The coffee farm group has acquired an additional 1,389 acres of coffee farmland making it Colombia's largest coffee producer
The acquisition brings GCC's total landholdings to 6,372 acres, with a total coffee tree count of 7.2 million | Photo credit: Andres Hernandez
The Green Coffee Company (GCC) has announced the acquisition of an additional 1,389 acres of coffee farmland, making the Colombian coffee farm group the country’s largest coffee producer.
GCC, headquartered in the US with operations based in Medellin, Colombia, attained $9.6m series B funding in December 2021.
The acquisition brings its total landholdings to 6,372 acres, with a total coffee tree count of 7.2 million.
The company states that the newly-acquired land, adjacent to the its current farms in Salgar, Colombia, will enable GCC to operate with lower cost of production, greater ease of farm management and improved use of existing infrastructure capacity.
New series C equity funding round is expected to be formally announced in the Autumn, with the investment set to help GCC build a US-based coffee roasting operation.
GCC is part of The Legacy Group, an alternative asset manager that targets profitable investment opportunities with high social and environmental impact in Latin America.
Colombia is the third-largest coffee producer in the world by volume, behind Brazil and Vietnam.