Welcome to our dedicated page for Sow Good news (Ticker: SOWG), a resource for investors and traders seeking the latest updates and insights on Sow Good stock.
Sow Good Inc (SOWG) delivers innovative freeze-dried snacks through proprietary manufacturing technology and vertically integrated operations. This news hub provides investors and industry observers with essential updates about the company’s strategic initiatives, product developments, and market positioning.
Access timely press releases covering earnings reports, manufacturing expansions, and new product launches like freeze-dried candy innovations. Stay informed about retail partnerships, quality control advancements, and operational milestones that demonstrate SOWG’s leadership in food technology.
Key updates include financial performance summaries, R&D breakthroughs in shelf-stable snacks, and B2B partnership announcements. Our curated collection ensures you never miss critical developments in gluten-free product lines or freeze-drying process optimizations.
Bookmark this page for ongoing insights into Sow Good Inc’s growth within the competitive snack manufacturing sector. Check regularly for authoritative updates that matter to stakeholders tracking food industry innovation.
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.
Sow Good (Nasdaq: SOWG), a leader in the freeze-dried candy and treat industry, will participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, at the Depot Renaissance Hotel in Minneapolis, Minnesota. The company's management team will be available for one-on-one meetings throughout the day.
Sow Good (Nasdaq: SOWG) will ring the Nasdaq Opening Bell today, May 20, 2024, to celebrate its recent listing and ongoing operational growth. The company, a leader in the freeze dried candy industry, transitioned to Nasdaq on May 2, 2024. CEO Claudia Goldfarb highlighted their first-year achievements, including expanding production infrastructure and customer base, and developing an innovative SKU portfolio. Executive Chairman Ira Goldfarb emphasized the company’s entrepreneurial roots and commitment to community impact, noting growth in transforming niche trends into high-growth categories. The ceremony will be livestreamed, marking a significant milestone for Sow Good.
Sow Good (Nasdaq: SOWG) reported strong Q1 2024 results, showcasing a 20% sequential revenue increase to $11.4 million. The company also transitioned to Nasdaq trading on May 2, 2024. Production capacity grew, with a fifth freeze drier operational and a sixth on track. Revenue and gross profit saw significant year-over-year gains, supported by expanded production capacity and increased market demand. However, gross margin declined to 40.6% from 57.8% due to higher costs. Operating expenses rose to $3.7 million, but net income reached $510.6K, reversing a previous loss. Sow Good also closed a public offering, raising $13.8 million.
Sow Good Inc. (Nasdaq: SOWG) exercised its overallotment option from a public offering, with underwriters purchasing 180,000 additional shares at $10.00 per share, resulting in gross proceeds of approximately $13.8 million. The offering was managed by Roth Capital Partners and Craig-Hallum, with a registration statement declared effective by the SEC on May 1, 2024.
Sow Good Inc. (Nasdaq: SOWG) will host a conference call on May 15, 2024, to discuss its first quarter results. The company is a leader in the freeze dried candy and treat industry.
Sow Good Inc. announced its uplisting from OTCQB to Nasdaq with the pricing of a $12 million public offering, consisting of 1.2 million shares at $10.00 per share. The offering, expected to close on May 6, 2024, aims to raise gross proceeds for general corporate purposes, such as expansion and debt reduction. The approval to list on Nasdaq was received on May 1, 2024, with trading set to begin on May 2, 2024.
FAQ
What is the current stock price of Sow Good (SOWG)?
What is the market cap of Sow Good (SOWG)?
