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Stock impact report

Innovative Food Holdings, Inc. Announces Close of The Acquisition of Golden Organics [Yahoo! Finance]

INNOVATIVE FOOD HLDGS INC (IVFH) 
NASDAQ:AMEX Investor Relations: ivfh.com/investor-relations
Company Research Source: Yahoo! Finance
The acquisition adds over 800 certified organic products to IVFH's portfolio, expands its sourcing capabilities, and brings a new customer base of over 200 accounts. The deal is expected to unlock revenue and operational synergies, including cross-selling opportunities and back-office efficiencies. Golden Organics has a strong growth trajectory, with a compound annual growth rate of 22% since 2018 and trailing-twelve-month revenues of $6.8 million. 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 Show less Read more
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