iFresh

iFresh, Inc. engages in the management of grocery supermarket chain and online grocer. The company offers a range of food products such as vegetables, fruits, and seafood and other merchandise. It operates through the Wholesale and Retail segments. The company was founded in 1995 and is headquartered in Long Island City, NY.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

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 statements materially inaccurate. Mr. Deng, through one of his attorneys, Jacob Frenkel, Chair of the Securities Enforcement and Government Investigations Practice at national law firm, Dickinson Wright, PLLC, responds to the allegations.

Long Deng Responds to SEC Allegations

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 with market makers to provide additional trading opportunities in its stock, the Company is working on returning to compliance with ongoing reporting obligations.

iFresh Provides Update on Operations

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 will be delisted effective with the open of business on November 23, 2021. The Company's common stock is expected to continue to be traded on the OTC Expert Market, and the Company will seek to establish relationships with market makers to provide additional trading opportunities in the Company's stock. However, there can be no assurance that a market for the Company's shares will develop.

iFresh Announces NASDAQ Delisting

The stock price of iFresh Inc (NASDAQ: IFMK) increased by 36.45% today. This is why it happened.

iFresh (IFMK) Stock: Why The Price Surged Today

Company to Request Hearing Company to Request Hearing

iFresh Receives Nasdaq Listing Determination

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 March 31, 2021 as stated in Nasdaq's notification letter dated July 15, 2021 (the “July 15 Notice”), the Company does not comply with Nasdaq's Listing Rules for continued listing. This deficiency Notice is in addition to the July 15 Notice issued by the Nasdaq. Nasdaq Listing Rule 5250(c)(1) (the “Rule”) requires a company to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “Commission”) through the EDGAR system (the “Filing Requirement”).

iFresh Reports a New Deficiency Notice Issued by Nasdaq

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 United States for the next twelve months, with an option to extend.

iFresh Announces Exclusive Agency Agreement with Bit Farm Inc.

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. Long Deng, Chairman of iFresh, owns the majority of Dragon Seeds.

iFresh Announces Strong 2021 Harvest and Sales of Exotic Fruit Products

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.

iFresh Announces Delivery Partnership with HungryPanda

iFresh is no longer just a grocery and wholesale business - it makes liquor, masks, and other daily necessities. iFresh was awarded $2.5 million from a court dispute. This is a huge boost to its finances.

iFresh: Buy The Recovery Or Wait

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 Company expects that the partnership will provide Yami's customers with the opportunity to purchase iFresh products.

iFresh Partners with E-commerce Platform Yami to Extend Online Marketplace Business

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.

iFresh Announces Fiscal Second Quarter 2020 Financial Results

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, and the Adjournment Proposal.  A new meeting date for the re-scheduled shareholders’ meeting will be announced by the Company in the near future.

iFresh Announces the Cancellation of Special Meeting of Shareholders

Broadening Customer Base Through New PR Campaign Broadening Customer Base Through New PR Campaign

iFresh Launches E-commerce Site in English

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, Jiuxiang has become an indirect wholly-owned subsidiary of iFresh.

iFresh Announces Completion of Acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd.

Achieved net income of $3.6 million in 2020 Q1 compared to net loss of $3.4 million in 2019 Q1 Achieved net income of $3.6 million in 2020 Q1 compared to net loss of $3.4 million in 2019 Q1

iFresh Announces Positive Net Income for First Quarter 2020 and Anticipates Continued Success from Strategic Acquisition with Jiuxiang

Acquisition will strengthen iFresh’s e-commerce business model Acquisition will strengthen iFresh’s e-commerce business model

iFresh Announces Entry into Definitive Agreement to Acquire Jiuxiang Blue Sky Technology (Beijing) Co., Ltd.

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.

iFresh Announces Joining United Nations Global Compact As Part of Its Sustainable Business Development

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.

iFresh Announces Exclusive Distribution Agreement with Shijiazhuang Yiling Pharmaceutical in the US

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 store locations providing delivery services and their respective mile ranges are as follows: 

iFresh Expands Online Grocery Delivery Service to Additional States

NEW YORK, May  05, 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 donated 20,000 face masks, 200 KN95 respirator masks, and 1,000 pairs of gloves to local, New York City frontline workers. Half of the face masks and all KN95 respirator masks are FDA/CE certified and manufactured by Xiamen DL Medical Technology Co. Ltd., (“Xiamen DL”), a 70% owned subsidiary of the Company.

iFresh Donates Masks and Gloves to Frontline Workers

NEW YORK, May  05, 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 received a written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on May 4, 2020, indicating that the Company has regained compliance with Nasdaq’s continued listing requirements and that its common stock will continue to be listed on Nasdaq Stock Market.

iFresh Announces It Has Regained Compliance with Nasdaq Listing Rules

NEW YORK, April  29, 2020  (GLOBE NEWSWIRE) -- On April, 2, 2019 8:30 ET, iFresh, Inc., a leading Asian American grocery supermarket chain and online grocer previously announced that its affordable 3-ply disposable face masks  would be available in iFresh chain stores, the iFresh online store at  www.onlineifresh.com , and via the Amazon marketplace. Unfortunately, iFresh’s application to sell the face masks on Amazon was rejected and the masks are only available through its online store at  www.onlineifresh.com  and chain stores. 

iFresh Face Masks Available Through its Chain Stores and Online Store

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NEW YORK, April  09, 2020  (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that as our communities continue to battle the rapidly evolving pandemic, iFresh is committed to provide the essential grocery shopping services while doing its best to protect the Company’s valued customers and employees. This has resulted in several temporary changes to store closures in some locations and reduced hours in remaining opening stores. To continue fulfilling our customers’ daily needs, iFresh’s online grocery delivery service is now available and has become one of the most popular options during this challenging period. The orders from the Company’s “fresh quick delivery” online grocery platform have been increasing significantly; close to 1,000 orders have been received for the past ten days and an average of $200 dollars per order. The Company is expecting to see steady growth in online grocery delivery sales as the residents continue to stay at home.

News for iFresh Stock (IFMK)