- iFresh Inc (NASDAQ: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.
Raymond James Maintains Outperform on Global E Online, Raises Price Target to $80
Raymond James analyst Brian Peterson maintains Global E Online (NASDAQ:GLBE) with a Outperform and raises the price target from $41 to $80.
