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Reborn Coffee (NASDAQ:REBN) announced on Tuesday that it has secured commitments for 33 new locations through a mix of area development and franchise agreements, leading to an 11% rise in its stock price.
The new agreements highlight the growing demand for Reborn Coffee’s specialty coffee, tea, and bakery offerings, with locations set to open across several U.S. states and internationally.
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Jay Kim, CEO of Reborn Coffee, expressed his excitement: “With our area development model, we are expanding our presence both domestically and internationally while forging strong local partnerships that will drive operational success.”
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