Divisadero Street Capital Management, LP Files Schedule 13G for Lifeway Foods, Inc.

Divisadero Street Capital Management, LP, along with William Zolezzi, Divisadero Street Partners, L.P., Divisadero Street Partners GP, LLC, and Divisadero Street Capital, LLC, have filed a Schedule 13G with the SEC, reporting beneficial ownership of 861,369 shares of Common Stock, no par value, of Lifeway Foods, Inc. This represents approximately 5.7% of the outstanding shares. The filing indicates that the securities are directly owned by advisory clients of Divisadero Street Capital Management, LP, with none of these clients, other than Divisadero Street Partners, L.P., beneficially owning more than 5% of the Common Stock. The filing is made pursuant to Rule 13d-1(c) and includes a Joint Filing Agreement and Control Person Identification as exhibits. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest.