By Sam Boughedda
Investing.com — Shares of Nuzee Inc (NASDAQ:NUZE) skyrocketed after Cuvée Coffee revealed plans to expand into over 3,000 Walmart stores.
NuZee makes the single-serve filter bags used by Cuvee.
The news has seen NuZee shares surge over 223% to $6.50 so far on Thursday after opening up the session at $2.01.
"NuZee is thrilled to see our partner roasters, Cuvée Coffee, expand their customer reach with the single-serve filter bags at select Walmart locations nationwide,'' said Travis Gorney, chief innovation officer at NuZee.
Nuzee has made several announcements in the last few months, including a partnership with Stone Brewing to introduce Xocoveza Tres Leches coffee at Stone's Brewery locations in the United States.