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):
June 22, 2023
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 June 22, 2023, 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 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated June 22, 2023 |
| 104 | Cover<br>Page Interactive Data File (embedded within the Inline XBRL document). |
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: June 22, 2023 |
| 2 |
| --- |
Exhibit 99.1
Sow Good Inc. Exceeds Expectations in Freeze Dried Candy MarketDebut
IRVING, TX June 22, 2023 – Sow Good Inc. is thrilled to share that its newly launched freeze dried candy line has performed exceptionally well, with sales already exceeding $1 million. Surpassing projected growth and demand trajectories, Sow Good has firmly established itself as a frontrunner in the freeze dried candy market.
The extraordinary response to Sow Good's freeze dried candy has necessitated significant expansions to meet production demands. The company has increased its headcount by 40%, ensuring an efficient manufacturing and order fulfillment process. Moreover, Sow Good has exciting plans for the remainder of 2023, including the expansion of its freeze dryer production capacity and addition of a 12,000 square foot warehouse in Irving, TX to accommodate its growing distribution footprint.
Ira Goldfarb, Sow Good's Executive Chairman, stated, "We have signed a lease for a new warehouse and will be moving distribution to that location within the next 60 days. This expansion, driven by the rapid influx of both first time orders and re-orders, will streamline our operations and maximize manufacturing efficiency."
In addition to these expansion efforts, Sow Good is delighted to announce its partnerships with major retailers, further solidifying its market presence. The company will be launching a range of its freeze dried candy SKUs in FYE, Big Lots, and Hy-Vee, bringing its innovative and unique products to a wider audience.
Claudia Goldfarb, CEO of Sow Good, stated, "We are thrilled with the overwhelming response we have received thus far. Our commitment to disrupting the candy industry with fun, innovative, and exceptional products is resonating with consumers and retailers alike. Building on this success, we are excited to unveil our new 5-SKU freeze dried ice cream sandwich line in Q3, which has already garnered significant interest from our retail partners.”
Regarding Sow Good’s substantial workforce expansion, Claudia added, “Our ever-growing team is vital to our ability to meet customer demand. I take pride in the majority of our employees being Hispanic and female—as we continue to grow, we will continue fostering growth in our communities through meaningful employment opportunities. This remains one of our core pillars in Sow Good’s mission to sow seeds of positive change.”
Sow Good's successful freeze dried candy launch demonstrates that freeze dried candy is a growing category with stay power and Sow Good is well-positioned to lead this growth with innovation and agile manufacturing.
About Sow Good Inc.
Sow Good Inc. (OTCQB:SOWG) is a freeze dried candy and snack company based in Irving, TX with an SQF-2 certified facility that holds three freeze driers built using proprietary technology. Sow Good is dedicated to becoming a household brand the revolutionizes the snacking industry with products that are convenient, shelf-stable, and delicious. To purchase Sow Good online or learn more, visit www.thisissowgood.com and follow @thisissowgood on TikTok, Instagram, Youtube, and Facebook.