Once Upon A Farm, PBC (OFRM) Faces Investor Scrutiny Amid Product Recall – HBSS
Globe Newswire•04/11/2026•15:13 ET
0
Key Highlights
- ➤OFRM shares fell 37% to $9.44, about 47% below the $18 IPO price
- ➤Tractor Wheels bars recalled over potentially fatal choking hazard for toddlers
- ➤Tractor Wheels represented 18% of year-to-date total net sales
- ➤Hagens Berman opened an investigation into OFRM’s sales-concentration disclosures
- ➤FDA reported complaints of toddlers suffering complete airway obstruction after consuming Tractor Wheels
Expert Statements
John Foraker, CEO of Once Upon A Farm, PBC
“their absence will affect sales until we resume shipments.”
Reed Kathrein, Partner at Hagens Berman
“We’re focused on whether OFRM was sufficiently transparent about potential risks of its products.”
SAN FRANCISCO, Nov. 04, 2026 (GLOBE NEWSWIRE) -- On November 2, 2026, investors in Once Upon A Farm, PBC (NYSE: OFRM) saw the price of their shares continue to tumble 37% to close at $9.44, or about 47% lower than its $18 IPO price.
The dramatic move lower was triggered by OFRM’s surprise revelation that it recalled Tractor Wheels soft-baked bars because they present a potential choking hazard for toddlers.
Get started
Create a free account to read the full story.