NuZee And Farmer Brothers Announce Manufacturing Partnership
November 6, 2020
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NuZee, Inc. (d/b/a Coffee Blenders®) (NASDAQ: NUZE) (“NuZee” or “the Company”), a leading U.S. producer of specialty single serve pour-over pouches and tea bag coffee pouches, and Farmer Bros. Co. (“Farmer Brothers”), today announced a strategic partnership under which Farmer Brothers will provide access to manufacturing capacity as NuZee continues to roll out innovative coffee and tea products in the U.S.
Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) today announced it has amended its credit facility with JPMorgan Chase Bank, N.A to increase the Company’s flexibility in supporting its current and future business operations as the COVID-19 situation continues to evolve. The Company also provided a business update for the fourth quarter of 2020.
Farmer Brothers Co. (FARM) on Thursday reported a loss of $39.8 million in its fiscal third quarter.
The Northlake, Texas-based company said it had a loss of $2.32 per share. Losses, adjusted for one-time gains and costs, were 22 cents per share.
Farmer Bros. Co. (NASDAQ:FARM) (the “Company”) today announced the appointment of Scott Drake as Chief Financial Officer and Treasurer, effective March 23, 2020. Scott Lyon will continue to serve in his role as Farmer Brothers’ Vice President, Controller.
The sales price was $10 million for the manufacturing facility and warehouse, according to a filing from publicly-traded Farmer Brothers, a national coffee roaster, wholesaler and distributor founded in 1912.
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