By Josh BeckermanBranchOut Food shares surged 83% to $2.52 as it expanded its relationship with "the nation's largest retailer," renewing a contract for two dried fruit products and entering a new contract for two dried vegetable items. Volume was more than 1.68 million shares, compared with a 65-day average of 10,476. The company's press release didn't name the retailer, but last June it reported a contract with Walmart for dried fruit products. BranchOut said the new agreement is valued at an estimated $7.6 million annually. The company said in January that fourth-quarter gross revenue was about $1.6 million.

Source: Wall Street Journal February 12, 2024 19:18 UTC