Business
SC Holdings Corp. acquires Fijian Kava project
SC Holdings Corp. acquires Fijian Kava project.
About this update from Sc Holdings Corp.
[{"type":"text","content":"SC Holdings Corp. (“Company”) signed a Joint Venture agreement (“JV”) with the Fijian based ‘Kava Brothers’ project (“The Project”).Under the JV agreement a partnership will be set up to finance the purchase of up to 50 tonnes of Fijian Kava at a competitive cost as well as provide support services, sales & marketing, legal, distribution, licensing and accounting services. Kava Brothers wixll reinvest the majority of the proceeds to acquire up to 100 tonnes of Kava per year for 5 years. The total Pacific Island population in the USA is believed to be larger than 1,225,195 as per a census of 2010. Over half (58 percent) of the Pacific Islander population lived in just two states, Hawaii and California. The primary use of kava is reducing stress and anxiety. Research suggests that kava could help treat the symptoms of anxiety disorders.The Kava Brothers project will buy locally on a forward purchase contract whilst providing much needed services to the local market aimed sell to the USA. Our Kava MissionWe believe that demand will grow in the coming years and consumers will want to make ethically and biologically conscious choices. Our naturally grown, reputable, high quality Fiji Kava product is that perfect choice. Kava is a huge part of Fijian culture not just for consumption but it ceremonially facilitates formal meetings, family gatherings (where knowledge is traditionally verbally passed down to the younger generations) as well as casual/social occasions. It is also a big income and economic driver for a country with high levels of poverty. Our mission is to connect local farmers with local and international markets. We aim to provide farmers with consistent income and support/guidance to provide a long term, consistent and quality product. Through this initiative we aim to supply consumers locally and internationally with the most consistent and highest quality supply of Kava from the Fiji Islands.The Company will be completing an additional lab test as all kava that is intended to be sold as a food or dietary supplement, be analytically tested and issued a certificate of analysis by a qualified lab prior to it being sold on the open market to consumers.FORWARD-LOOKING DISCLAIMERThis press release may contain certain forward-looking statements and information, as defined within the meaning of Sectio...