- iFresh Inc IFMK has entered into an exclusive agency agreement with Bit Farm Inc. The financial terms of the deal were not disclosed.
- Under the deal, iFresh will be the exclusive distributor of Bit Silica + fertilizer.
- iFresh will market and sell Bit Silica Plus in the U.S. for the next twelve months with an option to extend.
- Bit Farm has developed Bit Silica Plus to accelerate plant growth and extend harvest time.
- Long Deng, Chairman of iFresh, has personally invested in Bit Farm and acts as an external consultant to the company.
- Price Action: IFMK shares are trading lower by 0.72% at $1.19 on the last check Monday.
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