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The latest update is out from Fiji Kava Limited ( (AU:CCO) ).
The Calmer Co. International Limited has secured a FJD 2.6 million loan from the Fiji Development Bank to acquire a facility in Navua, Fiji. This facility will include a kava processing plant, staff quarters, and additional amenities. The loan terms include a 5% interest rate over a 20-year period, with several covenants and conditions to ensure compliance. This acquisition is part of the company’s strategy to strengthen its operational capabilities in the region, potentially enhancing its market position and benefiting stakeholders.
More about Fiji Kava Limited
The Calmer Co. International Limited is a health and wellness company providing natural solutions aimed at calming nerves, supporting relaxation, and inducing sleep. Their product range includes drinking powders, teas, shots, concentrates, and capsules, marketed under brands such as Fiji Kava, Taki Mai, and Danodan Hempworks across markets including the USA, Australia, China, New Zealand, and Fiji. They also distribute Leilo kava RTD products in Fiji.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.25M
See more insights into CCO stock on TipRanks’ Stock Analysis page.
