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Barfresh Food group (OTCMKTS:BRFH) Stock Gains Momentum: Jumps 4%

Ash K , , , ,

Shares of Barfresh Food group (OTCMKTS:BRFH) ended higher on Thursday. The stock is up 13% over the past month.

Market Stats

On Thursday, BRFH stock went up 4.31% to close at $0.45 with more than 35k shares, compared to its average volume of 58K shares. The stock has moved within a range of $0.4150 – 0.4700 after opening trading at $0.4150.

Barfresh Expands Penetration of the Education Channel with Addition of 473 New School Locations

Provider of frozen, ready-to-blend, and ready-to-drink beverages, Barfresh Food group (OTCMKTS:BRFH) on December 16, 2021, announced the expansion of the education program to an extra 473 school locations with the addition of Orange County Public Schools and Hillsborough County Public Schools District District.

The 473 schools, spread out across two districts in Florida form a collective student population of more than 435,000 students.

The company is part of both dinner and breakfast menu once a week at the beginning at Hillsborough County Public Schools while it would be a part of the breakfast menu twice a week at Orange County Public Schools District.

Riccardo DelleCoste, the Company’s Chief Executive Officer said that the firm has ventured into this in schools and is looking to continue momentum all around the year.

Coste added that the response to Twist & Go has exceeded expectations and the growth in the education channel in the current year has helped the firm to achieve the highest quarterly revenue so far.

The milestone is significant and the firm is looking at adding more school locations in the coming fiscal which would drive the revenue growth for the firm.

Jamila Adams, MS, RD, Senior Administrator of Menu & Nutrition at Orange County Public Schools said that smoothies of Barfresh smoothies have been liked by students in the schools along with Strawberry Banana flavor.

Adams added that OCPS needs about 80% of students to approve new products before they are a part of the menu.

Traders Corner

BRFH stock is above the 20-Day and 50-Day Moving averages of $0.41 and $0.38 respectively. The stock is trading in the neutral zone with the RSI at 58.  The stock is up 18% in the past month.