Sow Good launches freeze dried candy, expands capacity to $35M; also issues up to $100K note + warrant

Sow Good Inc.

Launches 16-SKU freeze dried candy line; retail partners include Five Below, IT'SUGAR, Showcase, TJX Canada, Redstone Distributors, Imperfect Foods.
Addition of two freeze driers boosts annual production capacity to approximately $35 million.
Cites viral TikTok trend (#freezedriedcandy over 2B views) and NCA forecast of non-chocolate candy reaching $20B by 2027.
Closed private placement of up to $100,000 8% note with warrant to purchase 25,000 shares at $2.50 per share.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sow Good Inc. entered into Note and Warrant Purchase Agreement with an accredited investor valued at up to $100,000 (effective 2023-05-11).

Action: entry
Agreement: equity purchase
Counterparty: an accredited investor
Value: up to $100,000
Effective: 2023-05-11

Exact text from the filing

on May 11, 2023, the Company entered into a Note and Warrant Purchase Agreement (the "Purchase Agreement") with an accredited investor (the "Purchaser") to sell and issue to the Purchaser in reliance on Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 promulgated thereunder, (i) up to $100,000 in the May 2023 Promissory Note (the "Note") and (ii) a ten-year warrant

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Sow Good Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-003415

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