MamaMancini's files audited FY2020 financials for acquired T&L Creative Salads and Olive Branch

Mama's Creations, Inc.

T&L Creative Salads FY2020 net sales $18.96M, net income $443k, total assets $6.66M.
Olive Branch LLC FY2020 net sales $3.32M, net income $267k, total assets $814k.
T&L had $2.44M long-term debt including $796k PPP loan (forgiven June 2021).
T&L major customers accounted for 59% of revenue; Olive Branch 90% customer concentration.
T&L paid $1.4M lump sum to settle founder consulting obligation upon asset sale Dec 2021.

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