PR97714

MEDELLIN, Colombia, Sept. 8, 2022 /PRNewswire=KYODO JBN/ --

  -- The company is already the largest coffee producer in Colombia. The company

     has the goal of becoming the world's largest producer of arabica coffee,

     and is dedicated to environmental, social and economic sustainability.

     New round consists of $25 million in equity investment and $75 million in

     debt funding.

  -- Proceeds from the Series C funding round will be deployed towards

     additional farm acquisitions, farm development and infrastructure, U.S. coffee

     roasting operations and alcohol distillation of coffee byproducts.

The Green Coffee Company

(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=2289333334&u=https%3A%2F%2Flegacy-group.co%2Fcurrent-offerings%2F&a=Green+Coffee+Company),

a Legacy Group portfolio company and Colombia's largest coffee producer,

today announced the launch of its $100 million Series C funding round. The

round consists of a proposed $25 million in equity financing and $75 million in

debt funding.

Photo - https://mma.prnewswire.com/media/1893993/GCC_Trees.jpg

Logo - https://mma.prnewswire.com/media/1713831/GCC_Logo.jpg

Equity funding to date exceeds $35.0 million from more than 275 high-net-worth

investors. Founded in 2017, the U.S.-headquartered coffee company currently

boasts 27 farms spanning 6,652 acres in total landholdings and roughly 7.7

million coffee trees. The company is on track for $13.4 million in 2022 sales

(a 10x increase from 2021) and approximately $1.95 million in 2022 EBITDA, with

plans to scale revenue and profitability substantially in the coming years.

The fresh capital will enable the company to drive forward a new way of doing

business that transforms the manner in which coffee is produced, processed and

monetized in Colombia. The new investment is expected to provide the Green

Coffee Company with the capital needed to further expand its Colombian

operations, accelerate its U.S.-based coffee roasting operations and enable the

company to launch its own lines of liquors and spirits distilled from coffee

cherries and other coffee by-products.

"This funding round will push us further towards our goal of becoming the

world's largest arabica-coffee producer," said Cole Shephard(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=3641075720&u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fcole-shephard-67b1a51a%2F%3ForiginalSubdomain%3Dco&a=Cole+Shephard),

Green Coffee Company Founder and partner at Legacy Group, the company's

asset manager. "Through the buildout of our roasting facility and the

monetization of coffee byproducts, we will be able to fully

vertically-integrate additional lines of business from roasted coffee to

business-to-consumer alcohol products. We already have the most sophisticated

coffee processing facilities in Colombia, and, we believe, globally. We intend

on continuing to be leaders of innovation in the coffee industry in Colombia

and throughout the world."

The Green Coffee Company has committed to six of the United Nations'

Sustainable Development Goals(

https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=1396846520&u=https%3A%2F%2Fwww.undp.org%2Fsustainable-development-goals%3Futm_source%3DEN%26utm_medium%3DGSR%26utm_content%3DUS_UNDP_PaidSearch_Brand_English%26utm_campaign%3DCENTRAL%26c_src%3DCENTRAL%26c_src2%3DGSR%26gclid%3DCj0KCQjwgO2XBhCaARIsANrW2X1fJhEmqcBz99MBL_jkhoB11Q6LrGRGX7eY3G6xOX5LV24OaMrqq-UaAsh5EALw_wcB&a=%C2%A0United+Nations%27+Sustainable+Development+Goals) as central tenets of its business: gender equality, clean water, decent work,

responsible consumption, climate action(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=4160602097&u=https%3A%2F%2Fwww.undp.org%2Fsustainable-development-goals%3Futm_source%3DEN%26utm_medium%3DGSR%26utm_content%3DUS_UNDP_PaidSearch_Brand_English%26utm_campaign%3DCENTRAL%26c_src%3DCENTRAL%26c_src2%3DGSR%26gclid%3DCj0KCQjwgO2XBhCaARIsANrW2X1fJhEmqcBz99MBL_jkhoB11Q6LrGRGX7eY3G6xOX5LV24OaMrqq-UaAsh5EALw_wcB%23responsible-consumption-and-production&a=responsible+consumption)

and life on land(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=1508310163&u=https%3A%2F%2Fwww.undp.org%2Fsustainable-development-goals%3Futm_source%3DEN%26utm_medium%3DGSR%26utm_content%3DUS_UNDP_PaidSearch_Brand_English%26utm_campaign%3DCENTRAL%26c_src%3DCENTRAL%26c_src2%3DGSR%26gclid%3DCj0KCQjwgO2XBhCaARIsANrW2X1fJhEmqcBz99MBL_jkhoB11Q6LrGRGX7eY3G6xOX5LV24OaMrqq-UaAsh5EALw_wcB%23life-on-land&a=life+on+land).

