secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001185185-24-001165
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Food Holdings closes $1.58M acquisition of Golden Organics
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518524001165/0001185185-24-001165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518524001165/innovfood20241121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-001165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer