Laird Superfood, Inc.

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.

Laird Superfood, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net sales surging 244% to $41.3 million, primarily driven by the acquisitions of Navitas and Terrasoul Superfoods. Despite this significant revenue growth and a positive Adjusted EBITDA of $3.0 million, the company posted a net loss of ($1.8) million, attributed to acquisition and integration costs, and experienced gross margin compression. The company also reaffirmed its full-year 2026 guidance for net sales and Adjusted EBITDA, reflecting confidence in continued growth and synergy realization.

Laird Superfood, Inc. announced that its Chief Financial Officer, Ms. Anya Hamill, will resign from her position, effective August 31, 2026. The company has begun a search process to identify a new permanent CFO, considering both internal and external candidates. Ms. Hamill's departure is amicable and not related to any disagreements with the board or management, nor to the company's operations, policies, financial statements, or internal controls.

Laird Superfood, Inc. filed an amendment to its Form 8-K, providing historical financial information for Terrasoul Superfood, LLC, following its acquisition on April 21, 2026. The acquisition was for $48.0 million in cash plus up to $5.0 million in contingent consideration, funded by a concurrent $60.0 million private placement of Series A Preferred Stock. The filing also includes unaudited pro forma condensed combined financial information, reflecting both the Terrasoul acquisition and the earlier Navitas acquisition and their respective financings.

Laird Superfood, Inc. held its 2026 Annual Meeting of Stockholders on June 25, 2026, with approximately 92% of eligible shares represented. Stockholders approved all proposals, including the election of eight directors, the ratification of KPMG LLP as the independent auditor, and the advisory approval of executive compensation. Additionally, an amendment to the 2020 Stock Incentive Plan was approved, and the board determined to hold future advisory votes on executive compensation annually.

Laird Superfood announced its 2026 Annual Meeting on June 26, 2026, and detailed significant strategic developments. The company completed the acquisition of Navitas Organics for $38.5 million in March 2026, funded by a $50.0 million strategic investment from Nexus Capital. An additional $60.0 million Nexus investment funded the April 2026 acquisition of Terrasoul Superfoods for $48.0 million cash plus up to $5.0 million contingent consideration. For fiscal year 2025, net sales grew 15% to $49.9 million, though net loss increased to $3.3 million. Stockholders will vote on electing eight directors, ratifying KPMG LLP, advisory votes on executive compensation, and approving an amendment to the 2020 Omnibus Incentive Plan to increase authorized shares.

Laird Superfood, Inc. announced that Doug Behrens resigned from its Board of Directors, effective May 18, 2026. Mr. Behrens also served on the Compensation Committee. The company stated that his resignation was for personal reasons and not due to any disagreement with the company's operations, policies, or practices.

Laird Superfood, Inc. completed the acquisition of Navitas LLC for $40.9 million in cash on March 12, 2026, expanding its product portfolio and distribution. The acquisition was funded by a $50.0 million issuance of Series A Preferred Stock. For the three months ended March 31, 2026, the company reported a net income of $1.75 million, a significant improvement from a net loss of $0.16 million in the prior year, primarily due to a $4.7 million deferred income tax benefit related to the Navitas acquisition. Net sales increased to $13.94 million from $11.65 million year-over-year.

Laird Superfood, Inc. reported Q1 2026 financial results, with net sales growing 20% year-over-year to $13.9 million, partly due to the Navitas Organics acquisition. While the company achieved a net income of $1.8 million, primarily from a tax benefit, gross margin and Adjusted EBITDA declined due to various cost pressures. The company also announced the completion of the Terrasoul Superfoods acquisition in April 2026, funded by a $60.0 million preferred stock investment, establishing a scaled, multi-brand superfood platform. For fiscal year 2026, Laird Superfood expects consolidated net sales between $138 million and $148 million and Adjusted EBITDA between $8 million and $12 million.

Laird Superfood, Inc. filed an 8-K to make an investor presentation available to the public. This presentation is intended for use during the company's engagements with investors. The furnished materials include summary information, specifically mentioning the Terrasoul Acquisition, and are meant to be reviewed in conjunction with the company's other filings with the Securities and Exchange Commission.