Jammin Java Corp (JAMN)

[Ronin]

Companies earning more and more revenue do not go bankrupt. Banks or investors will see the opportunity to make $$$ off of their growing brand.

There MIGHT be more dilution, but mngt. is trying hard to avoid it. Just read the latest 10Q...

Financing

We have been talking to a variety of different types of investors as well as traditional banks to raise varying types of capital for growth, general operating expenses and to pay down some accounts payable. Recently, the company closed a handful of short-term convertible debt notes. The company's goal is to pay these notes back in full before they convert. We believe these transactions were necessary as short-term bridges to help continue feeding and accelerating our current growth projects. We are hopeful, though we can't guarantee any assurances, that we will be able to secure a bank backed line of credit within the quarter.

We believe the coffee investment sector is heating up again. We've seen several transactions from brick and mortar, to the cold brew space, to traditional roasters, either receiving growth capital or being rolled up, which makes growth and innovation for the category very exciting. Our objective is to continue building on projects both domestically and abroad that we believe can really move the needle in terms of building revenues and the brand. We are partnering with some amazing brands and companies that we are so proud to associate with. We are getting closer to being cash flow positive which puts the company in a much stronger position to receive traditional bank financing. We also are preparing the company to uplist to an exchange, subject to us meeting the required listing criteria. We believe that if we are successful in uplisting, it will help ensure that we have a valuation that's more in line with other burgeoning consumer packaged goods companies like ours. We believe the company is about to finally turn the corner that our investors are all waiting for. We thank you all for your patience and support.

https://finance.yahoo.com/news/marley-coffee-issues-shareholder-letter-113000404.html

LD