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Stock impact report

Innovative Food Holdings, Inc. Announces New Contract with Cheney Brothers

INNOVATIVE FOOD HLDGS INC (IVFH) 
NASDAQ:AMEX Investor Relations: ivfh.com/investor-relations
Company Research Source: GlobeNewswire
BONITA SPRINGS, Fla., April 15, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, today announced a new contractual partnership with Cheney Brothers as a broadline distributor partner. With the contract signed, the Company is now embarking on the technical integration of their respective platforms and expects orders to begin flowing in the back half of this year. The partnership will largely rely on the Company’s drop-ship platform, the majority of which consists of their network of highly unique, well-vetted vendors, allowing it to build and scale this new business with little investment in infrastructure, inventory, or expenses. Cheney Brothers is a southeast broadline distributor generating more than $3 billion in revenue, and one of the fastest growing distributors in the United States. IVFH’s products will be available for sale on the new Cheney Brothers Stock Roo Show less Read more
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