Coffee Holding Invests $2.5M In Protein Drink Maker OWYN

Coffee Holding Invests $2.5M In Protein Drink Maker OWYN
  • Coffee Holding Co Inc JVA announced a $2.5 million investment in OWYN (Only What You Need), a plant-based protein drink manufacturer.
  • OWYN currently offers its protein drinks in five flavors, and the products contain all-natural ingredients.
  • “This is a market that is attractive to us given the momentum and future of better-for-you beverages in the United States,” said CEO Andrew Gordon.
  • The company held $3.5 million in cash and equivalents as of April 30, 2021.
  • Price Action: JVA shares are trading higher by 0.84% at $4.81 on the last check Thursday.
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