Benzinga | Sep 9, 2021 03:32PM EDT

Coffee Holding Invests $2.5M In Protein Drink Maker OWYN

* Coffee Holding Co Inc (NASDAQ:JVA) announced a $2.5 million investment in OWYN (Only What You Need), a plant-based protein drink manufacturer.

* OWYN currently offers its protein drinks in five flavors, and the products contain all-natural ingredients.

* "This is a market that is attractive to us given the momentum and future of better-for-you beverages in the United States," said CEO Andrew Gordon.

* The company held $3.5 million in cash and equivalents as of April 30, 2021.

* Price Action: JVA shares are trading higher by 0.84% at $4.81 on the last check Thursday.