The Calmer Co Secures Expanded Lease in Navua, Fiji
| Stock | The Calmer Co International Ltd (CCO.ASX) |
|---|---|
| Release Time | 8 Aug 2025, 2:13 p.m. |
| Price Sensitive | Yes |
The Calmer Co Secures Expanded Lease in Navua, Fiji
- Secures 3-year lease with 3-year extension option for Navua manufacturing facility in Fiji
- Ensures long-term control of manufacturing site to support growth strategy and US market entry
- Redirects capital from acquisition to accelerate growth initiatives
The Calmer Co. International Limited (ASX: CCO), a packaged goods company focused on kava and other natural products, has successfully negotiated an expanded lease agreement for its Navua manufacturing facility in Fiji. The new lease secures a 3-year term with an option to extend until 2031, ensuring long-term control of the manufacturing site and supporting the company's growth strategy aimed at achieving scalability and breaking even. The capital initially allocated for acquiring the facility will now be redirected to accelerate growth initiatives, providing critical operational funds as the company introduces its new product range to the US market. The lease agreement includes a staged handover of additional operational space, including front yard, receiving and packing areas, cooler, blast freezer, and administrative offices by January 2026, and a laboratory by June 2026. The company will assume full possession of the expanded site and relocate its core processing, packing, and administrative operations accordingly. The lease also includes a right of first refusal for the company to purchase the site if it is offered for sale during the lease term, and the company will fund the installation of a 750KVA transformer and related power infrastructure to support increased production capacity.
The expanded lease agreement ensures the stability of the company's manufacturing operations through 2031, providing the flexibility to expand as needed and supporting its plans for growth, especially as it enters the US market.