03/09/2026 | Press release | Distributed by Public on 03/09/2026 13:25
Item 2.01 Completion of Acquisition or Disposition of Assets.
As previously disclosed in the Current Reports on Form 8-K filed with the Securities and Exchange Commission on August 1, 2025, September 16, 2025, October 3, 2025 and November 14, 2025, Innovative Food Holdings, Inc., a Florida corporation (the "Company"), through its subsidiary, Innovative Food Properties LLC, a Delaware limited liability company ("Innovative Properties"), entered into an Agreement of Purchase and Sale, dated as of July 28, 2025 and amended on September 11, 2025, September 29, 2025 and November 13, 2025 (the "Purchase Agreement"), with Mountaintop Holdings, LLC, a New York limited liability company ("Mountaintop Holdings"). Pursuant to the Purchase Agreement, Innovative Properties agreed to sell certain real property with improvements and certain personal property, contracts and intangibles of Innovative Properties to Mountaintop Holdings (the "Property").
On March 6, 2026, the Company closed the sale of the Property to Mountaintop Holdings for a gross proceed of $9.225 million.
Aside from the transactions contemplated by the Purchase Agreement, there is no material relationship between the Company and Mountaintop Holdings.