IVFH to sell Pennsylvania warehouse for $9.725M, exit cheese conversion business

INNOVATIVE FOOD HOLDINGS INC

Agreement to sell 220 Oak Hill Road, PA facility to Mountaintop Holdings for $9.725M; expected close by Sept 30, 2025.
Sale will eliminate approximately $9M in debt, making company virtually debt-free.
Company exiting unprofitable cheese conversion business; relocating remaining profitable airline & broadline distribution to Chicago.
Combined moves would have improved trailing twelve-month pre-tax income by approximately $2M.

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