US-based coffee company Jammin Java and High Performance Beverage have signed a memorandum of understanding (MoU) to develop canned and bottled cold coffee drinks.

Under the MoU, Jammin Java will produce coffee types such as tetrahydrocannabinol (THC) and cannabidiol (CBD) based coffees for the Colorado markets.

It will also produce sugar-free, low-calorie, canned or bottled cold coffee products for the US markets. Other lineups will feature coffee energy drinks including full fat and sugar along with low-calorie varieties.

Jammin Java's chief executive officer (CEO) Chris Plant said: "We are excited to begin this transition in our business model from traditional coffee roasters to the cold coffee drink business.

"We are excited to begin this transition in our business model from traditional coffee roasters to the cold coffee drink business."

“We believe we will have many advantages over the existing companies in the market place because we are a coffee company first.

"The fact we are located in Colorado, where cannabis is recreationally legal, will give us a competitive advantage when we start selling cannabis coffee drinks throughout the state.”

Jammin Java’s primary focus will be on the taste and the ingredients at the time of producing its coffee based drinks.

The company provides sustainably grown and artisan roasted gourmet coffee through multiple US and international distribution channels.