Where Food Comes From (WFCF) Registration filing summary

Company overview and business model

• Provides third-party verification of food production practices across North America, supporting over 17,500 clients including farmers, processors, retailers, and restaurants.

• Offers professional services and technology solutions for the food and agricultural industry, including a Source VerifiedⓇ labeling program connecting consumers to food origins.

• Business growth driven by consumer demand for transparency, regulatory requirements, and retailer needs for traceability.

• Verifies hundreds of claims and programs across diverse food groups, with ongoing expansion into beverages, seafood, and other produce.

• Growth achieved through organic expansion and selective acquisitions, leveraging a recurring revenue model and high retention rates.

Financial performance and metrics

• Sales grew from $1.1 million in 2006 to $24.9 million in 2025, representing a 17.8% CAGR over 19 years.

• As of July 31, 2026, public float was approximately $32.1 million, based on 2,276,456 shares held by non-affiliates at $14.12 per share.

Use of proceeds and capital allocation

• Intended use of net proceeds from any securities sale will be detailed in the applicable prospectus supplement; management retains broad discretion over allocation.

• No immediate plans to issue securities, but flexibility to access capital markets is prioritized for strategic opportunities.