Innovative Food Holdings Inc (IVFH)

[geodan]

Glad to see it. Basically Sam realized or someone made him realize that Fresh Diet was a big mistake that threatened the viability of IVFH.

So we get IVFH back, minus the lost money on FD and dilution, FD gets $1 mill cash from outsiders, have a question on that for separate post.


This says the orig deal was a big mistake:
The Fresh Diet's CEO, Bryan Janeczko, added: "We believe that operating The Fresh Diet as its own entity will provide greater transparency into operations, and further establish its current position as the leading specialty food platform in the fast-growing direct-to-consumer, fresh-meal category. This will also better position The Fresh Diet to attract additional partners and the capital markets support it requires, as demonstrated by the institutional funding commitment."


It was separate before the deal. Glad Sam came to grips with mistake before it was too late.