 NEW YORK, March 31, 2020 GLOBE NEWSWIRE -- iFresh, Inc. iFresh or the Company IFMK, a leading Asian American grocery supermarket chain and online grocer, announced today that it has entered into an agreement with two individual investors, pursuant to which the Company will sell an aggregate of 1,783,167 shares the New Shares of common stock of the Company to the investors. The private placement will be funded in two separate tranches; 1,069,900 shares of the New Shares will be issued to the Investors upon the Companys receipt of the first tranche fund of 1.5 million and 713,267 shares of the New Shares will be issued to the Investors upon the Companys receipt of the remaining 1.0 million. 