Friday, January 21, 2022

iFresh Inc. (IFMK) share price is touching new heights

iFresh, Inc. (IFMK), a leading Asian American grocery supermarket providing essential grocery shopping services, and the first Chinese supermarket chain to be listed on a major US exchange,confirmed it has initiated a partnership with HungryPanda, an international food delivery platform providing groceries as well. Both the companies entered into a service agreement on April 20, 2021, in accordance to which both the partners will work together toestablish an online perishable goods delivery service in New York. IFMK stock increased substantially adjacent to the news.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


At last check in current trading, shares of iFresh Inc. (IFMK) increased by 3.79% at $1.37. IFMK’s stock closed last session at $1.32. Shares of the company were fluctuating between $1.29 and $1.34. IFMK shares have risen by 3.13% over the last 12 months, and they have moved down by -5.71% in the past week. Further, the company has a current market of $50.42 million and its outstanding shares stood at 30.23 million.

Now what


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


iFresh Inc. (IFMK), located in Long Island City, New York, is an established leading Chinese grocery supermarket consisting of nine retail supermarkets across New York, Massachusetts, Miami, with plans for further expansion.iFreshdifferentiation includes providing Asian cultured produce, seafood and other groceries which have high demands yet diminished availability in the mainstream market.

HungryPanda specializes in food delivery and has provided quality Asian food and perishable products to students abroad since its initiation in 2016. Presently, HungryPanda has established itself in 47 cities across various countries such as Australia, Canada, France, New Zealand, UK, and US.

Due to partnership with HungryPanda, customers can order iFresh’s grocery products through the HungryPanda mobile app. The consumers will be given the for home delivery on demand or through scheduled delivery. The delivery service is predicted to be start from the end of April 2021 through Ifresh stores in NYC. The delivery service has been planned to be expanded to other regions that consist of IFresh stores as well.

Partnership with HungryPanda provides more convenient ways to order grocery items. Furthermore, expansion of product line and opportunities to boost online sales has further induced investor interest. In addition, increasing average of purchasing power of overseas Chinese consumers has also increased expectation for higher sales.

Conclusion:

IFMK offered a better-than-expected outlook for the current quarter, and anticipates sales and profits to grow for the full year after establishing a partnership with HungryPanda. In addition, the complementary nature of their businesses combined with increasing monetary value in their target audience has peaked investor expectations for the company.

Latest news

Here’s the Reason of Sonoma Pharmaceuticals, Inc. (SNOA) Stock Gaining Momentum in Aftermarket.

Sonoma Pharmaceuticals, Inc. (SNOA) is an innovative and leading global brand engaged in the development of stabilized hypochlorous acid products for different applications including...

Looking Under The Hood: What’s Happening To Bee Vectoring Technologies (BEVVF) Stock

Bee Vectoring Technologies International Inc (BEVVF) closed up 24.71 percent on Wednesday at $0.3280, and has been trading in a day range of $0.2721...

Best cannabis stock investment could lead to great profits in the near future

In recent months, there has been much debate about which are the best cannabis stocks. There are several states where recreational marijuana is legal,...

Stealth BioTherapeutics Inc. (MITO) stock rose during after-hours, provided no current update.

Stealth BioTherapeutics Inc. (NASDAQ: MITO) stock plunged by 3.57% at last close whereas the MITO stock price gains by 6.17% in the after-hour trading...

Related news

Here’s the Reason of Sonoma Pharmaceuticals, Inc. (SNOA) Stock Gaining Momentum in Aftermarket.

Sonoma Pharmaceuticals, Inc. (SNOA) is an innovative and leading global brand engaged in the development of stabilized hypochlorous acid products for different applications including...

Looking Under The Hood: What’s Happening To Bee Vectoring Technologies (BEVVF) Stock

Bee Vectoring Technologies International Inc (BEVVF) closed up 24.71 percent on Wednesday at $0.3280, and has been trading in a day range of $0.2721...

Best cannabis stock investment could lead to great profits in the near future

In recent months, there has been much debate about which are the best cannabis stocks. There are several states where recreational marijuana is legal,...

Stealth BioTherapeutics Inc. (MITO) stock rose during after-hours, provided no current update.

Stealth BioTherapeutics Inc. (NASDAQ: MITO) stock plunged by 3.57% at last close whereas the MITO stock price gains by 6.17% in the after-hour trading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam