Jamba Reaches Canada

Zacks.com:

California-based Jamba Inc recently signed a long-term development agreement with Canada Juice Corp. to expand in Canada.

As per the deal, Canada Juice Corp. will develop 80 Jamba Juice restaurants in Canada over the next ten years, through franchising. However, the financial terms of the deal were not disclosed. The first Jamba Juice location in the Canada is slated to open in late 2011.

Canada Juice Corp. operates 1,200 stores in 25 countries under several brands including Yogen Fruz, Yogurty’s and I Can’t Believe It’s Yogurt.

The recent deal affirms Jamba’s intent to make Canada one of its prime international markets, after South Korea and the Philippines. We believe the Canadian market offers great growth opportunities as Canadians are appreciative of high quality food.

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