HF Foods Group to acquire Chicago distribution facility

HF Foods Group (HFFG) announced that it has entered into a binding purchase agreement for a distribution facility located in Chicago, Illinois. HF Foods previously leased the facility following its acquisition of Great Wall Seafood in 2022. The company believes its previously announced At-the-Market equity offering program will provide financial flexibility to expedite investments such as the Chicago warehouse acquisition to drive further growth. The ATM program is expected to provide the company additional liquidity for, among other items, working capital, capital expenditures, and possible acquisitions or business expansion.