Laird Superfood Completes Acquisition of Navitas LLC

BOULDER, Colo.--(BUSINESS WIRE)-- #coffee--Laird Superfood, Inc. (NYSE American: LSF) (“Laird Superfood,” “Laird” or the “Company”), today announced the completion of its previously announced acquisition of all of the outstanding equity of Navitas LLC (“Navitas”) for a purchase price of $38.5 million (the “Navitas Acquisition”). The Navitas Acquisition was funded through the concurrent private placement (the “Nexus Investment” and, together with the Navitas Acquisition, the “Transactions”) of $50.0 milli.