Streetbeat News

REBN

Reborn Coffee, Inc.

https://reborncoffee.com

Industry

Restaurants

Reborn Coffee, Inc. operates and franchises retail locations and kiosks that focus on serving specialty-roasted coffee in California. The company purchases, roasts, and sells coffee, tea and other beverages, and various food items. As of September 30, 2021, it operated 7 retail locations. Reborn Coffee, Inc. was founded in 2014 and is based in Brea, California.

Open

1.75

Mkt cap

5.4M

Volume

221K

High

1.75

P/E Ratio

-0.74

52-wk high

8.80

Low

1.40

Div yield

N/A

52-wk low

0.92

Reborn Coffee Inc (NASDAQ:REBN) shares surged by 40% to $3.90 after announcing a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. to expand into China. The partnership will establish Reborn Coffee's presence in Shenyang, the capital of Liaoning Province, and aims for further expansion across the province.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 1:34 pm

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.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:42 pm

Shares of companies within the broader consumer staples sector are trading lower amid overall market weakness following weak US data. Soft guidance from Amazon may be negatively impacting the sector.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:37 pm

Reborn Coffee has announced a strategic partnership with China's Penglai Data Store to launch Reborn China. The collaboration will integrate advanced AI technology in coffee franchises, with plans to introduce these AI features in the U.S. upon full integration.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:36 pm

Reborn Coffee (NASDAQ:REBN) reported a quarterly loss of $(0.60) per share, a 6.25% improvement from $(0.64) per share last year. Sales increased by 35.29% to $1.52 million from $1.12 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:37 pm

Reborn Coffee has signed a Memorandum of Understanding (MOU) to acquire the iconic Korean brand Bbang Ssaem Bakery. This strategic move aims to expand Reborn Coffee's footprint into the coffee and bakery sector, enhancing its offerings and solidifying its position as a premier coffee and bakery franchise in both the U.S. and South Korea.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:32 pm

Reborn Coffee Inc. (NASDAQ:REBN) has announced a master licensing deal to enter the UAE market, with its first flagship location set to open in Dubai. The agreement includes plans for additional stores and facilities in the region.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:38 pm

Reborn Coffee has announced its intention to appeal a delisting notice from Nasdaq. The company received the notice due to non-compliance with Nasdaq's minimum bid price requirement. Reborn Coffee plans to regain compliance and maintain its listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:31 pm

Reborn Coffee shares are trading higher following the company's launch on Amazon.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:35 pm

Reborn Coffee has launched its products on Amazon, expanding its distribution channels and potentially increasing its customer base.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:33 pm

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