MamaMancini's Shares Up After Amazon Fresh Authorization
January 26 2022 - 9:23AM
Dow Jones News
By Michael Dabaie
MamaMancini's Holdings Inc. shares rose 11% to $2 premarket
after the distributor of pre-prepared foods said it got a
nationwide authorization from Amazon Fresh, an online grocery
delivery service operated by Amazon.com.
The company said shipments to consumers will begin in
February.
Amazon Fresh is currently available in most major U.S. cities as
well as 23 physical locations in key domestic markets, the company
said.
"While initial shipments will be modest, we see a significant
long-term opportunity in further penetration as Amazon Fresh scales
operations nationwide," said MamaMancini's Chief Executive Carl
Wolf.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 26, 2022 09:08 ET (14:08 GMT)
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