Innovative Food Holdings closes $1.58M acquisition of Golden Organics

INNOVATIVE FOOD HOLDINGS INC

Total purchase price of $1.58M: $1.23M cash plus $350K seller note at 6% over 5 years.
Acquired inventory valued at ~$1.23M and PPE of ~$130K.
Adds over 800 certified organic products and 200+ customer accounts.
Golden Organics generated TTM revenue of $6.8M with 22% CAGR since 2018.
Plans cross-selling and listing products on IVFH's drop-ship platform.

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