iFresh Signs Agreement With Bit Farm For Fertilizer Distribution

by Shivani Kumaresan, Benzinga Staff Writer

August 30, 2021 1:39 PM | 1 min read | Make a Comment

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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