Innovative Food Holdings, Inc. Announces Close of the Sale of igourmet.com Business
INNOVATIVE FOOD HLDGS INC (IVFH)
NASDAQ:AMEX Investor Relations:
ivfh.com/investor-relations
Company Research
Source: GlobeNewswire
BONITA SPRINGS, Fla., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, announced today the close of a transaction to sell its consumer e-commerce business igourmet.com for $700,000 in cash ($175,000 of which is due 30 days after closing), plus the assumption of approximately $350,000 of gift card liabilities. The Company’s Pennsylvania facility is not included in the transaction. Acting as sell-side advisors on the transaction were Sampford Advisors, Inc. and Erben M&A Advisors. Chief Executive Officer Bill Bennett stated, “With today’s announcement, we mark continued progress against our strategic stabilization plan of selling off assets that are not a fit for our larger scale, more profitable foodservice business, as first discussed in our November 2023 earnings call. The cash for this sale will be used to invest into our new retailer business, as we ram
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News
- Innovative Food Holdings, Inc. Announces Close of The Acquisition of Golden Organics [Yahoo! Finance]Yahoo! Finance
- Innovative Food Holdings, Inc. Announces Close of The Acquisition of Golden OrganicsGlobeNewswire
- 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
IVFH
Sec Filings
- 11/21/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 10/18/24 - Form 8-K
- IVFH's page on the SEC website