The additional seed funding will accelerate product distribution and marketing efforts, helping the company expand to a broader retail audience while investing in product innovation.
Cob’s products are entirely corn-free and gluten-free, non-GMO, and free from fillers and preservatives, making them suitable for people with corn allergies or gluten sensitivities.
The funding will support the expansion of manufacturing capabilities and operational growth.
The partnership with Whole Foods Market, an early supporter of CHUZA, continues to help the brand bring its authentic, flavorful snacks to a broader US audience.
ADM’s total segment operating profit was US$845 million for the quarter, down 19% from the previous year, reflecting agricultural and biofuel sector challenges, including softened demand for sweeteners and starches and trade disruptions impacting oilseed crush margins.