Hike funding

The Green Coffee Company Launches $100M Series C Funding Round to Revolutionize the Colombian Coffee Industry

  • The company is already the largest coffee producer in Colombia. The company aims to become the world’s largest producer of Arabica coffee and is dedicated to environmental, social and economic sustainability.

  • The new trick is to $25 million in equity investment and $75 million in debt financing.

  • Proceeds from the Series C funding round will be used for additional farm acquisitions, farm development and infrastructure, U.S. coffee roasting operations and by-product alcohol distillation Coffee.

MEDELLIN, Colombia, September 8, 2022 /CNW/ — The Green Coffee Companya portfolio company of Legacy Group and Colombia largest coffee producer, today announced the launch of its $100 million Series C funding round. The round consists of a proposal $25 million in equity financing and $75 million in debt financing.

GCC Farms – Salgar, Colombia

Equity financing to date exceeds $35.0 million of more than 275 wealthy investors. Founded in 2017, the US-based coffee company currently has 27 farms covering 6,652 total acres and approximately 7.7 million coffee trees. The company is on the right track to $13.4 million sales in 2022 (multiplied by 10 compared to 2021) and approximately $1.95 million in 2022 EBITDA, with plans to substantially increase revenues and profitability in the years to come.

The new capital will enable the company to advance a new way of doing business that transforms the way coffee is produced, processed and monetized into Colombia. The new investment is expected to provide the Green Coffee Company with the capital needed to further expand its Colombian operations, accelerate its coffee roasting operations in the United States, and allow the company to launch its own lines of liqueurs and distilled spirits from coffee cherries and other coffees. by-products.

“This round of funding will push us further towards our goal of becoming the largest Arabica coffee producer in the world,” said Cole Shepard, Green Coffee Company Founder and partner of Legacy Group, the company’s asset manager. “Through the construction of our roasting facility and the monetization of coffee by-products, we will be able to fully vertically integrate additional business lines, from roasted coffee to consumer alcohol products. We already have the most sophisticated coffee processing facilities in Colombia, and, in our view, globally. We intend to continue to be innovation leaders in the coffee industry by Colombia and around the world.”

The Green Coffee Company has committed to six of United Nations Sustainable Development Goals as central principles of its activity: gender equality, clean water, decent work, responsible consumption, climate action and life on earth.

Examples include:

  • In collaboration with the local organization, Madres Solteras, Cabezas de Hogar — Single mothers, heads of households. The company has created more than 20 jobs for women in this group and placed them in management positions in the company’s extensive coffee nurseries;

  • Investment in formal employment for 100% of company employees, unheard of in the Colombian coffee industry. Currently, more than 50% of GCC employees benefit from a pension plan and healthcare coverage, while more than 95% of GCC employees have access to formal banking services. The sector averages for each of these categories in Colombiaon the other hand, are respectively 1%, 3% and 41%;

  • Receive acknowledgement in December by the International Labor Organization for creating a safe and healthy working environment for all its employees;

  • Purchasing coffee cherry production from smallholder farmers at convenient buying points at or above market prices, along with technical and financial support, to increase their income; and

  • Having planted more than 300,000 coffee trees on former pastures.

The integration of environmental, social and economic sustainability is at the heart of all Green Coffee Company operations. The company prides itself on having obtained the Rainforest Alliance sustainable agriculture certification and for adhering to Coffee And Farmer Equity (CAFE) practices standard, a program developed by Starbucks, Conservation International and SCS Global Services.

In July, the company was recognized by the president of Colombia Congress and Colombia Minister of Agriculture for his progress in the field of agriculture. CEO of GCC, Boris Wullneraccepted the price of “Best Technological Innovation” in agriculture. In addition, the company has become a national leader by practicing digital agronomyusing mobile technology to monitor farm conditions and trends, so farming decisions can be made based on the best available data.

The $25.0 million the share offering will be open to accredited individual investors, institutional investors and coffee industry participants at $100,000 minimal investments, with substantial multiples on projected investment through a sale of business or an IPO in the United States. The company also welcomes institutions interested in the $75.0 million debt portion of the funding cycle.

If you are interested in participating in GCC’s Series C funding round, please contact Legacy Group, the company’s asset manager, at [email protected]. Please visit his website for more information and to be added to the Legacy Group mailing list.

To learn more about Green Coffee Company, visit https://gcc-coffee.com/.

About Green Coffee Company

The Green Coffee Company is a consolidated coffee farming operation headquartered in the United States with operations based in Medellín, Colombia. The company’s innovative business model allows complete control of the supply chain: from cultivation to processing and direct trade with end customers. GCC’s holistic approach to the coffee sector and commitment to environmental best practices not only establishes the company’s long-term profitability and sustainability, but also improves the quality of coffee produced on the farms.

Follow Legacy Group on Linkedin for news related to the Green Coffee Company and other alternative investment opportunities at: https://www.linkedin.com/company/legacygroup/.

Note on forward-looking statements

This document contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Readers of this document should understand that these statements are not guarantees of performance or results. Many factors could affect actual results and cause them to differ materially from the expectations contained in the forward-looking statements, including those set forth herein. We caution readers not to place undue reliance on the forward-looking statements included herein, which speak only as of the date of this document. We are not responsible for updating these statements except as required by law.

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(PRNewsfoto/Legacy Group)

(PRNewsfoto/Legacy Group)



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