8-K
Sow Good Inc. (SOWG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934
Date of Report (Date of earliest event reported):
May 26, 2022
SOW GOOD INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-53952 | 27-2345075 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (I.R.S. Employer<br><br> <br>Identification No.) |
1440 N Union Bower Rd
Irving, TX 75061
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (214) 623-6055
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(g)of the Act:
| Title of each Class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock | SOWG | OTCQB |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
INFORMATION TO BE INCLUDED IN THE REPORT
Item 8.01 Other Events.
On May 26, 2022, the Company issued a press release regarding an update on its operations. A copy of the press release is being furnished to the Securities and Exchange Commission and is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01 FinancialStatements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated May 26, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 2 |
| --- |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SOW GOOD INC. | ||
|---|---|---|
| By: | /s/ Claudia Goldfarb | |
| Claudia Goldfarb | ||
| Chief Executive Officer<br><br> <br>**** | ||
| Date: May 26, 2022. |
| 3 |
| --- |
Exhibit 99.1
Sow Good, Inc. Announces Expansionof Production Capacity and North American Distribution
May 26, 2022
Irving, Texas, May 26, 2022 — Sow Good, Inc. (OTCQB: SOWG) announced its successful capital raise of $3.7 million (further details available in 8-K filed on 4/14/22), primarily for the construction of the company’s second and third freeze driers.
The additional two freeze driers are necessary to increase Sow Good’s production capabilities and meet the anticipated demand from increased retail, direct-to-consumer (DTC), and joint venture opportunities. The two additional freeze driers will be fully operational in Q1 2023.
The company’s progress from one freeze drier to three, in less than two years, will allow Sow Good to provide more job opportunities; bring healthy, sustainable, natural snacks to more consumers; and be at the forefront of the rapidly developing freeze dried industry. According to Global Insights, Inc., the global freeze dried market is expected to hit $130 billion by 2027.
“We are incredibly excited about the freeze dried trend and how that will impact Sow Good’s future,” said Executive Chairman Ira Goldfarb.
Contributing to increased production demand is the expansion of distribution across North America. Sow Good has launched 16 SKUs with KeHE Distributors, a leading distributor for natural foods, in five of their distribution centers: Chino, CA; Romeoville, IL; Dallas, TX; Northeast, MD; and Flower Mound, DC. KeHE distributes products to over 30,000 natural food stores, chain and independent grocery stores, e-commerce retailers and other specialty retailers throughout North America.
Sow Good has also launched 12 SKUs with Star Wholesale LTD, a food distributor servicing both eastern and western Canada.
Sow Good’s e-commerce presence has likewise expanded with its initial launches in Walmart.com (WMT) and Target.com (TGT).
“Sustain Us”, the sister brand under Sow Good, Inc. oriented toward the long-term food storage market, is launching in Sierra Trading Company with 5 SKUs.
“These important developments are compounded with the return of in-person meetings, from in-store product samplings, buyer meetings, to trade-shows,” said CEO Claudia Goldfarb. “Expo West, a top trade-show and hotspot for natural products held in Anaheim, CA. in March 2022, was incredibly successful for Sow Good. We are excited to attend the many upcoming tradeshows this summer to continue meeting buyers and increase brand exposure.”
About Sow Good
Sow Good Inc. (OTCQB: SOWG) is dedicated to producing the highest quality and nutritious products in the freeze dried food industry while building a brand that celebrates the importance of sustainability, environment, and community. Sow Good’s offerings are shelf-stable, plant-based, and gluten- and preservative-free. To purchase Sow Good online or learn more, visit www.thisissowgood.com and follow @thisissowgood on Instagram and Facebook.