NuZee rises on licensing deal with California-based coffee brewer

CIMG

07/07/2023 14:20

** Shares of coffee co-packing firm NuZee  NUZE.O  jump
23.6% to $11.3 premarket
    ** Company enters five-year licensing deal with
California-based Stone Brewing to manufacture and distribute
coffee products nationwide
    ** Under the deal, NUZE to also market the brewer's
specialty coffee line through direct-to-consumer channel
    ** New product line is expected to launch in Q3 2023 - NuZee
    ** As of last close, stock up 1.2% YTD

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))