Examples include:

  -- Working with the local organization, Madres Solteras, Cabezas de Hogar —

     Single Mothers, Heads of Household. The company has created more than 20

     jobs for women of this group and placed them in leadership positions of the

     company's vast coffee nursery operations;

  -- Investment in formal employment( https://c212.net/c/link/

     t=0&l=en&o=3641795-1&h=2451998373&u=https%3A%2F%2Fgcc

     coffee.com%2Fblog%2Fformal-employment-coffee-going-against

     grain&a=formal+employment ) for 100% of company employees, never

     before-seen in the Colombian coffee industry. Currently, more than 50% of

     GCC employees have a pension plan and health care coverage, while more than

     95% of GCC employees have access to formal banking. The sector averages for

     each of those categories in Colombia, on the other hand, respectively, are

     1%, 3% and 41%;

  -- Receiving recognition(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=3070976298&u=https%3A%2F%2Fgcc-coffee.com%2Fblog%2Fgcc-farms-internationally-recognized-safe-and-healthy-work-conditions&a=recognition) in December by the International Labor Organization

     for creating a safe and healthy work environment for all of its employees;

  -- Purchasing smaller farmers' coffee cherry production at convenient buying

     points at-market 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 pasture land.

Integrating environmental, social and economic sustainability is at the core of

all of the Green Coffee Company's operations. The company prides itself on

having obtained the sustainable-agriculture certification of the Rainforest

Alliance(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=2946799089&u=https%3A%2F%2Fwww.rainforest-alliance.org%2Fwhy-certification%2F&a=sustainable-agriculture+certification+of+the+Rainforest+Alliance) and for adhering to the Coffee And Farmer Equity (C.A.F.E.) Practices

standard, a program(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=928938556&u=https%3A%2F%2Fwww.scsglobalservices.com%2Fservices%2Fstarbucks-cafe-practices&a=standard%2C+a+program) developed by Starbucks, Conservation International and SCS Global Services.

In July, the company was recognized by the president of Colombia's Congress and

Colombia's minister of agriculture for its advances in agriculture. GCC's CEO,

Boris Wullner, accepted the award for "Best Technological Innovation"

(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=2198892087&u=https%3A%2F%2Fgcc-coffee.com%2Fblog%2Fgcc-recognized-best-technological-innovation&a=%22Best+Technological+Innovation%22) in agriculture. Additionally, the company has become a national leader by

practicing digital agronomy(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=2953231401&u=https%3A%2F%2Fgcc-coffee.com%2Fblog%2Fdigital-agronomy-intelligent-crop-management-better-coffee&a=digital+agronomy), using mobile technology to monitor farm conditions and trends, so farming decisions may be made based on the best data available.

The $25.0 million equity offering will be open to accredited individual

investors, institutional investors and coffee-industry participants at $100,000

minimum investments, with substantial multiples on investment projected through

a company sale or U.S. IPO. The company also welcomes those institutions

interested in the $75.0 million debt portion of the funding round.

If you would like to participate in GCC's Series C funding round, please

contact Legacy Group, the company's asset manager, at

investor.relations@legacy-group.co. Please visit its website

(https://c212.net/c/link/?t=0&l=en&o=3641795-1&h=2963295735&u=https%3A%2F%2Flegacy-group.co%2Fcurrent-offerings%2F&a=website) for more information, and to be added to Legacy Group's mailing list.

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

About Green Coffee Company

The Green Coffee Company is a consolidated coffee farming operation

headquartered in the U.S. 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.

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 vary materially from the expectations contained in

the forward-looking statements, including those set forth in this document. We

caution readers not to place undue reliance on any forward-looking statements

included in this document, which speak only as of the date of this document. We

undertake no responsibility to update these statements, except as required by

law.

Media Contact

Legacy Group

investor.relations@legacy-group.co

SOURCE: Legacy Group