Barfresh Food Group Inc (OTCMKTS:BRFH) has been a part of this growth in the food market. The company develops, manufactures and distributes unique read-to-blend beverages. Some of these include shakes and smoothies that then get sent out to restaurants and food- chains. Barfresh Food Group Inc (OTCMKTS:BRFH) uses pre-packed ingredients that make new frozen beverages that are quick, cost-efficient, and healthier. The company has a special partnership with the leading food distributor in North America.
As previously mentioned, the company has been a part of the great growth in the food market. In August, they released great Q1 results; from July to August, they added added over 500 new customers, and have begun shipping to 137 new customers. “Our first quarter fiscal year 2016 sales increased 173% from the year ago quarter. In addition, sales in the first quarter exceeded the last three quarters of last year combined. Additionally, ordering trends for July and August have continued at a strong pace. Our business model is gaining momentum as we continue to hire sales representatives and achieve wins for our distribution business, and our large national accounts,” Riccardo Delle Coste, the Company’s CEO, said. Over the last three months, the BRFH has seen lows of $0.52 and has risen 52% to highs of $0.79.
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