QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 52, No. 8, August 2012, Posted On: 8/6/2012

Marley Coffee Secures $4 Million To Fund Expansion

Emily Jed
TAGS: coffee, office coffee service, vending, Jammin Java, Marley Coffee, TCA Global Credit Master Fund, Fairhills Capital Management, Rohan Marley, Brent Toevs

LOS ANGELES -- Jammin Java said it has secured $4 million in funding from two financial institutions to support an aggressive expansion for Marley Coffee, its flagship brand.

Jammin Java has signed a credit agreement with TCA Global Credit Master Fund that allows the company to borrow up to $2 million with a term of one year. It has also entered into an equity line of credit investment agreement with Fairhills Capital Management, which allows it to issue and sell up to $2 million worth of its common stock to Fairhills Capital.

Marley Coffee chairman Rohan Marley said the funding will support the Los Angeles-based company's plan to establish new distribution channels for its products nationally and internationally.

Marley Coffee chief executive Brent Toevs said the company and coffee brand has already strengthened its global presence through several important milestones achieved over the past year. "The reality is that we are executing on numerous initiatives, and with this financing in place we plan to strategically increase our workforce to successfully implement these business-building programs and continue our growth."

Marley Coffee is available for OCS in traditional fraction packages and single-serve pods, and is coming to full-line vending through branded machines.

Topic: Coffee Service News

  • Rich Coast Becomes Two Rivers Single-Cup Coffee Distributor For Central PA
  • NCA's 2017 U.S. Coffee-Drinking Trends Include More Gourmet, Younger Consumers
  • Colombian Coffee Production Rises 18% In February
  • Keurig And Dunkin' Donuts Expand K-Cup Partnership To Workplaces And Hotels
  • Keurig Green Mountain To Pay $5.8 Million Civil Penalty For Alleged Home Brewer Defect

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570