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Jatcorp (ASX:JAT) enters US market via Koha Foods distribution agreements

ASX News, Consumer Discretionary
ASX:JAT      MCAP $27.06M
23 March 2022 12:04 (AEST)
Jatcorp (ASX:JAT) - Managing Director, Wilton Yao

Source: Wilton Yao/LinkedIn

Jatcorp (JAT) has launched into the US market after signing exclusive distribution agreements for its in-house immune support products for sale in Hawaii and Guam.

The products will be distributed by Koha Foods Hawaii, a company that has specialised in the distribution of food to Hawaii’s supermarkets, restaurants, pharmacies and commercial customers since 1984.

The products available for distribution include those under the Jinvigorate, Moroka and Vmeat ranges with Koha not able to sell any other products in Hawaii or Guam of a similar nature.

The agreement runs for an initial five-year period with the option to extend for a further five.

It marks Jatcorp’s first step into the US market with the US distribution of its co-branded CocoSoul Moroka through Saputo to begin shortly.

Under this agreement, Jatcorp and Pinnacle Laboratories will develop new products under the CocoSoul Moroka brand, such as immune support coffee, immune support chocolate, immune support oat milk and matcha.

The first batch of products are set to be distributed in the March quarter with a second batch expected in the June quarter.

Jatcorp was down five per cent on the market with shares trading at 1.9 cents at 12:03 pm AEDT.

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