Core Viewpoint - Luckin Coffee has signed a Memorandum of Understanding with the Brazilian Trade and Investment Promotion Agency to significantly increase its procurement of Brazilian coffee beans, marking a historic expansion in its supply chain strategy [1][2]. Group 1: Procurement Expansion - Luckin Coffee will procure a total of 240,000 tons of Brazilian coffee beans from 2025 to 2029, valued at 10 billion RMB, which is the largest procurement plan in the company's history [1]. - The initial deal signed in June involved the purchase of 120,000 tons of Brazilian coffee beans over two years, which has now been doubled [1][2]. Group 2: Cultural and Economic Ties - Luckin Coffee aims to enhance the collaboration between China and Brazil, viewing coffee as a symbol of their enduring friendship and industrial opportunities [2]. - The company has been a major importer of Brazilian coffee beans in China, deepening economic and cultural ties with Brazilian partners [2]. Group 3: Initiatives in Brazil - Luckin Coffee has launched several initiatives in Brazil, including the Luckin Brazil Office, Luckin Brazil Grower Support Center, and a high-quality coffee plantation to improve quality control in its supply chain [4]. - The company has also organized the Luckin Coffee Brazil Coffee Culture Festival and opened a Brazil-themed coffee store and museum to celebrate Brazilian coffee culture [3][4]. Group 4: Commitment to Innovation - Luckin Coffee is focused on remaining at the forefront of innovation in the global coffee industry by leveraging premium resources and building a world-class coffee supply chain [5].

BREA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee industry, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial and Operational Highlights Despite higher food costs, in the nine months ending September 30, 2024, revenue was steady at $4.1 million as compared to the same period revenue in 2023.Company-operated store gross margins for nine months ended September 30, 2024, increased to ...

Dutch Bros Inc. NYSE: BROS is a thriving drive-thru coffee shop operator and franchisor operating 950 shops across 18 states. While primarily focused on coffee drinks, they also offer teas, smoothies, protein and energy drinks. They prioritize speed and efficiency with an app-driven, drive-thru-focused operating model catering to the on-the-go lifestyles of their customers. Dutch Bros TodayBROSDutch Bros$49.81 +2.09 (+4.38%) 52-Week Range$25.46▼$50.24P/E Ratio171.76Price Target$47.30Add to WatchlistThe com ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

WINDSOR, ON, Nov. 19, 2024 /PRNewswire/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce the appointment of Tom Hoyne as a Strategic Advisor to the Company.Mr. Hoyne has over 35 years of food operations and manufacturing experience. Most recently, he served as the Vice President of Coffee and Quality at Kicking Horse Coffee, where he dedicated 20 years to managing quality an ...

WINDSOR, ON, Nov. 14, 2024 /PRNewswire/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce it has made a delivery to ecoBeans Coffee Inc. ("ecoBeans") that will target both retail and the office coffee services ("OCS") space.NEXE first established its partnership with ecoBeans in 2023, and it was one of the first customers to utilize NEXE's BPI-certified compostable coffee po ...

Reborn Coffee Expands its Presence in South Korea Through an 8,000 Store Bakery Distribution Partnership, Emphasizing Quality and Preservative-free Offerings BREA, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN), a premier specialty coffee retailer, today announced a landmark distribution agreement through majority-owned its South Korean subsidiary, Bbang Ssaem Bakery F&B. This strategic partnership will bring Reborn’s preservative-free, signature baked goods to approximately 8, ...

LITTLE ROCK, Ark., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Westrock Coffee Company (NASDAQ: WEST) (“Westrock Coffee” or the “Company”) today announced that the Company will be participating in the Stephens Annual Investment Conference, which will be held November 19-21, 2024 at the Grand Hyatt Nashville in Nashville, TN. Chris Pledger, CFO, will participate in an in-person fireside chat on Tuesday, November 19, 2024 at 11:00 a.m. CT. The live webcast for this presentation will be accessible in the “News & Events” ...

Staten Island, NY, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States announced today that it purchased all of the assets of Empire Coffee Company (“Empire”) based in Port Chester, NY. The purchase was made under Article 9 of the UCC and consists of Empire’s inventory, equipment, accounts receivable, customer list and all intellectual property. To facilitate the purchase, C ...

First quarter fiscal 2025 net sales of $85.1 million, up 4% on a year-over-year basisFirst quarter fiscal 2025 gross margin increase of 630 basis points year-over-year to 43.9%Reported net loss of $5 million and improved adjusted EBITDA1 of $1.4 million FORT WORTH, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) today reported its first quarter fiscal 2025 financial results for the period ended Sept. 30, 2024. The company filed its Form 10-Q, which can be found on the Investor Relat ...