Post-Seed US$1M Series A Round
Funds harvesting expansion with Grower-Producer membership
Our kaupapa (objective) is to harvest three thousand tons of foliage in the first year under our 8 year harvesting rights on Kohumaru Manuka Station where our 450ha contracted harvesting area carrys circa 9,000 tons of foliage
Funds oil extraction expansion through increasing capacity
From this 3,000 tons we expect to produce 9,000 kgs/lit of pure manuka oil for export to the US where our Related Affiliate will use the oil in our value adding process. Part of the value chain integration policy of the Co-Op.
Funds innovative value-adding that expands product distribution
The value adding company in the US is Tribal Manuka Inc and it currently has 12 products under development for release into the USMCA free trade zone. With pure manuka oil retailing in the US at circa US$22 per 10ml bottle, it is expected that the Tribal brand will enjoy a premium pricing advantage.
