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Barfresh Food Group, Inc. (BRFH)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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3.0400+0.1500 (+5.19%)
At close: 04:00PM EDT
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  • S
    Snoops
    I am patiently waiting on my $2.25.
  • D
    David
    Great News Today! Print
    Alert
    Barfresh Completes Over $5.8 Million Financing to Accelerate Growth
    Financing Consists of Issuance of Common Stock at $0.50 per Share and $0.60 Warrants
    LOS ANGELES, CA -- March 23, 2020 -- InvestorsHub NewsWire -- Barfresh Food Group, Inc. (the “Company”) (OTCQB: BRFH), a manufacturer of frozen, ready-to-blend beverages, today announced that it has entered into binding definitive agreements for approximately $5.87 million financing. The components of the financing consist of an aggregate sale of approximately $5.87 million of common stock at $0.50 per share with 50% warrant coverage with an exercise of $0.60 per share, of which $3.825 million will be for growth capital and approximately $2 million came from the conversion of existing debt into the current offering.
    Debt Retirement and Restructuring
    Concurrent with the Company’s current offering, the Company also reduced its overall debt by approximately $2 million through holders converting their existing debt into the Company’s current offering of its common stock and warrants. In addition, the Company and its debt holders extended the maturity date of approximately $1.1 million of those certain convertible notes issued in March 2018 to March 2022, and extended the maturity date of approximately $0.2 million of those certain convertible notes issued in November 2018 to November 2021.
    Riccardo Delle Coste, the Company’s CEO stated, “This financing dramatically improves our liquidity and will provide the appropriate capital for profitable expansion in our many and growing channels throughout 2020 and beyond. We are very well positioned to continue the penetration in the quick serve restaurant space. In addition, I believe this is a strong vote of confidence from several of our significant existing stockholders participating in this offering.”
    Mr. Delle Coste continued, “We have spent many years establishing an organization with ample manufacturing capacity, logistics and distribution network to successfully service our expected new business. We have dramatically improved our cost structure and are in a much better position today to efficiently deploy this growth capital.”
  • n
    nyjets_0001
    08/01/22 Annual meeting, vote!!!
  • n
    nyjets_0001
    Read the conference call, big rollout expected however vendor is on their own timetable even with testing finished. Does not sound good. I guess AXE capital bought the company that was testing to keep their short position in play. lol
  • n
    nyjets_0001
    ZZZBestJuiceCO........

    OK G&A expense down. Mystery testing and chain restaurant not disclosed. Why they cannot disclose, we are in partnership with X retail restaurant chain in 50 of their stores, etc etc..... ??? Or we are selling product in this QSR
    No Line item for Revenue.
    Big Time Derivative loss for their numbers
    Many payment shares issued.
    Expanding manufacturing. HUH?
    Education and Military inroads, sounds like the story is getting repeated over and over.
    Anyone here have kids in schools that have the product? Whats the cost to the student/parent?
    Bearish
  • R
    Randy
    Barfresh – Premeasured | Prepackaged | Perfection – Whril Class Blended Drinks
    www.barfresh.com
  • S
    Snoops
    Hey guys what do you think about this stock.
  • P
    Phoenix
    apparently, they are not executing their plan?
  • F
    Finski
    Barfresh just furloughed 90 percent of staff. Barfresh is on last leg. If board if directors were smart they'd move Delle Coste out of CEO roll. He is driving company into ground.
    Bearish
  • j
    jason
    Heard BRFH is creating a single serve product for grocery stores, also heard they are looking into a CBD partner.
  • J
    J Smith
    now serving international. All these military and school accounts are starting to add up. If they secure all the potential with these it will be way bigger than any national account!
    This domain is registered with iRegister.al.
    This domain is registered with iRegister.al.
    international.al
  • J
    JOHN
    company stated third-quarter revenues already have exceeded second-quarter revenues. I've been following this company for a while now and because of the large seller have been buying more shares. looking forward to seeing how this plays out financially.
  • J
    JOHN
    "Barfresh Food Group, Inc. BRFH has delivered a positive earnings surprise of 100% in the last reported quarter. It currently has a Zacks Rank #2 (Buy)". Right On!
    Bullish
  • n
    nyjets_0001
    OK, now BRFH will be in 150 military bases up from 100 in the next 6 months. My first question is: do the service people pay for the product or is it part of their meal time choices?

    Second question: BRFH is looking to serve overseas bases. Are they going to ship from US, co-pack locally or open an overseas plant?
  • R
    Randy
    Snoops I am just getting here from the CVM board. I am going to buy BRFH tomorrow. I see I missed a little bit of a run up is it too late to get in. Thank you for the tip I like the way the stock looks I can see you like it
  • D
    Daniel
    Nice action
  • R
    Randy
    I just bought some shares today I'm excited
  • n
    nyjets_0001
    They issue a PR and no customer disclosed.
  • J
    J Smith
    I disagree. The trend is your friend. numbers are going down on soda and sugar. fast food will need to start giving better choices. sodas out. healthy in.
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