Business

California Olive Ranch Gets $35M Investment

COR said it had received the largest investment ever for an American producer that will be used for research, expansion, and the implementation of environmental initiatives.

Dec. 15, 2017
By Joanne Drawbaugh

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Cal­i­for­nia-based pro­ducer Cal­i­for­nia Olive Ranch (COR) said Wednes­day it had received the largest equity invest­ment in the his­tory of the U.S. olive oil indus­try.

The equity invest­ment of $35 mil­lion was made by what the com­pany called major US-based insti­tu­tional and exist­ing investors.” COR said the invest­ment will help make Amer­i­can-made olive oil a player on the global stage.

This invest­ment will accel­er­ate the future of the Amer­i­can olive oil move­ment, inno­vate our sus­tain­able har­vest­ing meth­ods and rev­o­lu­tion­ize our pro­duc­tion tech­nol­ogy.- Gregg Kel­ley, Cal­i­for­nia Olive Ranch

The funds will be used for expan­sion to accom­mo­date the rapidly increas­ing demand for Cal­i­for­nia-made olive oil. In a press state­ment, COR said it will dou­ble its acreage, pro­vide more jobs and pro­vide fam­ily farms with resources to plant more olive trees and grow their busi­nesses,” through insights gleaned from fur­ther research stud­ies.

The invest­ment will also sup­port COR’s envi­ron­men­tal efforts and a por­tion will sup­port the com­pa­ny’s ongo­ing research within the organic space,” accord­ing to a rep­re­sen­ta­tive.

COR’s regen­er­a­tive agri­cul­ture project seeks to reduce the com­pa­ny’s car­bon foot­print. Every new acre acquired through the financ­ing deal will be planted using tech­niques the com­pany said will make its oper­a­tions the first large-scale imple­men­ta­tion of regen­er­a­tive agri­cul­ture for per­ma­nent plant­i­ngs.”

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With the sup­port of our investors, this round of fund­ing sup­ports the plant­ing of new acreage for Cal­i­for­nia Olive Ranch, but is also an invest­ment in the future of olive oil,” said Gregg Kel­ley, COR’s CEO. This invest­ment will accel­er­ate the future of the Amer­i­can olive oil move­ment, inno­vate our sus­tain­able har­vest­ing meth­ods and rev­o­lu­tion­ize our pro­duc­tion tech­nol­ogy.”


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