Rises after co says exploring CBD partners

Coffee Holding

29/01/2019 16:40

** Coffee roaster's shares  JVA.O  rise 12.6 pct to $5.47 to
touch highest in four-and-a-half years 
    ** Co says has had discussions with potential partners to
develop cannabidiol (CBD) infused coffee  urn:newsml:reuters.com:*:nGNX9grr9f
    ** "We are in discussions with both potential providers, in
addition to conversations with both our green and roasted
customer base as to the best applications for CBD for both
existing and potential new products"- CEO Andrew Gordon
    ** CEO says co will continue to explore the space; believes
there is potential for CBD coffee products in near future
    ** Several beverage makers including Constellation Brands
 STZ.N  have partnered with cannabis producers to capitalize on
the booming demand for cannabis-infused products
    ** JVA also reports better-than-expected Q4 profit, driven
by sales of branded and private-label coffee and wholesale green
beans

 (Reporting by Nivedita Balu in Bengaluru)
 ((Reuters Messaging:
Nivedita.Balu.thomsonreuters.com@reuters.net))