Nutrition Capital Network news: Stevia Company Signs Financing Agreement

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.

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