Mama's Creations acquires Crown I for $17.5M; Q2 revenue to grow at least 20% to $34M

Mama's Creations, Inc.

Acquired Crown I Enterprises (Sysco subsidiary) for $17.5M cash; revenue multiple ~0.3x FY25 revenue of $56M.
Funded via new $27.4M M&T credit facility and $20M private placement of 2,666,667 shares at $7.50 each.
Crown I adds 42,000 sq ft USDA facility near Farmingdale, 200 employees, and access to premium retailers.
Q2 FY2026 preview: revenue at least $34.0M (≥20% YoY), net income at least $1.2M vs $1.1M prior year.
Acquisition expected to be accretive; cross-selling and operational synergies targeted.

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