DTS8 Coffee Company, Ltd., announced yesterday that it will relocate its corporate head office from Shanghai, China to Vancouver, British Columbia, Canada, and plans to be fully operational August 1, 2015.
The sales office in Shanghai and the roasting facility in Huzhou will be unaffected.
The relocation will strengthen DTS8 by hedging the country risk associated with doing business exclusively in China. It will allow DTS8 to pursue new revenue opportunities in the North American green bean coffee market.
Mr. Alex Liang, Chairman of DTS8, said, “DTS8 plans to expand its footprint with a steady flow of roasted and green bean coffee products targeted at the growing North American gourmet coffee market and allowing us to be well-positioned for future growth opportunities in China and North America.”
Mr. Alex Liang added, “This relocation is focused on implementing necessary measures with a view towards improving our operations in China, increasing revenues for the benefit of our shareholders, and to minimize the negative perceptions associated with being a solely China based company.“
