- Business
- Stryve Foods, Inc. (OTC: SNAX) manufactures, markets and sells healthy air-dried meat snacking products primarily in the United States and Canada; its core offerings include premium beef biltong in slices, sticks and slabs marketed under the Stryve, Kalahari, Braaitime and Vacadillos brands, featuring flavors such as Original, Cajun, Hickory, Mesquite BBQ, Teriyaki, Zesty Garlic, Hatch Green Chile and Spicy Peri Peri; these all-natural, high-protein snacks contain zero sugar, no nitrates except naturally occurring, no preservatives, no gluten and are keto-friendly, positioning the company in the better-for-you snacking segment targeting health-conscious consumers seeking alternatives to traditional jerky. Founded in 2017 and headquartered in Frisco, Texas, Stryve sources 100% premium grade beef from local U.S. ranchers, air-dries it for 14 days and distributes through its website, Amazon and over 17,000 retail stores. Recent developments include a strategic partnership with Dot Foods in October 2024 for nationwide distribution with a major retailer, expanded placements with BJ's Wholesale Club, entry into the pet category via HIGH STEAKS pet treats, an 18.5% net sales increase to $21.0 million for fiscal 2024, and early 2025 balance sheet improvements through a preferred equity transaction reducing current liabilities by $8.7 million and elimination of $10.2 million in future lease obligations by exiting a distribution facility.