Holy Cow! Green Mountain Coffee Is Up 27% On Starbucks Partnership

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Photo: Associated Press

Green Mountain is SURGING more than 27% in pre-market trading on its new single-brewing deal with Starbucks.Starbucks is up more than 8% on the news.

Here is what you need to know

  • Green Mountain’s Keurig brewing system will be sold with Starbucks single-cup coffee and Tazo tea podsĀ 
  • The combined products will be sold in grocery stores, wholesale clubs and drugstores starting this fall
  • Both companies say the single-cup market has the potential to reach $4 billion
  • Financial terms of the deal have not been disclosed yet

Green Mountain shares plunged a few weeks ago when rumours of a deal with Starbucks fell through.

Green Mountain is a heavily shorted stock.

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