Innovative Food Holdings sells igourmet.com business for $700,000

INNOVATIVE FOOD HOLDINGS INC

Subsidiary igourmet LLC to sell artisan foods e-commerce assets to Advansiv Gourmet Group for $700,000.
Deal structured with $175K escrow at signing, $350K at closing, and $175K 30 days post-close.
Closing expected within 30 days; Pennsylvania facility not included in the sale.
Proceeds will support M&A strategy and growth initiatives in the core foodservice business.
CEO Bill Bennett cites progress on strategic plan to divest unproductive assets.

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