Borealis Foods Inc.
NASDAQ Capital MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Reza Soltanzadeh
- Full Time Employees
- 140
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Address
- 1540 Cornwall Rd Oakville ON Canada L6J 7W5
- IPO Date
- Oct 6, 2021
- CIK
- 0001852973
- Website
- borealisfoods.com
- Similar Companies
- Business
- Borealis Foods Inc. (Nasdaq: BRLS) operates as a food technology company focused on developing and manufacturing high-quality, affordable, sustainable, and nutritious plant-based ready-to-eat meals, primarily innovative ramen noodles enriched with complete protein from legumes and grains. The company offers core products including high-protein ramen under the Chef Woo brand in flavors such as Thai Lemongrass, Sweet Chili Togarashi, Braised Beef, Spicy Tequila Lime, and Roasted Chicken; whole grain-rich ramen under the Woodles brand for K-12 school foodservice; and additional ramen varieties under the Chef Ramsay, Ramen Express, and Woodles brands, all of which are vegan, non-GMO, free of added MSG and TBHQ, and available as shelf-stable options suitable for retail, military rations, humanitarian aid, and emergency nutrition. Through its wholly owned subsidiary Palmetto Gourmet Foods, which operates a high-capacity U.S. manufacturing facility in South Carolina with BRCGS AA+ food safety certification and annual production capacity exceeding 600 million meals, Borealis Foods distributes its products across more than 30,000 retail points in the United States and Canada, with expanding presence targeting Europe, Mexico, and global markets. Founded prior to its public listing via a de-SPAC transaction in early 2024 with Oxus Acquisition Company and headquartered at 1540 Cornwall Road, Suite 104, Oakville, Ontario, Canada, the company serves consumer packaged goods retailers including Walmart, Costco, Aldi, and Sam's Club; institutional markets such as schools and military; and humanitarian partners like Feeding America to combat food insecurity and malnutrition. In November 2024, Borealis Foods announced a significant strategic partnership with one of the world's largest multinational food and beverage conglomerates, under which its Palmetto Gourmet Foods subsidiary will exclusively manufacture and formulate a leading global ramen brand enjoyed by over a billion consumers worldwide, with six new SKUs slated for national U.S. launch in Q1 2025 to substantially expand production utilization and portfolio diversification. The company also partnered with a fast-growing U.S. grocery chain as the exclusive ramen producer and joined forces with Sam's Club and Feeding America through its Chef Woo High Protein Ramen in the "Fight Hunger. Spark Change." initiative to address malnutrition. These alliances build on its post-listing growth trajectory, including transition to full-scale CPG production since 2019 and emphasis on U.S.-sourced supply chains to target Gen Z consumers seeking flavorful, protein-enriched instant meals.
Borealis Foods Expands Access to Protein-Rich Chef Woo Noodles Through Costco
Borealis Foods Expands Access to Protein-Rich Chef Woo Noodles Through Costco
Borealis Foods CEO Highlights Manufacturing Partnerships with Leading Global Food Companies as New Product Rollout Expands in U.S. and Canada
Zacks Initiates Coverage of Borealis Foods With Underperform Recommendation
Borealis Foods Announces $17.0 Million Refinancing Transaction with Oxus Capital to Repay Frontwell Facility and Support Operations
Borealis Foods Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal 2025
Borealis Foods Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal 2025
Borealis Foods Inc. (NASDAQ:BRLS) Sees Large Growth in Short Interest
Borealis Foods (NASDAQ:BRLS) Shares Up 2.4% – Here’s Why
Borealis Foods Receives National Recognition and Reports Strong Q2 Results
Borealis Foods' CEO Reza Soltanzadeh Issues Letter to Shareholders
Borealis Foods to exclusively produce a leading global Ramen brand for Major Multinational Food Company in its US factory
Borealis Foods Reaches Successful Milestone Selling Over 2 Million Units On Amazon
Borealis Foods Expands U.S. Walmart Distribution with the Launch of Ramen Noodles by Chef Ramsay Crafted by Master Chef Gordon Ramsay
Borealis Foods Announces Successful Introduction of Woodles® into U.S. School Lunch Programs, Promoting Healthy and Sustainable Eating for Students
Texas Tech University and Borealis Foods Unveil Transformative Clinical Trial Findings on Consumption of High-Protein Chef Woo Ramen
Borealis Foods to Present at 26th Annual H.C. Wainwright Global Investment Conference
Borealis Foods' CEO Reza Soltanzadeh Issues Letter to Shareholders; Highlights Continued Gross Margin Expansion and Expectation for Stronger Second Half of 2024
Borealis Foods' CEO Reza Soltanzadeh Issues Letter to Shareholders; Outlines Recent Product Mix Improvement and Investments in Growth
Borealis Foods' CEO Reza Soltanzadeh Issues Letter to Shareholders Providing Corporate Update