iFresh Reports Strong Sales Of Dragon Fruit, Lychee And Longan

by Shivani Kumaresan, Benzinga Staff Writer

August 2, 2021 2:03 PM | 1 min read |

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.

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