Grand Havana Cafe Coming to Puerto Rico

Rhea-AI Summary

Grand Havana, Inc (OTC PINK:GHAV) has announced negotiations to acquire AM:PM City Market Corp's portfolio in Puerto Rico, which includes locations in Isla Verde and San Juan. This move aims to expand Grand Havana's presence in Latin American markets by converting these stores into Grand Havana Cafes. The acquisition may contribute over $1.25 million in sales but lacks assurance of completion. City Market Corp already features Grand Havana Coffee, indicating a strong local brand presence.

Positive

• Potential acquisition could increase Grand Havana's footprint in Puerto Rico.
• The deal may introduce $1.25 million in sales into the company.

Negative

• No assurance the transaction will be completed.
• Risks associated with forward-looking statements, including economic uncertainties.

MIAMI, FL / ACCESSWIRE / November 16, 2021 / Grand Havana, Inc (OTC PINK:GHAV) Grand Havana, Inc is proud to announce it has entered into negotiations with AM:PM City Market Corp to acquire its business portfolio in Puerto Rico, which include locations in Isla Verde and San Juan. The stores after the closing will be converted into Grand Havana Cafes.
Headquartered in Puerto Rico, City Market Corp already features Grand Havana Coffee within its portfolio of stores. After numerous negotiations and the company's ongoing plans to increase our footprint in Puerto Rico, we decided it was time to bring our Grand Havana Cafe to PR.

City Market Corp portfolio contains local brands with a strong consumer presence in San Juan.

The acquisition would help to extend Grand Havana's business in developing Latin American markets, while also creating potential future consolidation within Central and South America," a statement from Grand Havana explained.
Preliminary discussions have now begun. This adds over $1,250.000 million dollars in sales with no assurance from either company that the transaction will be completed.

About Grand Havana, Inc.
Grand Havana is a specialty coffee company headquartered in Miami, Florida offering a broad array of coffee products and services. Grand Havana's Optimum Blend is available nationwide and proudly served in our corporate owned cafes Grand Havana Cafe, Mobile Coffee Truck and other locations including universities, supermarkets, cafes, convenience stores, hotels, and online marketplaces. We also offer a b2b solution that provides our coffee product paired with high quality coffee machines, reliable delivery, and timely technical service. Grand Havana is the consumer's brand of choice for the best tasting Cuban Style Espresso.

Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may, "will," "should," "plans," explores," expects," anticipates," continue," estimate," project," intend," and similar expressions. Forward-looking statements involve risks and uncertainties include, but not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and marketing, and various other factors beyond the Company's control.

For more information, visit www.Grandhavanacoffee.com, call 1.800.608.5441, or email orders@grandhavanacoffee.com Find out more about the company at www.Facebook.com/grandhavanacoffee, twitter.com/grandhavcoffee1, or www.instagram.com/grandhavanacoffee/

CONTACT:
Robert Rico
Tel. 305-283-9237

SOURCE: Grand Havana, Inc.

View source version on accesswire.com:
https://www.accesswire.com/673017/Grand-Havana-Cafe-Coming-to-Puerto-Rico

FAQ

What recent acquisition is Grand Havana (GHAV) pursuing in Puerto Rico?

Grand Havana is negotiating to acquire AM:PM City Market Corp's business portfolio, including locations in Isla Verde and San Juan.

How much additional sales does Grand Havana expect from the acquisition?

The acquisition could potentially add over $1.25 million in sales.

When was the acquisition announcement made by Grand Havana (GHAV)?

The acquisition announcement was made on November 16, 2021.

What challenges could Grand Havana face with the acquisition?

There is no assurance that the transaction will be completed, and it faces risks from economic and geopolitical uncertainties.

How does the acquisition align with Grand Havana's business strategy?

The acquisition is part of Grand Havana's strategy to expand its presence in developing Latin American markets.