AcquisitionsAug 13, 2026, 04:34 PM
Laird Superfood Completes Navitas & Terrasoul Acquisitions; Sales Up 133%
AI Summary
Laird Superfood, Inc. completed two significant acquisitions in Q2 2026: Navitas LLC on March 12, 2026, for $40.9 million cash, and Terrasoul Superfoods, LLC on April 21, 2026, for $54.5 million. These acquisitions were funded by the issuance of $110.0 million in Series A Preferred Stock. The strategic moves led to a substantial increase in net sales, which rose 133.6% year-over-year for the six months ended June 30, 2026, reaching $55.2 million. The company reported a net loss of $54,151 for the six-month period.
Key Highlights
- Acquired Navitas LLC for $40.9 million cash on March 12, 2026.
- Acquired Terrasoul Superfoods for $54.5 million (cash + contingent) on April 21, 2026.
- Issued $110.0 million in Series A Preferred Stock to fund acquisitions.
- Net sales increased 133.6% to $55.2 million for six months ended June 30, 2026.
- Total assets grew to $145.7 million as of June 30, 2026.
- Reported a net loss of $54,151 for the six months ended June 30, 2026.
- Recognized $31.8 million in goodwill from the acquisitions.
- Acquired $43.1 million in identifiable intangible assets.
Price Impact
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