Laird Superfood, Inc. closed its $38.5 million acquisition of Navitas LLC on March 12, 2026, following shareholder approval of the deal and a concurrent $50 million Series A convertible preferred stock placement with Nexus Capital Management, LP, on March 11, 2026.
The purchase expands Laird’s product portfolio and distribution network by adding Navitas’s established retail and club‑store presence to the company’s growing wholesale platform. The integration is expected to generate supply‑chain efficiencies and broaden the combined entity’s consumer reach, accelerating growth in the functional‑food market.
The financing gives Nexus Capital Management a controlling stake in Laird. Upon conversion, Nexus’s preferred shares will represent 56.3 % of Laird’s common equity, potentially rising to 73.9 % if additional shares are issued. The new board composition will include four Nexus‑appointed directors, giving the investor significant influence over strategy and governance.
Prior to the acquisition, Laird reported $48.15 million in revenue for the twelve months ending February 2026, an 18 % increase from the previous year. The deal is positioned to build on that momentum by adding Navitas’s premium organic superfood line and expanding the company’s presence in major retailers such as Costco and other club‑stores.
"Today marks a pivotal milestone for our Company. By bringing Navitas into the Laird Superfood family, we are combining two pioneering brands united by a shared commitment to clean‑ingredient, high‑quality nutrition," said Jason Vieth, CEO of Laird Superfood. "Together, we believe that we have the product breadth, supply‑chain capabilities and consumer reach to accelerate growth and deliver on our vision of building a leading positive nutrition platform." Ira Haber, CEO of Navitas, added, "We are thrilled to officially join forces with Laird Superfood. Our brands share a deep‑rooted mission of making nutrient‑dense, minimally processed foods accessible to consumers everywhere." Kayla Dean Obia, Principal at Nexus, noted, "These transactions create a powerful platform for innovation, expanded distribution and long‑term growth—while staying true to the values that resonate with today’s health‑conscious consumers." Michael Cohen, Partner at Nexus, said, "We are pleased to formalize our partnership with Laird Superfood at this transformative moment for the business. Laird has built a differentiated portfolio of premium products with strong consumer loyalty, and the addition of Navitas meaningfully strengthens that position."
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