Laird Superfood Inc To Acquire Navitas LLC Transcript

Dec 22, 2025 / 09:30PM GMT

Release Date Price: $2.53 (+15.00%)

Transcript

Operator

Good afternoon, everyone, and thank you for joining today's lair Superfood acquisition announcement. My name is Reagan and I'll be your moderator for today's call. (Operator Instructions)

I would now like to pass the conference over to our host, Jason Vieth, CEO of Layer Superfood. Please proceed.

Jason Vieth

Laird Superfood Inc - President, Chief Executive Officer, Director

Good afternoon, everyone. My name is Jason Vieth, and I'm the CEO of Laird Superfood. Thank you for joining me today as I share some exciting news about the future of our company. Today, we're thrilled to announce that Laird Superfood has entered into an agreement to acquire Navitas LLC, the company behind the renowned Navitas Organics brand.

This acquisition valued at $38.5 million in cash is a pivotal step in our ongoing strategy to build a scaled and diversified platform in the functional nutrition space. We're funding this acquisition through a $50 million convertible preferred equity instrument from Nexus Capital Management with the option to draw up to an

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