Sow Good Signs Lease for New Distribution Facility in Dallas, Texas
Sow Good (Nasdaq: SOWG) has announced a substantial expansion with a new 324,000 sq. ft. production facility in Dallas, Texas. The facility will significantly increase the company's production capacity to meet rising demand for its freeze-dried treats. Approximately 306,500 sq. ft. of the facility will be dedicated to production, packaging, and distribution, while 17,400 sq. ft. will be reserved for office space. The company has secured deposits for five advanced freeze driers, with three set to be operational in the next six months. This move aims to centralize and streamline logistics and distribution while maintaining high food safety and quality standards. The facility will start distribution within a month and will begin packaging and freeze-drying production within four and six months, respectively.
- New 324,000 sq. ft. facility expected to significantly increase production capacity.
- Approximately 306,500 sq. ft. dedicated to production, packaging, and distribution.
- Facility to centralize all future in-house production expansions.
- Secured deposits for five advanced freeze driers.
- Three freeze driers scheduled to be operational within the next six months.
- Enhanced capacity to optimize raw material storage and product packaging.
- Expansion supports stringent food safety and quality standards.
- Distribution to commence within the next month.
- Packaging operations to begin within four months.
- Freeze-drying production to start within six months.
- Financial strain from securing deposits for advanced freeze driers.
- Possible operational delays in commissioning freeze driers.
- High initial capital expenditure for facility setup.
- Potential risks in centralizing logistics and distribution.
New 324,000 sq. ft. Facility Expected to Significantly Increase In-House Production Capacity
Dallas Facility Expected to House All Incoming Additional Freeze Driers
IRVING, Texas, May 29, 2024 (GLOBE NEWSWIRE) -- Sow Good, Inc. (Nasdaq: SOWG) (“Sow Good” or “the Company”), a trailblazer in the freeze-dried candy and treat industry, proudly announces a major expansion with a long-term lease for a new 324,000 sq. ft. production facility in Dallas, Texas. This strategic move is set to dramatically boost the Company’s production capacity, accelerating Sow Good’s ability to meet the soaring demand for its innovative freeze-dried treats.
The state-of-the-art Dallas facility dedicates approximately 306,500 sq. ft. to production, packaging, and distribution, while reserving 17,400 sq. ft. for office space. This new hub will streamline logistics and distribution, centralizing all future in-house production expansions. Sow Good has already secured initial deposits for five cutting-edge freeze driers, with three of these scheduled to be operational within the next six months and the other two shortly thereafter, underscoring the Company’s commitment to maintaining its growth trajectory.
“Securing the new Dallas facility marks a significant milestone in our expansion journey,” stated Ira Goldfarb, Executive Chairman of Sow Good. “As the demand for freeze dried candy continues growing, we continue making bold, strategic investments to maintain our position as the category leader. This enhanced capacity optimizes our raw material storage, product packaging, and overall operational efficiencies to fulfill the increased order volumes we receive. This expansion also allows us to uphold our stringent food safety and quality standards while integrating more of our custom-built proprietary freeze driers and specialized packaging environments.”
The Company plans to commence distribution from the new facility within the next month, initiate packaging operations within four months, and begin freeze-drying production within six months.
About Sow Good Inc.
Sow Good Inc. is a trailblazing U.S.-based freeze dried candy and snack manufacturer dedicated to providing consumers with innovative and explosively flavorful freeze dried treats. Sow Good has harnessed the power of our proprietary freeze-drying technology and product-specialized manufacturing facility to transform traditional candy into a novel and exciting everyday confectionaries subcategory that we call freeze dried candy. Sow Good is dedicated to building a company that creates good experiences for our customers and growth for our investors and employees through our core pillars: (i) innovation; (ii) scalability; (iii) manufacturing excellence; (iv) meaningful employment opportunities; and (v) food quality standards.
Sow Good Investor Inquiries:
Cody Slach or Jackie Keshner
Gateway Group, Inc.
1-949-574-3860
SOWG@gateway-grp.com
Sow Good Media Inquiries:
Sow Good, Inc.
1-214-623-6055
pr@sowginc.com
FAQ
What is the size of Sow Good's new distribution facility in Dallas?
When will Sow Good start distribution from the new facility?
How many freeze driers has Sow Good secured for the Dallas facility?
When will freeze-drying production begin at Sow Good's new Dallas facility?
What are the key features of Sow Good's new Dallas facility?
