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Laird Superfood, Inc. (NYSE American: LSF) is a notable player in the plant-based food industry, renowned for its innovative and functional products. Headquartered in Sisters, Oregon, and founded in 2015 by big-wave surf legend Laird Hamilton and former professional beach volleyball player Gabby Reece, the company aims to revolutionize healthy eating habits with its unique offerings.
Laird Superfood manufactures and markets a diverse range of plant-based and functional foods, including powdered and liquid coffee creamers, hydration and beverage-enhancing supplements, and performance mushroom supplements. Additionally, the product portfolio covers coffee, tea, hot chocolate products, and superfood blends, which are available through retail channels, the company's website, and third-party online platforms.
In its most recent development, Laird Superfood launched the Antioxidant Daily Reds, a powdered supplement designed to provide two servings of the daily recommended fruit and vegetable intake in each glass. This new product is packed with antioxidants from red and orange fruits and vegetables such as tart cherry, turmeric, strawberries, beets, and green tea extract. It supports muscle recovery and cardiovascular health while offering a convenient and tasty way to meet nutritional goals.
The company also recently introduced the Prebiotic Daily Greens, another powdered supplement aimed at nourishing the gut microbiome with superfood fruits and vegetables. Both products reflect Laird Superfood's commitment to delivering nutritious, functional, and delicious food options that fit seamlessly into daily routines.
Under the leadership of CEO Jason Vieth, Laird Superfood maintains a strong focus on innovation and consumer satisfaction. This approach has positioned the company as a leader in the functional food category, continuously expanding its product offerings to meet the evolving needs of health-conscious consumers.
Laird Superfood's mission is based on the belief that nourishing, plant-based foods can significantly enhance performance and well-being. By integrating adaptogens and other high-quality ingredients into their products, the company aims to help individuals fuel their bodies from sunrise to sunset.
For the latest updates and more information about Laird Superfood's products, visit Laird Superfood's website or follow them on social media platforms like Instagram and TikTok.
Laird Superfood reported a 35% year-over-year increase in net sales, reaching $7.4 million for Q1 2021, driven largely by online sales which rose 65%. Despite the revenue growth, gross profit declined to $1.9 million with a gross margin of 25.1%, down from 38.6% in Q1 2020. The net loss attributable to common stockholders was $5.3 million, translating to $0.60 per diluted share. The company aims to focus on expanding market share and optimizing margins, highlighted by their recent acquisition of Picky Bars.
Laird Superfood, Inc. (NYSE American: LSF) has launched the Ohana Cares program, focused on providing plant-based food to support communities facing food insecurity, frontline workers, and athletes. This initiative reinforces the company's mission to make superfood products accessible and highlights three inaugural projects: 1) a Carbon Neutral Last-Mile shipping program, 2) a partnership with Feeding America to donate meals, and 3) a commitment to donate over $150,000 in product to frontline responders. The brand aims to address environmental impact and support those in need through its new program.
Laird Superfood, Inc. (NYSE American: LSF) has finalized a definitive agreement to acquire Picky Bars, LLC for $12 million in cash and stock. The acquisition is valued at approximately 1.2x estimated revenue for 2022 and aims to enhance gross margins and contribute positively to net income from 2022 onward. Picky Bars specializes in healthy snacks and has a strong direct-to-consumer presence. The deal aligns with Laird Superfood's strategic goals of expanding its product range and leveraging synergies between both companies’ distribution channels.
Laird Superfood, Inc. (NYSE American: LSF) is set to release its financial results for the first quarter ending March 31, 2021, on May 13, 2021, after market close. A live webcast will follow at 5:00 p.m. ET on the same day to discuss these results. Laird Superfood specializes in plant-based superfood products designed to boost daily nutrition and promote sustainable consumption. Co-founded by surfer Laird Hamilton, the company emphasizes environmentally-friendly and responsibly sourced ingredients.
Laird Superfood, Inc. (NYSE American: LSF) has launched personalized Daily Ritual bundles aimed at enhancing customer performance through plant-based nutrition. Customers can take a quiz to discover their ideal combination of products like Superfood Creamers, Coffee, and Functional Mushroom Blends, tailored to their lifestyle. Subscribers benefit from perks like exclusive sales, gifts, and free shipping. Co-founder Laird Hamilton emphasizes the accessibility and functionality of these products to support healthy habits.
Laird Superfood reported a 75% increase in net sales for Q4 2020, totaling $7.3 million, with online sales contributing 61% of total net sales. Despite this impressive growth, the company faced a net loss of $4.5 million or $0.51 per diluted share, compared to net income of $5.3 million in Q4 2019. Gross margin dropped to 20.3% from 34.7% due to increased shipping and labor costs. The company plans to leverage its cash reserves of $57.2 million for future growth initiatives in 2021.
Laird Superfood (NYSE American: LSF) has entered a three-year partnership with U.S. Ski & Snowboard as their exclusive sponsor for functional coffee and coffee creamers. This collaboration aims to support athletes with plant-based nutrition as they prepare for competitions. Laird Superfood provides a range of products including functional blends that enhance everyday rituals. The partnership aligns with both organizations' mission to promote quality nutrition, with activations planned during the current competition season, which includes the upcoming Aspen 2021 FIS World Championships.
Laird Superfood, Inc. (NYSE American: LSF) is set to report its financial results for Q4 and fiscal year ended December 31, 2020, on March 11, 2021, after market close. A conference call and webcast will be held at 5:00 p.m. ET on the same day to discuss the financial results. The company specializes in plant-based superfood products, aimed at enhancing daily routines with environmentally conscious ingredients.
Sisters, Ore., Jan. 12, 2021 - Laird Superfood (NYSE American: LSF) announced the launch of Focus Coffee, a new functional coffee product designed to enhance focus using botanicals and mushroom extracts. This follows the release of Boost Coffee, which provides 15% of the daily Vitamin D. Focus Coffee utilizes medium roast Peruvian beans, rhodiola extract, organic lion's mane extract, and coffee cherry. It is priced at $17.95 for 12 oz. bags. Laird Superfood aims to redefine coffee functionality with its latest offerings.
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