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Stryve Foods ( (SNAX) ) just unveiled an announcement.
On February 6, 2025, Stryve Foods, Inc. finalized a Lease Termination Agreement with Denali Texas 16240 Gateway Industrial, LLC, effectively ending the lease for its distribution center in Frisco, TX. This agreement involved issuing an unsecured promissory note for $1.1 million to the landlord, releasing Stryve from $10.2 million in future lease obligations. This move is part of a larger network optimization project completed by Stryve, announced on February 11, 2025, which is expected to yield over $1 million in annual savings through improved efficiencies and reduced costs. These strategic efforts are in alignment with Stryve’s transformation agenda, enhancing its operational agility and financial health while focusing on its core competencies in product innovation and marketing.
More about Stryve Foods
Stryve Foods, Inc. is a company specializing in premium air-dried meat snacks, offering products under the brands Braaitime, Kalahari, Stryve, and Vacadillos. The company aims to disrupt traditional snacking and consumer packaged goods categories by providing healthier alternatives that are high in protein and lower in sugar and carbohydrates. Stryve’s products are Keto and Paleo diet-friendly and are distributed across major retail channels in North America, as well as through e-commerce platforms like Amazon and Walmart.
YTD Price Performance: -15.38%
Average Trading Volume: 94,351
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.88M
For detailed information about SNAX stock, go to TipRanks’ Stock Analysis page.
