Laird Superfood Q2 revenue up 244% to $41.3M; adjusted EBITDA $3.0M

Laird Superfood, Inc.

Net sales rose 244% YoY to $41.3M vs $12.0M; e-commerce up 221% (49% of sales), wholesale up 269% (51%).
Net loss widened to $1.8M ($0.25/share) from $0.4M ($0.03/share) on Navitas/Terrasoul acquisition and integration costs.
Adjusted EBITDA improved to $3.0M from $0.1M; gross margin compressed to 30.3% from 39.9% on mix and commodity costs.
Closed Terrasoul Superfoods acquisition; integrated Navitas; launched coffees/creamers at ~1,000 Wal-Marts; cash at $23.2M.

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