BranchOut Food (BOF) Planet MicroCap Showcase: Toronto 2026 summary

Business and technology

• Peru plant opened in 2024; production uses EnWave’s vacuum-chamber industrial microwave technology, with differentiated processing know-how developed over two years.

• Product range spans ~12 fruits and vegetables plus cheese; management says the process preserves flavor, texture and appearance and is faster and less expensive than freeze-drying.

• Peru sourcing includes bruised or less attractive produce at lower prices, supporting sustainability and raw-material cost control.

• Monthly output rose from a typical 30,000–40,000 kg to 70,000 kg in October, attributed to process improvements; management expects further gains in 2027.

Commercial growth and products

• Retail relationships include Costco, Sam’s Club, Walmart and Target; management expects further customer sign-up announcements and sees substantial runway across retail, private label and ingredients.

• Sam’s Club Crunchy Fruit Multipack is an ~$8M business in half of its clubs; a $2M Tropical Mix pack was planned for year-end 2026, with seasonal lunch-pack products also in development.

• Dried cheese products are already in Target; Cheesecake Bites are planned for Costco Texas, with the first order co-packed in the U.S. Management expects cheese to become as large as or larger than fruit and vegetables.

• Ingredients represented ~50% of revenue, club-branded products 40% and private label 10%; ingredients were expected to reach $6M–$7M in 2026 and up to $10M in 2027.

• Management expects private label and retail vertical expansion in 2027; Kroger and other large retailers were in discussions, with Peru production costs expected to meet their hurdle rates.

Financial outlook and capacity

• 2025 revenue was $13.72M, including ~$4.5M from a prune sourcing contract; plant production contributed ~$9.5M. 2026 sales were estimated at $14.5M, with ~$5.5M of sales shifted to 2027.

• Management cited a record Q4 2026 forecast of $6M–$7M and near cash-flow break-even; a ~$4M quarterly revenue base, or ~$16M annualized, was expected entering 2027.

• Current plant capacity is $40M–$50M; an added EnWave machine could expand capacity, and adjacent property build-out would lift the footprint to $100M.

• Break-even estimates ranged from ~$24M–$26M at current costs to ~$18M with optimization and as low as $14.5M with in-house packaging; management also cited a $21M figure.

• Raw materials were ~35% of revenue and other costs ~20%; Q3 gross margin was expected in the teens, improving to the 20%s, with a 40% target. Branded margins were estimated at 40%–45% versus ~30% for ingredients.