United Cacao Ltd CEZC (LON:CHOC) CEO Dennis Melka walks us through the financing totalling $7.36m and the new sacha gold plantation a premium bean that once grown exceed expectations in terms of taste, disease resistance, quality and quantity.
United Cacao Limited SEZC is the only publicly listed pure-play cacao producer globally and currently the only publicly listed tropical plantation company in Latin America. The Company is publicly traded with the ticker symbol CHOC on the AIM market of the London Stock Exchange and also on the Lima Stock Exchange. All of the Company’s estate staff are employed under Peruvian labor contracts in accordance with the Peruvian Ministry of Labour and paid above national standards via electronic direct deposit to their personal bank accounts. We believe this sets the global labour standard for large-scale, ethically produced cacao.
In an industry plagued with labor abuses, including child labor, human trafficking, slavery, United Cacao Ltd SEZC seeks to provide a clear path forward for ethically produced cacao to the world marketplace. Through its wholly owned Peruvian operating subsidiary, Cacao del Peru Norte SAC (CDPN), the Group seeks to become the world’s largest and lowest cost corporate grower of cacao when it completes the planting of its existing 3,250 hectare estate. In addition, the Group has initiated an adjacent 3,250 hectare small farmer out-grower initiative, Programa Alianza Producción Estratégica Cacao (“PAPEC”), with local communities that it intends to complete planting by 2018.
