iFresh, Inc., (Public - NASDAQ:IFMK)formerly E-Compass Acquisition Corp., operates through its subsidiary, NYM Holding, Inc. (NYM). NYM is an Asian/Chinese grocery supermarket chain in the north-eastern United States providing food and other merchandise hard to find in mainstream grocery stores. As of December 31, 2016, NYM had eight retail supermarkets across New York, Massachusetts and Florida. As of December 31, 2016, NYM had two wholesale facilities. Its in-house wholesale businesses covers wholesale products and services both NYM retail supermarkets and external clients that range from wholesalers to retailing groceries and restaurants.
After twenty years of operation, iFresh, Inc. was listed on the Nasdaq Stock Market in February 2017, becoming the first Chinese supermarket chain to be listed on a major US exchange. It shoulders the heavy responsibility of promoting and spreading the Chinese food culture. With the unique capabilities of integrating foreign trade importation and exportation, wholesale and retail as well as warehousing and logistics under one roof, iFresh, Inc. is well positioned to efficiently expand its regional presence. It has also set up exclusive partnerships with a number of leading enterprises in the fields of fruit and vegetable planting, livestock breeding, marine fishing, catering services and commercial real estate. In line with the spirit of “Fresh Everyday”, we aim to introduce fresher, speedier, and more satisfactory product experiences to our customers.
First squid fishery to attain MSC standard United States
The US Northeastern longfin inshore squid fishery in the Northwest Atlantic is the first squid fishery in the world to achieve Marine Stewardship Council certification as a sustainable and well-managed fishery.
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