Funding to Accelerate Completion of 44,000 Square-Foot State-of-the-Art Manufacturing Facility; Company Reaffirms Fiscal 2026 Revenue Guidance of $30-$35 Million and EBITDA Target of $5 Million
LOS ANGELES, March 09, 2026 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (NASDAQ:BRFH), a leading provider of frozen, ready-to-blend and ready-to-drink beverages, today announced it has secured subscriptions for a $7.3 million senior convertible note financing. The proceeds will be used to pay off the existing mortgage on the Company's manufacturing facility in Defiance, Ohio, accelerate construction completion, and position Barfresh to control its manufacturing destiny with significantly expanded production capacity. In addition, the Company was recently approved for a $2.4 million government grant to finalize construction of the facility and install specialized equipment necessary for full-scale production operations.
The financing delivers immediate and transformative benefits to Barfresh's operations:
Facility Ownership: The Company will pay off its existing mortgage and own its manufacturing plant free and clear, eliminating debt service obligations and providing the flexibility to access additional capital if needed through refinancing.
Accelerated Construction: Funding will accelerate completion of the facility expansion, enabling Barfresh to move into the enhanced facility on an expedited timeline during 2026 and begin realizing operational efficiencies sooner.
Transformational Capacity: Once construction is complete, the facility framework will have available capacity to support over $200 million in annual revenue, representing a quantum leap in the Company's production and revenue capabilities.
Enhanced Margins and Efficiency: New equipment and an optimized facility layout will create greater operational efficiencies, increase profit margins, and provide the scalability to support aggressive growth plans.
Strategic Flexibility: Beyond Barfresh's core product lines, the expanded facility opens significant opportunities for contract manufacturing of new products owned by ...
