iFresh Inc., through its subsidiaries, operates a network of grocery supermarket chains in the north-eastern United States. It operates through Wholesale and Retail segments. The company provides vegetables, seafood, meat, fruits, snacks, seasonings, and spices, such as peanut oil, cooking wine, vinegar, dark soy sauce, black bean sauce, pepper oil, and chilly oil; tea, condiments, canned goods, flour products, marine food products, candies groceries, traditional Chinese medicine, health products, and dried food; rice and rice products; assortment of noodles, frozen vegetables, frozen dumplings, frozen seafood products, and aquatic products; and cooking utensils. Its brand portfolio includes Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, and I FRESH. The company also distributes its products to wholesale stores, retail supermarkets, and restaurants. As of August 10, 2020, it operated nine retail supermarkets and two in-house wholesale businesses. The company offers its products through online sales channels and delivery network in suburban areas. iFresh Inc. was founded in 1995 and is headquartered in Long Island City, New York.
IPO Year: n/a
Exchange: NASDAQ
Website: ifreshmarket.com
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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
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. Mr. Long Deng, Chairman of iFresh, stated,
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
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 cross-border e-commerce platform. Now it is formally launched on the cross-border e-commerce platform. Since its launch in 2014, Tmall Global has become a leading Cross-Border E-Commerce Marketplace in China, owned by one o
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 hearing before a Nasdaq Hearings Panel (the "Panel"). The Company plans to timely request a hearing before the Panel, which request will automatically stay any further suspension or delisting action by Nasdaq th
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 addi
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. Bit Farm Inc., incorporated in Florida, focuses in the technology sector, with operations in agriculture (including cannabis) and digital currency
NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- BIMI International Medical Inc. (NASDAQ:BIMI) ("BIMI" or the "Company"), a leading healthcare products and services provider in China, today announced the appointment of Amy Xue as the Company's new Chief Financial Officer, effective July 15, 2021. Xue is a CPA and ACCA certified accountant and experienced senior finance executive. Prior to her appointment as BIMI's Chief Financial Officer, she served as CFO at iFresh, Inc. (NASDAQ:IFMK) between March 2020 and June 2021. She has also served as the CFO of Goldenbridge Acquisition Ltd. since March 2020 and is also the Audit Committee Chairwoman at MingZhu Logistics Holdings Limited (NASDAQ:YGMZ)
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. Headquartered in London, the UK, HungryPanda is a specialist food delivery platform that has provided authentic Chinese food and groceries to overseas Chinese and students abroad since its estab
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. The two parties have laid out necessary groundwork and preparation since November 2020, and di
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8-K - iFresh Inc (0001681941) (Filer)
8-K - iFresh Inc (0001681941) (Filer)
8-K - iFresh Inc (0001681941) (Filer)
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NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- BIMI International Medical Inc. (NASDAQ:BIMI) ("BIMI" or the "Company"), a leading healthcare products and services provider in China, today announced the appointment of Amy Xue as the Company's new Chief Financial Officer, effective July 15, 2021. Xue is a CPA and ACCA certified accountant and experienced senior finance executive. Prior to her appointment as BIMI's Chief Financial Officer, she served as CFO at iFresh, Inc. (NASDAQ:IFMK) between March 2020 and June 2021. She has also served as the CFO of Goldenbridge Acquisition Ltd. since March 2020 and is also the Audit Committee Chairwoman at MingZhu Logistics Holdings Limited (NASDAQ:YGMZ)
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