Laird Superfood Announces Acquisition of Terrasoul Superfoods and Additional $60 Million Convertible Preferred Equity Investment from Nexus Capital

BOULDER, Colo.--(BUSINESS WIRE)-- #coffee--Laird Superfood, Inc. (NYSE American: LSF) (“Laird Superfood” or the “Company”) today announced that it has completed the acquisition of Terrasoul Superfoods, LLC (“Terrasoul Superfoods” or “Terrasoul”), a vertically integrated superfoods brand for $48.0 million in cash, subject to customary purchase price adjustments, with an additional earnout of up to $5.0 million payable in cash if certain performance-based milestones are achieved (the “Terrasoul Acquisition.