Brief: Coffee Holding Joint Venture Acquires Steep N Brew Coffee Company

Coffee Holding

24/04/2018 21:59

April 24 (Reuters) - Coffee Holding Co Inc  JVA.O :
    * COFFEE HOLDING JOINT VENTURE ACQUIRES STEEP N BREW COFFEE
COMPANY
    * COFFEE HOLDING - PURCHASE PRICE UNDER DEAL COMPRISED CASH
PAYMENT OF $1.6 MILLION, CASH PAYMENT OF $1.1 MILLION FOR
PAYMENT FOR INVENTORY PURCHASED IN DEAL
    * COFFEE HOLDING CO INC - PURCHASE PRICE UNDER ASSET
PURCHASE
AGREEMENT ALSO COMPRISED OF ISSUANCE OF PROMISSORY NOTE OF
$150,000
    * COFFEE HOLDING CO INC - GENERATIONS INTENDS TO INCORPORATE
INFRASTRUCTURE OF STEEP N BREW INTO EXISTING BUSINESS MODEL OF
GENERATIONS

Source text for Eikon:  ID:nGNX22H1T5 
Further company coverage:  JVA.O 

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