NUZEE, INC.


Associated tags: Coffee

Locations: CALIFORNIA

NuZee, Inc. Announces Completion of Private Placement of Convertible Note and Warrants

Retrieved on: 
Thursday, May 2, 2024
Sale, Coffee, Storey, Security (finance)

The private placement closed on May 2, 2024.

Key Points: 
  • The private placement closed on May 2, 2024.
  • Each purchaser of the convertible notes receives warrants to purchase 100% of the number of shares of common stock into which such purchaser's note is initially convertible.
  • The warrants will be immediately exercisable, have an exercise price of $1.322 per share and expire two years after issuance.
  • The transaction, including the conversion price of the convertible notes and the exercise price of the warrants, was priced pursuant to Nasdaq's "Minimum Price" requirements under Nasdaq Listing Rule 5635(d).

NuZee, Inc. Announces NASDAQ-Approved Extension to Regain Compliance with Nasdaq Listing Rule 5550(b)

Retrieved on: 
Thursday, April 11, 2024
Equity, Notice, 8-K, Coffee, Letter, The Company, Cryptocurrency

VISTA, Calif., April 11, 2024 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announced that it had been granted an extension of time to regain compliance with Nasdaq Listing Rule 5550(b) until June 14, 2024.

Key Points: 
  • VISTA, Calif., April 11, 2024 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announced that it had been granted an extension of time to regain compliance with Nasdaq Listing Rule 5550(b) until June 14, 2024.
  • Nasdaq Listing Rule 5550(b)(1) requires companies listed on The Nasdaq Capital Market to maintain stockholders' equity of at least $2,500,000 (the "Stockholders' Equity Requirement).
  • Pursuant to the Notice, Nasdaq gave the Company 45 calendar days to submit to Nasdaq a plan to regain compliance.
  • On April 9, 2024, the Company received a letter from Nasdaq under which it stated that based on the Company's plan submission that Nasdaq has determined to grant the Company an extension of time to regain compliance with Nasdaq Listing Rule 5550(b) until June 14, 2024 (the "Extension Letter").

NuZee, Inc. Announces Receipt of NASDAQ Notification

Retrieved on: 
Friday, January 26, 2024
Notice, Annual report, Listing, Form 10-K, Coffee, Calendar, Medical device

In its Form 10-K, the Company reported stockholders' equity of $1,674,357, and, as a result, does not currently satisfy Nasdaq Marketplace Rule 5550(b)(1).

Key Points: 
  • In its Form 10-K, the Company reported stockholders' equity of $1,674,357, and, as a result, does not currently satisfy Nasdaq Marketplace Rule 5550(b)(1).
  • The Notice has no immediate effect on the Company's listing on the Nasdaq Capital Market.
  • In accordance with Nasdaq rules, the Company has 45 calendar days from the date of the notification to submit a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1).
  • The company intends to regain compliance within the applicable compliance period and is preparing a compliance plan to submit to Nasdaq.

NuZee, Inc. Announces Delay in Filing Form 10-K

Retrieved on: 
Friday, December 29, 2023
Form 10-K, CFO, Form, Coffee, Security (finance), Annual report

RICHARDSON, Texas, Dec. 29, 2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the fiscal year ended September 30, 2023.

Key Points: 
  • RICHARDSON, Texas, Dec. 29, 2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the fiscal year ended September 30, 2023.
  • The Company expects to file the Form 10-K on or before January 12, 2024.
  • "While the delayed filing of our Form 10-K is disappointing, we believe it is important to ensure continued improvement in all operating aspects of the business.
  • My focus as newly appointed President and COO has been to rebuild the relationship with our largest customer and significantly improve our performance in meeting their standards.

NuZee, Inc. Appoints Randell Weaver as President and Chief Operating Officer

Retrieved on: 
Tuesday, December 12, 2023
Master of Arts, CFO, University of Santa Monica, Coffee, Food, Psychology, Randell, Strategic planning, Mentorship, Calendar, CPG, University, Growth, TSX, Management

RICHARDSON, Texas, Dec. 12, 2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE ), a leading coffee co-packing and technology company, today announced Randell Weaver has been appointed to serve as the company's President and Chief Operating Officer, effective immediately.

Key Points: 
  • RICHARDSON, Texas, Dec. 12, 2023 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE ), a leading coffee co-packing and technology company, today announced Randell Weaver has been appointed to serve as the company's President and Chief Operating Officer, effective immediately.
  • As President & COO, Weaver will have responsibility for all U.S. operations.
  • Weaver joined the company in August 2023 as Chief Financial Officer and will also continue to serve in that role.
  • Mr. Weaver previously held interim management positions at a private equity-acquired food packaging company and a frozen food company.

Stone Brewing Launches Full Line of Specialty Coffee

Retrieved on: 
Tuesday, November 7, 2023
Stone Brewing Co., Coffee, Beer, Partnership, Love, Rock (geology), Marketing

When Stone fans showed their love for Stone coffee, it became clear that they are as passionate about unique, bold coffee as they are about beer.

