Online retailer Junkie Dog has executed a definitive plan of exchange reverse with coffee firm Grand Havana by purchasing the entire issued and outstanding shares of Grand Havana Masters.

US-based specialty coffee retailer and wholesaler Grand Havana Coffee offers small-batch roasting of Cuban espresso coffee beans. Under the terms and conditions of the share exchange agreement, the acquisition is effective immediately and Grand Havana’s stock has also begun trading under the symbol JKDG on the financial market group OTC Markets.

Focused on producing, distributing, marketing, and selling Cuban espresso and Leaf Tea, Grand Havana intends to file for a symbol change.

Grand Havana Coffee Company's chief executive officer (CEO) Robert Rico said: "We are extremely excited about introducing our Grand Havana Coffee Company into the market.

"Our unique products and specialty coffee lines serve a very fast growing segment in our industry. We are pleased to help bring forth a product that is both the highest quality and that is cost-effective.

"We feel certain this endeavour will be beneficial to consumers and shareholders alike and enjoyed by everyday consumers, as well as coffee enthusiasts worldwide."

The firm has further appointed master blenders Luis Bustelo, Jorge Moreno, Steve Polisar, and Tanya Brodimier to its board of directors.

With plans to launch an online store for its products, the firm intends to file an 8-K with the US Securities and Exchange Commission (SEC) about its post-acquisition business, plan of operations, financial condition, and management team.