Leni Gas Cuba takes a sip of Cuban coffee company

Leni Gas Cuba takes a sip of Cuban coffee company
07:58 20 Jun 2016

For an investment of £27,300, the company has secured a 10% stake in a
company looking to promote Cuban coffee round the world

CMC plans to provide equipment and know-how in return for a supply of
green coffee beans

Cuban specialist investment company Leni Gas Cuba Limited (ISDX:CUBA)
has acquired a 10% interest in The Cuba Mountain Coffee Company Ltd
(CMC) for £27,300.

CMC is an English company founded in 2013 to globally promote a
single-origin gourmet coffee from Cuba's famous Guantanamo region, both
as green beans and also via CMC's own bespoke coffee brand, "Alma de Cuba".

CMC is in the process of seeking approval from the Cuban authorities to
secure green bean coffee supplies.

It is also working towards formalising a definitive ten-year
(extendable) international economic association (IEA) with the
authorities that will provide, over a five-year period, capital and
equipment to improve the processing and quality of green beans from the
region. In return, CMC will obtain the rights to an increasing
proportion of this production for global marketing.

If all goes to plan, the definitive IEA should be completed by the end
of this year.

Through the planned investment over the course of the next 10 years, CMC
aims to work together with coffee processors in arguably Cuba's most
ideal coffee growing region, the Guantanamo Province, to provide
processors with modern techniques, technology and resources, Leni Gas
Cuba told investors.

As the quality and quantity of the green coffee harvests gradually
improves each year, CMC aims to increase worldwide distribution of both
green Cuban coffee to commercial and independent roasters and roasted
Cuban coffee under its "Alma de Cuba" brand.

The IEA is designed to implement a programme of monitored ecological
sustainability in conjunction with the relevant Cuban government
department and increase trading of green beans in the UK, Europe, Asia
and potentially the USA if and when the circumstances allow.

The IEA envisages that CMC will provide the machinery and technology
over five years to improve the quality and quantity of beans in return
for rights to purchase premium Alto Serra coffee.

In addition, the IEA envisages the government agency providing
commitments for exclusive supply of coffee from the Guantanamo Province.
The final IEA will cover trademarks, pricing, micro-region designation
and other points.

"The Cuban Coffee Industry will benefit from the latest agricultural
techniques and expertise that CMC can bring to improve this famous
agricultural sector,2 said David Lenigas, Leni Gas Cuba's executive
chairman.

"Although there is still a lot of work to be done to formalise the
contractual relationships between Cuba Mountain Coffee and the
Government, we are look forward to being a valued contributor to CMC's
efforts in boosting Cuba's coffee production and exporting this valuable
premium product to the world," he added.

Source: Leni Gas Cuba Limited takes a sip of coffee company focused on
promoting coffee from Cuba's famous Guantanamo region -
http://www.proactiveinvestors.co.uk/companies/news/127281/leni-gas-cuba-takes-a-sip-of-cuban-coffee-company