Reborn Coffee Closes Master License Agreement For Liaoning Province, China
Portfolio Pulse from Benzinga Newsdesk
Reborn Coffee, Inc. (NASDAQ:REBN) has announced a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. to expand into the China market, specifically in Liaoning Province. This partnership will establish Reborn Coffee's locations in Shenyang, a city with over 43 million residents.
August 14, 2024 | 12:42 pm
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Reborn Coffee, Inc. (NASDAQ:REBN) has entered into a Master License Agreement to expand into Liaoning Province, China. This strategic move is expected to boost the company's presence in a market with over 43 million people.
The Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. will significantly expand Reborn Coffee's market presence in China, particularly in a populous region. This is likely to positively impact REBN's stock price in the short term due to the growth potential and new revenue streams.
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