Jammin Java Corp (OTCMKTS:JAMN) On The Comeback Trail

For those subscribers that are reading about Jammin Java Corp (OTCMKTS:JAMN) for the first time, the Company, doing business as Marley Coffee, is a U.S.-based company that provides sustainably grown, ethically farmed and artisan roasted gourmet coffee through multiple U.S. and international distribution channels. U.S. and international grocery retail channels have become the Company's largest revenue channels, followed by online retail, office coffee services (referred to herein as OCS), food service outlets and licensing. The Company intends to introduce new cold coffee beverages to its product line and achieve a leadership position in the gourmet coffee space.Jammin Java announced on Apr 25, 2017 that it signed a memorandum of understanding (MOU) with High Performance Beverage Company (OTC PINK: TBEV) to joint venture in the development of canned and bottled cold coffee drinks. High Performance Beverage Company manufactures and distributes a line of sport performance drinks, and has created a new beverage segment under the trade name High Performance Beverages.With this joint venture, Jammin Java is moving into new areas of cold coffee products to establish itself within the multi-billion dollar industry. According to Bloomberg news, the Canned or bottled ready-to-drink coffee is a natural evolution flowing from a consumer landscape awash with countless independent premium coffee bistros. The U.S. ready-to-drink coffee market has been growing by double digits annually since 2011, and Euromonitor International expects the market to reach nearly $3.6 billion by 2020. The global market stood at $18 billion in 2015, according to Euromonitor.Jammin Java is planning to produce a Cannabis Coffee for the Colorado markets, including THC and CBD based coffees. Also planned are Sugar Free and Low Calorie Canned and Bottled Cold Coffee products, and Coffee Energy Drinks including full fat and sugar along with low calorie varieties. Jammin Java considers the taste and the active ingredients to be the most important factors in producing its coffee based drinks. Chris Plant, CEO of Jammin Java, stated:

"We are excited to begin this transition in our business model from traditional coffee roasters to the cold coffee drink business. We believe we will have many advantages over the existing companies in the market place because we are a coffee company first. The fact we are located in Colorado, where cannabis is recreationally legal, will give us a competitive advantage when we start selling cannabis coffee drinks throughout the state. Priority number one is making a great tasting coffee drink, and a close number two is establishing ourselves as the premium cannabis coffee drink in Colorado. Once we accomplish that, we will look to start cannabis coffee drinks in the other legally permitted States."

In other news, Jammin Java announced on April 17, 2017 that Shane G. Whittle, one of several individuals and international companies implicated in a 2015 SEC civil complaint [SEC v. Jammin' Java Corp, et al, Case No. 2:15-cv-8921-SVW (C.D. Cal. 2015)] alleging a pump-and-dump scheme that occurred in 2011 involving the stock of Jammin' Java Corp. (JAMN), reached a voluntary settlement with the SEC without any admission of wrongdoing. The United States district court entered a final judgment on the matter for Mr. Whittle on April 11, 2017.

JAMN stock has been trading sideways at around $.0005 since April 2017. The stock has slightly increased over the last couple of days to $.0014 on July 10, 2017, where the stock is currently trading.The latest financial reports for the Company are for the period ending October 2016. This seems a bit outdated. The report shows zero revenues for the quarter, in spite of the fact that the Company has had a history of steady revenues. Another notable trend in the financial reporting is the Company has consistently operated at a Net Loss since 2013. Current market capitalization stands at $229,307, on 229.31 million shares outstanding as of July 10, 2017.In spite of the SEC civil complaint Jammin Java had to contend with, the Company continues to move forward. The main problem as we see it is that Jammin Java will need to eliminate the red flags from its financial reporting before investors build large positions. If the company does deliver, it will be a major catalyst to take shares higher. We will be updating our subscribers as soon as we know more. For the latest updates on JAMN, sign up below!Image courtesy of ktkrzakusan via FlickrDisclosure: We have no position in JAMN and have not been compensated for this article.