|Bid||3.9200 x 800|
|Ask||3.9700 x 1000|
|Day's Range||3.8650 - 4.0790|
|52 Week Range||1.7600 - 5.2000|
|Beta (5Y Monthly)||1.68|
|PE Ratio (TTM)||3,920.00|
|Earnings Date||Jan 27, 2021 - Feb 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 13, 2012|
|1y Target Est||N/A|
Staten Island, NY, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company” or “Coffee Holding”), a leading integrated wholesale coffee roaster and dealer in the United States, today announced that it will participate in Cowen's 2020 Boston Cannabis Conference (the “Conference”), to be held virtually between November 30 and December 2, 2020. The Company’s participation at the Conference comes on the heels of the Company’s October 16, 2020 announcement regarding its acquisition of a 49% stake in The Jordre Well, LLC (“The Jordre Well”), a cannabidiol (“CBD”) beverage company.The Conference is a forum for objective first-hand updates on both marketed and emerging products across the spectrum of the cannabis industry focusing on the consumer, technology and health care sectors.Andrew Gordon, Chief Executive Officer of Coffee Holding, and members of The Jordre Well’s team will participate in one-on-one meetings between November 30 and December 2, 2020.Conference attendees and participants interested in scheduling a one-on-one meeting with Coffee Holding Co., Inc. and The Jordre Well are encouraged to reach out to their Cowen representative.About Coffee Holding Co., Inc.Founded in 1971, Coffee Holding Co., Inc. (NASDAQ: JVA) is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding has been a family-operated business for three generations and has remained profitable through varying cycles in the coffee industry and the economy. The Company’s private label and branded coffee products are sold throughout the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi-unit retail customers.About The Jordre Well, LLCBased in Columbus, Ohio, The Jordre Well is a functional brand incubator focused on the creation of innovative, sustainably-sourced, CBD-infused beverages for health and wellness conscious consumers. The Jordre Well’s soon-to-be-released brands include its namesake seltzer brand, The Jordre Well, its curated coffee collection, Stephen James, and more. To learn more, visit https://thejordrewell.com/.Forward-looking statementsAny statements that are not historical facts contained in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company’s outlook on the launch of CBD-infused coffee and functional beverages. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. We have based these forward-looking statements upon information available to management as of the date of this release and management’s expectations and projections about certain future events. It is possible that the assumptions made by management for purposes of such statements may not materialize. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, hedging activities, the effect of economic conditions, the effect of the COVID-19 pandemic, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.DisclaimerNeither Cowen Inc. nor its affiliates accept responsibility for the adequacy or accuracy of this release.Company Contact Coffee Holding Co., Inc. Andrew Gordon President & CEO 718-832-0800
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
In October, Coffee Holding Co. (NASDAQ: JVA) became the owner of 49% of The Jordre Well, a newly-formed CBD beverage company managed by the founders of Cannuka.The 50 year-old coffee roaster and distributor chose the Ohio-based Jordre Well as its new strategic partner."We looked at it as a great engine to really increase our profitability as a company," Coffee Holding CEO Andrew Gordon told Benzinga.A Win-Win Scenario "There's really nobody else, to my knowledge, in North America or the world, that provides a commercial scale coast-to-coast coffee distribution platform that is ready to infuse CBD," Jorde Well CEO Ian James said.Coffee Holding approached his company with a mutually beneficial proposal, he added.The Jordre Well was launched in 2020 by the founders of Cannuka, a CBD skin care brand that's present in over 2,500 retail locations across the country. The Jordre Well is the first offspring of The Ideation Lab, a CBD umbrella company focused on building a portfolio of CBD consumer brands.James said it made perfect sense to give up 49% of the company to Coffee Holding in order to leverage the latter's platform for distribution and manufacturing. The Ideation Lab still holds the remaining 51%, he told us. The deal worked as an all-stock transaction between the parties.Coffee Holding Co. Enters the CBD Space Coffee Holding's Gordon said his company wanted to seize the opportunities opening up along the CBD beverage market. He added that CBD coffee is a value added product, and one that -at least initially- won't have a lot of competition.Under the deal, Coffee Holding will provide its large, country-wide manufacturing and distribution network for Jordre Well branded products, which include functional coffees, seltzers, waters and other CBD beverages. The Ideation Lab will leverage its multiple partners to source CBD that will be included into Coffee Holding's flagship products like Cafe Caribe and Harmony Bay. These are expected to go into market in 2021."We're going to be launching CBD with very well-known brands in the market, which have good consumer loyalty and recognition. So, value added attached to a well recognized brand, should be a win-win situation for us as a company," said Coffee Holding's Gordon.Image created from icon by macrovector_official at Freepik and photo by Toni Cuenca from PexelsSee more from Benzinga * Click here for options trades from Benzinga * Washington DC Decriminalizes Psychedelic Plants, Fungi * Oregon Becomes First US State To Decriminalize Drug Possession, Begins Psilocybin Program(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.