Key Points: 
  • When Stone fans showed their love for Stone coffee, it became clear that they are as passionate about unique, bold coffee as they are about beer.
  • We're excited to extend the bold and bitter personality of Arrogant Bastard Ale and the cross-border influence of Stone Buenaveza and Stone Xocoveza into these specialty coffee offerings."
  • The full line of specialty coffee products includes:
    Stone Brewing Coffee is produced in partnership with NuZee, Inc. (Nasdaq: NUZE), a leading coffee co-packing and technology company.
  • Stone Brewing Coffee will be distributed nationwide through NuZee's vast network of natural grocery, traditional grocery, and convenience store channels, as well as office coffee, hotel brokers, distributors, and direct-to-consumer channels.

Jimmy Butler's BIGFACE Brand Launches Single Serve Pour-Over Coffee in Partnership with NuZee Subsidiary Dripkit

Retrieved on: 
Wednesday, October 11, 2023
Coffee, Partnership, Tea

RICHARDSON, Texas, Oct. 11, 2023 /PRNewswire/ -- NuZee, Inc. (Nasdaq: NUZE), a leading coffee co-packing and technology company, today announced its subsidiary, Dripkit, is partnering with BIGFACE to produce a line of pour-over coffee. BIGFACE's DOUBLESTAR blend will be available in Dripkit's single-serve packaging beginning in October.

Key Points: 
  • RICHARDSON, Texas, Oct. 11, 2023 /PRNewswire/ -- NuZee, Inc. (Nasdaq: NUZE ), a leading coffee co-packing and technology company, today announced its subsidiary, Dripkit, is partnering with BIGFACE to produce a line of pour-over coffee.
  • This collaboration provides the Dripkit and BIGFACE customers a delicious and exciting way to bring coffee with them no matter where they may go.
  • "We continue to expand the footprint of our Dripkit product and are excited to welcome BIGFACE to the NuZee family of partners.
  • BIGFACE, a lifestyle brand with a vision for a world with better coffee, big dreams and bigger smiles, joins an esteemed line of Dripkit roasting partners.

NuZee to Present at the LD Micro Invitational XVI 2023 Conference

Retrieved on: 
Wednesday, October 4, 2023
Coffee, Conference, Cryptocurrency, Nightclub

RICHARDSON, Texas, Oct. 4, 2023 /PRNewswire/ -- NuZee, Inc. (Nasdaq: NUZE), a leading coffee co-packing and technology company, announced today that Masa Higashida, Chief Executive Officer, and Randy Weaver, Chief Financial Officer, will present a corporate overview at the LD Micro Invitational XVI 2023 Conference.

Key Points: 
  • RICHARDSON, Texas, Oct. 4, 2023 /PRNewswire/ -- NuZee, Inc. (Nasdaq: NUZE), a leading coffee co-packing and technology company, announced today that Masa Higashida, Chief Executive Officer, and Randy Weaver, Chief Financial Officer, will present a corporate overview at the LD Micro Invitational XVI 2023 Conference.
  • The conference is being held on October 3 – 5, 2023 at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
  • The company will present at 9:30am PST on October 4th and Mr. Higashida and Mr. Weaver will be available for one-on-one meetings with registered attendees of the conference.

NuZee Subsidiary Dripkit Coffee Launches La Colombe Coffee Roasters Single Serve Pour Over Dripkit

Retrieved on: 
Tuesday, October 3, 2023
Nizza, La Colombe Coffee Roasters, Stumptown Coffee Roasters, Restaurant, Union Hand-Roasted Coffee, Verve Coffee Roasters, Coffee

RICHARDSON, Texas, Oct. 3, 2023 /PRNewswire/ -- Dripkit Coffee, a division of NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announces its agreement with La Colombe Coffee Roasters to create a co-branded Dripkit, a single serve pour over kit that contains 17g of freshly roasted and ground coffee. The co-branded kit will feature the brands best-selling Nizza medium roast and is expected to be released in October of this year.

Key Points: 
  • RICHARDSON, Texas, Oct. 3, 2023 /PRNewswire/ -- Dripkit Coffee, a division of NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, today announces its agreement with La Colombe Coffee Roasters to create a co-branded Dripkit, a single serve pour over kit that contains 17g of freshly roasted and ground coffee.
  • La Colombe ( www.lacolombe.com ) is a leading coffee roaster known for ethical, long-term trade practices with growers.
  • La Colombe Coffee joins an esteemed line of DripKit partners, which include Verve Coffee Roasters, Stumptown Coffee Roasters, Union Coffee Roasters, Cafe Unido, Rival Bros. and Sisters Coffee.
  • Dripkit Coffee is a business division of the NuZee (NASDAQ: NUZE ) brand portfolio.

NuZee Inc. Announces Dripkit's Meadow St. Blend Wins a Silver 2023 Store Brands Editors' Picks Award

Retrieved on: 
Friday, September 29, 2023
Melon, Water, Coffee, News, Tea

RICHARDSON, Texas, Sept. 5, 2023 /PRNewswire/ -- NuZee, Inc. (Nasdaq: NUZE), a leading coffee co-packing and technology company, today announced its Dripkit Meadow St. Blend was recognized by the 2023 Store Brands Editors' Picks Best New Products Awards. The single-serve pour-over won silver in the Coffee/Tea category.

Key Points: 
  • Blend was recognized by the 2023 Store Brands Editors' Picks Best New Products Awards.
  • Store Brands is a leading trade publication focused on private label grocery and retail news.
  • "We are thrilled that Store Brands has recognized Dripkit's Meadow St.
  • Meadow St.'s light drinking blend features coffees from Ethiopia and Guatemala, making it balanced and approachable for novices and baristas alike.