Stevia Nutra Corp. (Corner Brook, Newfoundland), a company focused on stevia agronomics (including plant breeding, proprietary agricultural practices and post-harvest techniques), has entered into a financing agreement with Fairhills Capital Offshore Ltd. Fairhills will provide for a non-brokered financing arrangement of up to $3 million. The financing will be used to provide cash flow and support expansion in Southeast Asia. The World Health Organization estimates that stevia will replace up to 20% of the global sweetener market valued at over $10 billion, the company said. Citing Zenith International estimates, it noted that stevia agriculture production would have to triple within two years to meet demand.
Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.
For more finance and investment information, visit Nutrition Capital Network news.