Jeffs' Brands Signs Memorandum of Understanding to Buy New Jersey Logistics Center Operator; Shares Fall-February 2024-www.financetom.com

Jeffs' Brands Signs Memorandum of Understanding to Buy New Jersey Logistics Center Operator; Shares Fall

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Jeffs' Brands Signs Memorandum of Understanding to Buy New Jersey Logistics Center Operator; Shares Fall

May 20, 2024 8:21 AM

11:06 AM EDT, 05/20/2024 (MT Newswires) -- Jeffs' Brands ( JFBR ) said Monday it has signed a Memorandum of Understanding to acquire a company that operates a logistics center in New Jersey.

The potential acquisition encompasses a logistics center covering about 100,000 square feet with 20 loading docks, the company said.

Jeffs' Brands ( JFBR ) shares were down nearly 31% in recent Monday trading.

Price: 0.45, Change: -0.20, Percent Change: -30.86

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