Laird Superfood (LSF) investor relations material

Deal rationale and strategic fit

• Acquisition creates a leading superfood platform with a diversified, multi-brand portfolio targeting wellness and functional nutrition trends.

• Expands product portfolio into nuts, seeds, dried fruits, powders, and beverage mix-ins, leveraging Terrasoul's proprietary supply chain and consumer loyalty.

• Enhances omnichannel distribution, especially in e-commerce, online marketplaces, and high-growth channels.

• Strategic acquisitions are expected to unlock sales growth and margin expansion through distribution and operational synergies.

Financial terms and conditions

• Terrasoul acquired for $48 million in cash, with up to $5 million in earnout potential based on performance milestones.

• Acquisition funded by $60 million Series A Convertible Preferred Stock investment from Nexus Capital, which now owns approximately 71.7% on a fully diluted, as-converted basis.

• Combined unaudited FY25 net sales projected at $161 million.

Synergies and expected cost savings

• Vertical integration, in-house processing, and fulfillment scale expected to improve margins and lower costs.

• Operational and commercial synergies anticipated to drive EBITDA growth and margin expansion, with accelerated ability to serve consumers at scale.

• Anticipated synergies include growth opportunities, savings, and operational efficiencies.