenses, and expanded product offerings that position Barfresh for long-term growth. This milestone is expected to enhance corporate visibility and provide broader access to investors, thereby increasing long-term shareholder value.
- Approval for Nasdaq listing enhances corporate visibility.
- Strengthened balance sheet with improved expenses.
- Expanded product offerings and customer base for long-term growth.
- None.
LOS ANGELES, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (the “Company” or “Barfresh”) (OTCQB: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today announced that its shares of common stock have been approved for listing on The Nasdaq Capital Market (“Nasdaq”). Trading on Nasdaq is expected to commence on January 20, 2022 under the symbol “BRFH”.
Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “We are excited to have successfully completed the stringent uplisting process and achieve this financial milestone for our Company and our shareholders. Becoming a Nasdaq-listed company is a testament to the improvements we have made over the past few years to strengthen our balance sheet, dramatically improve our expenses and expand our product offerings and customer base to position our company for long-term growth. We believe this next step is paramount to help raise our corporate visibility, provide broader access to investors and enhance long-term shareholder value.”
About Barfresh Food Group
Barfresh Food Group Inc. (OTCQB: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, primarily for restaurant chains and the foodservice industry. The company's proprietary, patented system uses portion-controlled pre-packaged beverage ingredients that deliver freshly made frozen beverages that are quick, cost efficient, better for you and without waste. Barfresh has an exclusive distribution partnership with the leading food distributor in North America. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking, including statements about the Company's commercial progress, and success of its strategic relationship(s). These forward-looking statements are identified by the use of words such as "grow", "expand", "anticipate", "intend", "estimate", "believe", "expect", "plan", "should", "hypothetical", "potential", "forecast" and "project", “continue,” “could,” “may,” “predict,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The contents of this release should be considered in conjunction with the Company's recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including any warnings, risk factors and cautionary statements contained therein. Furthermore, the Company expressly disclaims any current intention to update publicly any forward-looking statements after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Investor Relations
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Deirdre Thomson
ICR
646-277-1283
Deirdre.Thomson@icrinc.com
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