News & Videos - IFRESH INC.

LONG ISLAND CITY, N.Y., June 10, 2022 (GLOBE NEWSWIRE) -- On May 31, 2022, the Securities and Exchange Commission (Commission) filed a civil lawsuit alleging civil violations of the federal securities laws against iFresh, Inc. (“iFresh” or the “Company”) and Long Deng, the company’s Chief Executive Officer throughout the period at issue in the Complaint, for not fully disclosing related party transactions, which, the Commission alleged made certain of the Company’s financial...

NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”), an Asian American grocery supermarket chain and online grocer, is providing an update to investors about the status of its operations. As previously disclosed, iFresh was delisted from the Nasdaq Stock Market on November 23, 2021 based on two continued listing deficiencies, so its common stock is currently traded on the OTC Expert Market under the ticker IFMK. While seeking to establish relationships...

NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (the “Company”) (NASDAQ: IFMK), a leading Asian American supermarket chain and online grocer, announced today that on November 19, 2021, the Company received notice from the staff of the Nasdaq Stock Market (the “Staff”) that the Nasdaq Hearings Panel (the “Panel”) has denied the Company’s appeal of the Staff’s September 22, 2021 decision to delist the common stock of the Company. Accordingly, the Company’s common stock...

NEW YORK, Nov. 10, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced it has entered into a Master Product Supply Agreement (the “Agreement”) with Alibaba.com Singapore E-Commerce Private Limited (“Tmall Global”). This Agreement establishes a cross-border trade partnership, enabling iFresh to sell American food and products to China via Tmall Global’s...

NEW YORK, Sept. 28, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (the “Company”) (NASDAQ: IFMK), a leading Asian American supermarket chain and online grocer, announced today that on September 22, 2021, Nasdaq notified iFresh that due to the Company’s continued non-compliance with Nasdaq’s annual meeting and filing requirements, as set forth in Nasdaq Listing Rules 5620(a) and 5250(c)(1), respectively, the Company’s securities were subject to delisting unless the Company timely requests a...

NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has received a notification letter (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) advising that, because the Company has not filed its Form 10-Q for the period ended June 30, 2021 (the “Form 10-Q”) and the Company remains delinquent in filing its Form 10-K for the fiscal year ended...

NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced that the Company has entered into an exclusive agency agreement (“Agreement”) with Bit Farm Inc. This agreement names iFresh as the exclusive distributor of Bit Silica + ® (“Bit Silica Plus”), a fertilizer that promotes plant growth. iFresh is authorized to market and sell Bit Silica Plus in the...

NEW YORK, Aug. 02, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), an Asian American grocery supermarket chain and online grocer, is pleased to announce that its sales of dragon fruit, lychee, and longan this year have been strong. The increase in sales is due to a bountiful harvest from Dragon Seeds, a 15-acre farm based in Vero Beach, FL, that specializes in organically-grown Mibao dragon fruit and exclusively supplies its dragon fruits to iFresh. Mr....

NEW YORK, April 23, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer in the east coast of U.S., today announced it has established a partnership with HungryPanda, a global leading food delivery platform. The two parties entered into a service agreement on April 20, 2021, pursuant to which the partners have agreed to jointly launch an online perishable goods delivery service in New York....

NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced that it is partnering with Yami (formerly Yamibuy), an e-commerce platform based in Los Angeles, CA. This partnership extends iFresh’s fresh grocery, food products, and snack sales to Yami extensive nationwide network beyond iFresh’s current market through Yami’s direct-to-customer platform. The...

NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced the Company, NYM Holding, Inc. (“NYM”), certain subsidiaries of NYM, Go Fresh 365, Inc., Mr. Long Deng (the “Loan Parties”) entered into a Limited Waiver and Amendment Agreement (the “Waiver Agreement”) with KeyBank National Association (“KeyBank” or the “Lender”) with respect to a...

NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced the financial results for its fiscal second quarter ended September 30, 2020. For the second quarter 2020, the Company achieved total net sales of $24.2 million and gross profit of $4.8 million, a slight increase from the same quarter of 2019. The adjusted loss before income tax, depreciation and amortization...

NEW YORK, Sept. 17, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced that its Board of Directors has determined to cancel the special meeting of its shareholders scheduled for September 18, 2020 at which the Company had been intending to seek approvals by the shareholders of the Series A Share Exchange Proposal, the Series B Share Exchange proposal, the Nasdaq Proposal,...

NEW YORK, Aug. 28, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (Nasdaq: IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company launched its E-commerce site www.onlineifresh.com in English as part of its expansion efforts to reach out customers beyond the Chinese-speaking community. The Company has engaged Benvenuti Public Relations, a full-service public relations, marketing and social media firm specializing in the...

NEW YORK, Aug. 27, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, is pleased to announce that it has completed acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“ Jiuxiang ”), a technology company that engages in supply chain financial services, integrated payment systems, and prepaid card marketing systems (the “ Acquisition ”). As a result of the Acquisition,...

NEW YORK, Aug. 24, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has achieved positive net income in the first quarter ended June 30, 2020, and anticipates additional success due to the strategic acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd., the technology of which is expected to help the Company expand its online grocery market. During the...

NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has entered into an acquisition agreement (the “Agreement”) to acquire 100% of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“Jiuxiang”). Jiuxiang is a technology company that engages in supply chain financial services, integrated payment systems, and prepaid card marketing systems....

NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has been accepted into the United Nations Global Compact. iFresh’s participation in the United Nations Global Compact is part of the Company’s commitment to developing a sustainable business while achieving long-term success in the grocery retail industry. The United Nations Global Compact is a...

NEW YORK, July 07, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced that it has signed an exclusive distribution agreement with Shijiazhuang Yiling Pharmaceutical Co., Ltd (“Yiling Pharm”). This partnership will allow iFresh to introduce Yiling Pharm’s series of products to the US Market. Yiling Pharm (SZSE: 002603) is one of the top 20 Chinese listed pharmaceutical companies....

NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (Nasdaq: IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company is expanding iFresh’s online grocery delivery service to Florida, Maryland, and Massachusetts, in addition to New York. Starting this week, residents who live within a 60-mile radius of certain iFresh chain stores will be offered grocery delivery services via iFresh’s online store. The new...