Laird Superfood to outsource manufacturing, close Oregon plant, cut 55% of staff

Laird Superfood, Inc.

Board approved transition of internal manufacturing to third-party co-packers for creamers and hydration products.
Will close Sisters, Oregon production facilities by end of 2022; reduce headcount by ~46 employees (55%).
Expects ~$0.5M restructuring charges (severance, related costs) in Q4 2022; cash payments by Q1 2023.
CEO cites strategic pivot to improve gross margins toward 35% long-term target and align cost structure.

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