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Thursday / November 7. 2024
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This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world

ONIT Sciences announced that MGX will serve as the exclusive authorised distributor for ONIT’s innovative organic products across three major agricultural regions.

“This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world,” stated Jeff Moses, president of ONIT Sciences. “MGX is a proven performer, with a world-class team and deep connections to major crop producers in each region they serve. We are extremely excited to open these new markets and help support organic initiatives in countries that have been harmed by chemical farming protocols.”

MGX will carry all ONIT Science products, including its flagship ONIT Grow, a powerful bio-stimulant, surfactant and soil amendment that uses all-natural, organic ingredients to penetrate even the toughest plant surface to stimulate plant vigour and yield. Increases in yield have been documented as high as 40 per cent in some crops. Also available through MGX are the company’s ONIT Input Plus and ONIT Input products, which help farmers significantly reduce costs by enhancing the uptake and absorption of any nutrient, fertiliser or other input that it is mixed with.

“At MGX, we are excited about this new opportunity that will be a great extension to our existing lineup of quality products.  From our initial research, we can see that ONIT’s organic products will be well received within the agricultural communities and within the governments,” stated Moe Negin, Founder of MGX Global Trade Canada Corp. “Our mission is to give back to local communities in rural areas by supplying environmentally sustainable products to help our planet and for healthier future generations.”

Territories covered by this exclusive Authorized Distributor agreement include:

South America

Colombia, Peru, Brazil, Mexico, Panama, Argentina, Chile

Middle East/North Africa
Algeria, Turkey, Dubai, UAE, Bahrain, Egypt, Oman, Libya, Saudia Arabia, Qatar, Kuwait, Lebanon, Iraq, Israel, Jordan, Syria, Tunisia, Yemen

Philippines

This agreement with MGX is evidence of

The funding brings total equity investment to $25 million

The Green Coffee Company (GCC), a Legacy Group portfolio company, fully funded its Series B funding round, which the company recently upsized by $3.5 million due to high demand to $13.2 million. There are currently over 220 individual investors in the business with its accredited investor base rapidly accelerating.

As the Green Coffee company looks towards the future, the focus will be on solidifying its position as the #1 largest coffee producer in all of Colombia. The path to a successful exit for the company has become more clear as it has navigated through this capital raise. The GCC used this investment to double its farms to 4,700 acres – becoming the #2 largest coffee producer in Colombia – and to become the most technologically-advanced coffee producer in Colombia and, we believe, globally.

The $3.5 million upsize to the original $9.6 million Series B was funded in just three weeks by the company’s accredited investor base. Over the past six months, the company has welcomed dozens of investors and supporters of the business to its farms in Salgar, Colombia to see its progress first-hand. The GCC has inaugurated the first of two new world-class coffee processing facilities, with the second expected to come online in Q1 2022.

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

The funding brings total equity investment to