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Coffee Holding Co ( (JVA) ) has issued an announcement.
Coffee Holding Co., Inc. has announced the acquisition of assets from Empire Coffee Company, aiming to boost operations and return to pre-Covid levels of revenue. The $800,000 purchase includes inventory, equipment, and intellectual property, with plans to optimize cost savings and enhance manufacturing. Coffee Holding’s strategic move is expected to strengthen its position in the coffee market while capitalizing on growth opportunities.
For an in-depth examination of JVA stock, go to TipRanks’ Stock Analysis page.