Innovative Food Holdings, Inc. Announces Sale Of Florida Building, Netting The Company $1.9 Million [Yahoo! Finance]
INNOVATIVE FOOD HLDGS INC (IVFH)
NASDAQ:AMEX Investor Relations:
ivfh.com/investor-relations
Company Research
Source: Yahoo! Finance
of gourmet specialty foods to Professional Chefs, today announced the completion of the sale of its Bonita Springs, Florida building. The Company sold the building for $2.455 million, netting approximately $1.9 million in cash proceeds after accounting for the agent fee of $147,300, the loan payoff of approximately $355,603, and other closing costs of $56,439. IVFH has transitioned the majority of its Florida team to remote working positions, moved its server to its Chicago warehouse, and relocated the remaining Florida office roles to a significantly smaller 1,000 square foot leased office space. The net effect of the changes will also save the company approximately $60,000 per year in operating expenses. Bill Bennett, CEO of IVFH, stated, “Today's announcement is another step forward on our plan to stabilize the Company, payoff debt, and generate cash to invest in our profitable foodservice businesses. These actions, combined with our stronger margins, improved operating perform
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IVFH
News
- Innovative Food Holdings, Inc. Announces Q1 2024 Earnings Call, 2024 Annual Meeting, and CEO Letter to ShareholdersGlobeNewswire
- Innovative Food Holdings, Inc. Announces New Contract with Cheney Brothers [Yahoo! Finance]Yahoo! Finance
- Innovative Food Holdings, Inc. Announces New Contract with Cheney BrothersGlobeNewswire
- Innovative Food Holdings, Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023 [Yahoo! Finance]Yahoo! Finance
- Innovative Food Holdings, Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023GlobeNewswire
IVFH
Sec Filings
- 4/30/24 - Form 8-K
- 4/25/24 - Form ARS
- 4/24/24 - Form DEF
- IVFH's page on the SEC website