Columbus, Ohio, May 19, 2021 (GLOBE NEWSWIRE) -- The Jordre Well, LLC (“The Jordre Well”, the "Company"), a hemp and cannabidiol (“CBD”) beverage company that is 49% owned by Coffee Holding Co., Inc. (NASDAQ: JVA), a leading integrated wholesale coffee roaster and dealer in the United States, is pleased to announce that it has been granted a 3-year hemp processing license by the Ohio Department of Agriculture (the “License”). The License allows The Jordre Well to process hemp-derived CBD and manufacture hemp products which will now provide the Company the ability to produce its entire portfolio of brands in the state of Ohio.
“We continue to believe that to win in the hemp industry you need to have strategically-located production whenever possible,” said Ian James, CEO and Founder of The Jordre Well. “Ohio, the seventh most populous state, is centrally located to fulfil wholesale and direct-to-consumer (“DTC”) orders to customers nationwide.”
The Columbus region, within a day’s drive of 151 million people - approximately 46% of the country’s population, is a global logistics hub that supports some of the world’s largest brands and top logistics service providers, making it a critical hub for industrial and consumer supply chains.
James added, “With the grant of this License, The Jordre Well’s operations are positioned to become more vertically integrated in Ohio. The expansion of our research and development (“R&D”) capabilities, along with the ability to produce products in our home state, sets up an exciting catalyst for the Jordre Well in the Buckeye State.”
About Coffee Holding Co., Inc.
Founded in 1971, Coffee Holding Co., Inc. (NASDAQ: JVA) is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding has been a family-operated business for three generations and has remained profitable through varying cycles in the coffee industry and the economy. The Company’s private label and branded coffee products are sold throughout the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi-unit retail customers.
About The Jordre Well, LLC
Based in Columbus, Ohio, The Jordre Well is a functional brand incubator focused on the creation of innovative, sustainably-sourced, CBD-infused beverages for health and wellness conscious consumers. The Jordre Well’s soon-to-be-released brands include its namesake seltzer brand, The Jordre Well, its curated coffee collection, Stephen James, and more. To learn more, visit https://thejordrewell.com/.
Forward looking statements
Any statements that are not historical facts contained in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company’s outlook on the revenue growth at Steep N Brew and Comfort Foods. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. We have based these forward-looking statements upon information available to management as of the date of this release and management’s expectations and projections about certain future events. It is possible that the assumptions made by management for purposes of such statements may not materialize. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, hedging activities, the effect of economic conditions, the effect of the COVID-19 pandemic, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.