The Calmer Co Secures Expanded Lease in Navua, Fiji
Released
Released
Announcement PDF
August 8, 2025
ASX RELEASE
The Calmer Co Secures Expanded Lease
in Navua, Fiji for Future Growth
08 August 2025, Brisbane: The Calmer Co. International Limited (ASX: CCO), a packaged
goods company focused on kava and other natural products that support relaxation, aid
sleep, and offer an alternative to alcohol, provides the following update regarding its
Navua facility in Fiji.
The Calmer Co has successfully negotiated an expanded lease agreement for its
Navua manufacturing facility in Fiji, securing a three year term with an option to
extend until 2031. This strategic move ensures long term control of the manufacturing
site, supporting uninterrupted operations and aligning with the company's growth
strategy, aimed at achieving scalability and breaking even.
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.
Founder & CEO Zane Yoshida commented, "This agreement ensures the stability of our
manufacturing operations through 2031. The staged lease expansion gives us the
flexibility to expand as needed and supports our plans for growth, especially as we enter
the US market."
Key Terms of the New Lease Agreement
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Lease Commencement: 1 September 2025
Initial Term: 3 years
Renewal Option: 3 additional years (to August 2031)
Initial Rent: FJD $14,800/month (VEP)
Rent from 1 July 2026: FJD $17,850/month (VEP) following full handover
Rent Cap: Maximum 10% increase upon review
Lessor: Kaiming Agro Processing Pte Limited
Termination: Lessee may terminate with 3 months’ notice, or 1 month in
exceptional circumstances
Staged Site Expansion
The lease secures access to over 2,000 sqm of operational space through a staged
handover:
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By 31 January 2026: front yard, additional receiving and packing areas, cooler,
blast freezer area and admin offices
By 30 June 2026: laboratory
The Company will assume full possession of the expanded site and will relocate its core
processing, packing, and administrative operations accordingly.
Background
On 9 October 2024, the Company announced that it had executed a binding offer to acquire
the Navua property. On 6 February 2025, the Company announced that the contract would
become unconditional with the support of a FJD2.64 million loan facility from the Fiji
Development Bank (FDB).
During the final stages of completion, it was identified that building plans required for
transfer were unavailable due to prior flood damage at the local town council. The
Company engaged engineers to assist with compliance documentation, who subsequently
advised that remedial works would be required to meet current standards, including full
temporary vacating of the premises.
To avoid operational disruption, the Company has negotiated to terminate the acquisition
agreement and has entered into a long-term lease of the facility with expanded terms to
support future growth. The landlord has agreed to this revised arrangement, and the
Company did not draw down on the FDB facility. Capital earmarked for the acquisition will
now be redirected to strategic growth initiatives.
Strategic and Financial Implications
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Right of First Refusal: The Company retains the right to purchase the site if it is
offered for sale during the lease term.
Power & Infrastructure: The Company will fund installation of a 750KVA
transformer and related power infrastructure to support increased production
capacity.
Insurance & Maintenance: The Company will maintain public liability, equipment,
and business interruption insurance, while the landlord remains responsible for
structural and cyclone-related cover.
Operational Continuity: The lease secures long term control of the
manufacturing site with no disruption to operations, aligning with The Calmer Co.’s
path to breakeven and scalable growth.
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ENDS
This announcement has been approved for release by the Board of The Calmer Co.
International Limited.
For further information
Investor & Media Relations
Matthew Reede
Dominion Communications
matt@dominion.partners
+61 414 483 054
About the Calmer Co.
The Calmer Co. International Limited (ASX:CCO) is a fast-growing beverage business
leveraging a global opportunity in kava and other natural products that replace alcohol
and support relaxation and sleep.
Our products are delivered to consumers globally through e-commerce channels and
blue-chip retail distribution partners, supported by a reliable farm to shelf supply chain.
The product range includes drinking powders, natural and flavoured kava shots,
concentrates and capsules, sold under the brands Fiji Kava, Taki Mai and Danodan
Hempworks in markets including USA, Australia, New Zealand, China and the Pacific
Islands.
Forward Looking Statements
This ASX release includes certain forward-looking statements that are based on
information and assumptions known to date and are subject to various risks and
uncertainties. Actual results, performance or achievements could be significantly different
from those expressed in, or implied by, these forward-looking statements. Such forwardlooking statements are not guarantees of future performance and involve known and
unknown risks, uncertainties and other factors, many of which are beyond the control of
The Calmer Co. These factors may cause actual results to differ materially from those
expressed in the statements contained in this announcement.
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