Note 16 - Subsequent Event

6 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Subsequent Events [Text Block]

16. Subsequent Event

On November 8, 2023, the Company executed an Asset Purchase Agreement and associated License Agreement with B&G Foods, Inc., (“the Seller”) to acquire certain assets from the Seller relating to its Green Giant® shelf-stable vegetable product line. The acquired assets include inventory and an associated license which allows the Company to manufacture, market, distribute, and sell Green Giant® shelf-stable vegetable products within the United States in perpetuity. The initial purchase price was approximately $55.6 million in cash that was funded from borrowings under the Company’s Revolver. The initial purchase price is subject to certain post-closing adjustments which are expected to be finalized prior to the Company’s fiscal year ending on March 31, 2024.