iFresh Reports Strong Sales Of Dragon Fruit, Lychee And Longan

  • Grocery supermarket chain iFresh Inc IFMK has reported strong sales of exotic fruit varieties like dragon fruit, lychee, and longan in 2021.
  • iFresh expects 2021 sales of dragon fruit, longan, and lychee to reach $1.2 million, $350,000, and $350,000, respectively.
  • The increase in sales is due to a good harvest from Dragon Seeds, a 15-acre farm based in Vero Beach, Florida, specializing in organically-grown Mibao dragon fruit and exclusively supplying its dragon fruits to iFresh.
  • Long Deng, Chairman of iFresh, owns the majority of Dragon Seeds.
  • "Our partnering farms have had one of the strongest harvests despite the challenging weather, thanks to their sustainable organic farming technology," said Chairman Long Deng.
  • Price action: IFMK shares are trading lower by 11.8% at $1.1905 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!