iFresh Reports Strong Sales Of Dragon Fruit, Lychee And Longan

Shivani Kumaresan

Mon, Aug 2, 2021, 2:03 PM1 min read

In this article:

Grocery supermarket chain iFresh Inc (NASDAQ: 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.

See more from Benzinga

The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•9h ago
Nvidia Sinks, Exposing 8 'Secrets' For When To Sell Stocks
As top growth stocks like Nvidia fall below key moving averages, keep in mind these proven rules for when to sell stocks.
Investor's Business Daily•30m ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•20h ago
Here is What to Know Beyond Why Pfizer Inc. (PFE) is a Trending Stock
Recently, Zacks.com users have been paying close attention to Pfizer (PFE). This makes it worthwhile to examine what the stock has in store.
Zacks•8h ago
Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat
While more older boomers tend to have a pension, a looming wave of younger retirees are about to strain the economy and Social Security.
Business Insider•3h ago
Why Super Micro Computer Stock Just Crashed 17%
Super Micro Computer just spooked its investors with a suggestion that it will earn exactly what it promised to earn three months ago.
Motley Fool•4h ago
Magnificent Seven Stocks To Buy And Watch: Nvidia Stock Dives Below Key Level
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Investor's Business Daily•55m ago
Stock market today: Tech stocks smoked, Nvidia tumbles 10% to cap worst week of the year
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Yahoo Finance•30m ago
Nvidia Falls Below Key Level Of Support; Is Nvidia A Buy Now?
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Investor's Business Daily•6h ago
Super Micro Leads Tech Selloff as AI Winners Slump Sharply
(Bloomberg) -- Super Micro Computer Inc. shares are seeing their biggest drop in about two months on Friday, leading a sharp decline among technology stocks with exposure to artificial intelligence.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on Iran‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapThe maker
Bloomberg•3h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

iFresh Reports Strong Sales Of Dragon Fruit, Lychee And Longan

Recommended Stories

The Headache at the End of the Costco Gold Rush

Nvidia Sinks, Exposing 8 'Secrets' For When To Sell Stocks

Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street

Here is What to Know Beyond Why Pfizer Inc. (PFE) is a Trending Stock

Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat

Why Super Micro Computer Stock Just Crashed 17%

Magnificent Seven Stocks To Buy And Watch: Nvidia Stock Dives Below Key Level

Stock market today: Tech stocks smoked, Nvidia tumbles 10% to cap worst week of the year

Nvidia Falls Below Key Level Of Support; Is Nvidia A Buy Now?

Super Micro Leads Tech Selloff as AI Winners Slump Sharply