Jammin Java Corp (JAMN)

[Drugdoctor]

TBEV&JAMN-High-Performance-Beverages-Signs-MOU-to-Create-Joint- Venture-With-Jammin-Java for New Line of Cold Coffee Beverages

Marketwired MarketwiredApril 27, 2017Comment
CAVE CREEK, AZ--(Marketwired - Apr 27, 2017) - High Performance Beverage Co. ( OTC PINK : TBEV ) (the "Company") is pleased to announce it has signed a Memorandum of Understanding (MOU) with Jammin Java Corp. (d/b/a Marley Coffee) ( OTCQB : JAMN ), in order to create a joint venture partnership for the development of a new line of cold coffee beverages.

Based in Denver, CO. Jammin Java plans to move into new areas of cold coffee products with the help of High Performance Beverage in order to establish itself in the multi-billion dollar retail coffee industry.

Bloomberg news reported canned and bottled ready-to-drink coffee is a natural evolution flowing from a consumer landscape awash with premium coffee at ubiquitous Starbucks and countless independent coffee bistros. Millennials, who account for 44% of U.S. coffee demand, have been helping the U.S. ready-to-drink coffee market grow by double digits every year since 2011.

Bloomberg articles:

https://www.bloomberg.com/news/articles/2016-10-30/millennial-hunt-for-caffeine-fix-propels-coffee-demand-to-record

https://www.bloomberg.com/news/articles/2016-05-23/cold-coffee-is-booming-in-the-u-s-now-everyone-is-piling-in

Mintel reported Millennials are driving the cold coffee revolution with 66% drinking ice coffee or cold coffee beverages. Cold coffee has also been instrumental in attracting younger coffee drinkers since the beverage lacks the bitterness sometimes associated with hot brewed coffee. As trends continue, many opportunities are being created in this wide open market.