Borealis Foods CEO issues shareholder letter; expects to resolve going concern by end of 2024

Borealis Foods Inc.

CEO outlines product mix improvement led to gross profit in Q4 2023 and Q1 2024.
Woodles product expected to ship to U.S. schools in Q3 2024, positively impacting sales.
Inclusion in Feeding America program makes Chef Woo ramen available at ~600 Sam's Clubs.
Company expects to resolve going concern issue by end of 2024 through majority shareholder debt support.
Investments in R&D, marketing, and Gordon Ramsay brand ambassador to drive demand.

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