QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 54, No. 5, May 2014, Posted On: 5/1/2014

Mother Parkers Buys Multimillion-Dollar Stake In Marley Coffee

Emily Jed
TAGS: office coffee service, OCS, vending, Marley Coffee, Mother Parkers Tea & Coffee, RealCup, K-Cup compatible capsules, Rohan Marley, WaterWise

DENVER -- Mother Parkers Tea & Coffee Inc. has entered into an agreement to invest up to $8.25 million in Marley Coffee.

Under the terms of the agreement, Mother Parkers will acquire 7,333,529 units at $0.3409 per unit (each consisting of one share of common stock and one warrant to purchase one share of common stock) for $2.5 million, which represents an approximately 7% interest in Marley Coffee.

Denver-based Marley Coffee may receive up to an additional $3.75 million upon the exercise of warrants. In addition, Mother Parkers will provide $2 million in marketing funds over the next two years to promote the Marley brand in the United States and Canada.

Ontario-based Mother Parkers produces Marley Coffee in its RealCup capsules, which are designed for use with K-Cup-compatible brewers. Mother Parkers is also Marley's Canadian foodservice provider and brings its coffee to market in key retail accounts across Canada.

Marley Coffee chairman and founder Rohan Marley said most of the cash infusion from Mother Parkers will go toward reinforcing the company's brand and increasing product turn.

Mother Parkers will also receive a seat on the to-be-formed board of advisors of Marley Coffee to help shape the company's growth.

Rohan Marley will become the lead ambassador for WaterWise, Mother Parkers' environmental sustainability project, which seeks to improve the living conditions and water filtration systems in the Sidamo area of Ethiopia, a coffee growing region from which Marley Coffee sources its coffee beans.

Topic: Coffee Service News

  • Club Coffee's 100% Compostable Coffee Capsule Earns BPI Certification
  • National Coffee To Market Numi Organic Tea In U.S. OCS Market
  • Celestial Seasonings Debuts Organic Teas
  • Keurig Begins Selling Home-Brew Kold Machine
  • National Coffee Day Builds Excitement And Traffic: Sep. 29

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570