Innovative Food Holdings, Inc. Announces Close of The Acquisition of Golden Organics
INNOVATIVE FOOD HLDGS INC (IVFH)
NASDAQ:AMEX Investor Relations:
ivfh.com/investor-relations
Company Research
Source: GlobeNewswire
BONITA SPRINGS, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, is pleased to announce the successful closing of its acquisition of the assets of Golden Organics, Inc., a Denver-based specialty food distributor (“Golden Organics”), pursuant to an asset purchase agreement entered on October 14, 2024 (the “Transaction”). The final value of the assets of Golden Organics, after working capital adjustments, was $1.58 million, payable in $1.23 million in cash and a $350,000 seller’s note payable over five years at a 6% interest rate. As part of the Transaction, IVFH acquires Golden Organics’ inventory, valued at approximately $1.23 million, and approximately $130,000 in property, plant, and equipment. Strategic Highlights of the Transaction: Expanded product portfolio: The Transaction adds over 800 certified organic products to IVFH’s portfolio, furthering
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News
- Innovative Food Holdings, Inc. Announces Close of The Acquisition of Golden Organics [Yahoo! Finance]Yahoo! Finance
- Innovative Food Non-GAAP EPS of $0.01, revenue of $17M [Seeking Alpha]Seeking Alpha
- Innovative Food Holdings, Inc. Reports Financial Results for Third Quarter 2024GlobeNewswire
- Innovative Food Holdings, Inc. Announces Q3 2024 Earnings CallGlobeNewswire
- Innovative Food Holdings, Inc. Announces Fulfillment of Largest Purchase Order in the Company's History [Yahoo! Finance]Yahoo! Finance
IVFH
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 8-K
- 11/13/24 - Form 10-Q
- IVFH's page on the SEC website