Beverage Stocks in Play - Another Coffee Stock on the Run - Reborn Coffee Inc. (NASDAQ: REBN)
May 8, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on trading for Reborn Coffee Inc. (Nasdaq: REBN), a California-based retailer of specialty coffee.
The stock is trading at $3.3200, up $1.5900, gaining over 90%, with a day's high of $4.5199 on volume of over 100 million shares.
Is the coffee buzz for investors a trend? Yesterday saw gains for investors trading coffee company, NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company.
Reborn today announced a significant expansion into the China market through a strategic Master License Agreement with IAID Co., Ltd., a visionary architectural and interior design consulting firm. This agreement will introduce a flagship location in Guangzhou #73, situated in a central, historic district bustling with tourists. The site will feature a comprehensive brand center, setting the stage for future expansions into major cities like Shanghai and Shenzhen, China.
The joint venture combines Reborn Coffee's experience in retail coffee operations with IAID Co., Ltd.'s expertise in lifestyle design. Together, they aim to revolutionize the coffee culture in China, particularly in the vibrant Guangdong Province, which boasts a population of over 127.06 million.
Henry Hu, CEO of IAID Co., Ltd., and a well-respected figure in China's furniture design industry, expressed his enthusiasm for the new lifestyle social gathering venture, stating, "We are thrilled to join with Reborn Coffee's robust retail operation capabilities. Our collaboration is set to redefine the coffee scene by introducing a premium specialty coffee experience coupled with a high-quality, design-focused lifestyle social gathering. We are confident that this unique fusion will not only captivate the region but also propel Reborn Coffee to tremendous success in Guangdong Province."
News: https://finance.yahoo.com/news/reborn-coffee-closes-master-license-123100702.html
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