Kona Hills · Hawaiʻi Island · A proposed mOrganic estate acquisition · Rule 506(c) · Accredited investors only

Kona Hills — the Farm That Came Back

The largest single estate in the Kona Coffee Belt, and a plan to RESTORE it into a working farm, a food system and a destination.

mOrganic Holdings, LLC has a time-limited agreement to acquire the 1,983-acre Kona Hills heritage coffee estate from a bank-appointed receiver, in a court-supervised sale, for $15.0 million. The independent as-is appraisal is $41.8 million (Grattan Park Inc., GP-035, reaffirmed by the appraiser effective 7 September 2026), so the price is 36 cents on the appraised dollar. About 254,570 coffee trees are already in the ground, and the estate harvested 2.12 million pounds of cherry in 2024/25. The land did not fail. A business model did: every pound sold as commodity green bean at roughly a 12% gross margin, with no roasting, no direct channel, no visitor operation, and about $45 million of debt.

This offering is open to accredited investors only. Rule 506(c) requires us to verify your accredited status before we can share the offering documents, the financial model, the appraisal or the data room. Verification commits you to nothing: it is not a subscription, a commitment or an indication of interest, and most people complete it within one business day. The form is four questions.
Download the 2-page fact sheetRequest 15 minutes with Kendell
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Questions first? Email CEO@morganic.ag.

$15.0MAcquisition price
$41.8MAs-is appraised value
36¢On the appraised dollar
$40.0MProject funding

Three ways to take the next step

Start wherever you are

You do not have to decide anything today. Pick the step that fits.

1

Not sure yet?

Take the two-page fact sheet: the land, the price, the terms and the risks, with nothing to fill in.

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2

Want to talk first?

Not ready to verify, but want to ask questions? Request 15 minutes with Kendell Lang. A conversation is not a commitment, and you do not need to be verified to talk.

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3

Ready for the appraisal?

Verify your accredited status: four questions, about two minutes. Once it is confirmed, a person sends you the appraisal, the full investor presentation, the offering documents and data room access.

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The thesis

RESTORE the Value

Every capability the prior owner lacked is an opportunity, not a defect in the underlying asset. The plan rests on one verb.

RESTORE

The Land

Regenerative agroforestry rebuilds soil health and long-term productive capacity across the estate.

RESTORE

The Economics

From 100% commodity green bean to roasting, an estate brand and higher-margin channels.

RESTORE

The Connection

Direct-to-consumer, subscription and trade channels, including mOrganic’s Japan relationships.

RESTORE

The Destination

A paid tasting and visitor experience that makes Kona Hills a place, not only a supplier.

The asset

An operating estate, bought as a turnaround

This is not a development. The trees are in the ground, the crop is being harvested, and an independent appraiser has underwritten the land.

PropertyLocationAcres
Hokukano RanchKealakekua1,392.710
Kealakekua Heritage RanchCaptain Cook500.000
Coffee Grounds (5 parcels)Holualoa90.259
School HouseKealakekua0.404
8 parcels across 4 properties, fee simple1,983.373
  • 376.5 net planted acres at appraisal, plus 95.6 prepared acres ready to plant, taking the planted area to about 472 acres.
  • 254,570 trees planted 2017–2022; 92% Typica, 5% Caturra, the balance SL34, Geisha, Victoria and Liberica.
  • On-site dry mill, dry pad and color sorter at Coffee Grounds; Starbucks C.A.F.E. Practices certified; GACC-registered for export to China.
  • The largest single estate in the Kona Coffee Belt, which totals only about 3,815 acres.
Crop year: cherry harvestedPounds
2023/24, all properties1,169,816
2024/25, Hokukano1,892,983
2024/25, Coffee Grounds192,139
2024/25, Kealakekua Heritage Ranch37,587
2024/25 total2,122,709

Harvest poundage from the Kona Hills LLC property summary. Audited financial statements are not yet available.

The place itself. A natural volcanic amphitheater on the lower 600 acres, where a guest stands at the floor and the working farm rises around them with the ocean behind. Paniolo and Japanese-immigrant coffee heritage, and protected archaeological sites that stay off the guest path.

Why it failed

And why that is the opportunity

CapabilityUnder prior ownershipUnder mOrganic
Sales100% commodity wholesale green bean; a price taker at about a 12% gross marginAn estate-branded 100% Kona coffee sold at the gate, online, by subscription and to trade
ProcessingContracted off-site milling; no roastingOn-site roasting, processing and packaging
VisitorsNo visitor center, tours or tastingA paid, three-hour tasting and estate experience
LandCoffee onlyCoffee plus coconut, moringa and cacao in a regenerative agroforestry canopy
Balance sheetAbout $45 million of debt it could not serviceAcquired from the receiver at $15.0 million, subject to completion of the court-supervised sale

The Kona Hills Experience

A destination that becomes the distribution

The plan is a paid, three-hour estate tasting that starts at a Visitor Center inside an Agricultural Center of Excellence: 100% Kona coffee from the estate’s own trees, estate-grown chocolate, coconut, moringa, macadamia and hyper-locally grown strawberries, with a planned portfolio of estate spirits subject to federal and Hawaiʻi County liquor licensing.

A cold-start coffee brand buys its customers through paid channels. A destination meets them at the gate: guests who have paid to be there, tasted the product, and can become subscribers at almost no acquisition cost. Nearby operators each own one narrow position. No one else has the land to hold a guest for three hours.

The ingredients come from the HyperLocal EcoSystem™: a coconut over-canopy, moringa mid-canopy and cacao under-canopy interplanted with coffee, alongside controlled-environment aquaponics (CEAq) growing strawberries, greens and herbs year-round.

The operator. In the event we are the winning bidder, we have access to a highly-respected, long-time operator that we believe can help us shift the current operations.

The offering

$40.0 million to acquire and restore Kona Hills

TermSummary
StructureTraditional limited partnership that owns the property
Project funding$40.0 million
Minimum$100,000 subscription
Lead investor$1.5 million lead subscription, funding the earnest money deposit
WarrantEach LP receives warrants to invest an amount equal to its LP investment in mOrganic Holdings, LLC at a 20% discount to Series A pricing
InvestorsVerified accredited investors only (Regulation D, Rule 506(c))
Target closing1 January 2027

Preferred return, distribution waterfall and all other terms are set only in the Summary of Principal Terms and the definitive offering documents.

Use of proceedsAmountShare
Acquire the estate$15,000,00037.5%
Closing, title, legal, diligence and offering costs$1,000,0002.5%
Diversify: roasting, packaging, brand, direct-to-consumer, visitor infrastructure$2,000,0005.0%
Expand: coconut, moringa and cacao; farm restoration$5,000,00012.5%
Regenerate: the HyperLocal EcoSystem$6,000,00015.0%
Build out: CEAq facility$10,000,00025.0%
Operate: working capital and reserve$1,000,0002.5%
Total project funding$40,000,000100%

What to weigh

The risks, stated plainly

  • The transaction may not happen. The agreement with the receiver is time-limited, and receivership sales can fail for reasons unrelated to the buyer.
  • The appraisal is an opinion of value, not a bid. No one has offered $41.8 million for this land, and what a receiver accepts is not evidence of what the open market would pay.
  • There are no audited financial statements yet. Only harvest poundage and the appraiser’s projections. We will not close without them.
  • The producing acreage is unresolved. The 2026 property summary reports a smaller footprint than the appraisal; a field survey is underway.
  • Permits are the binding constraint on the visitor plan, and the capital requirement is larger than the purchase price suggests.
  • This is an illiquid, long-horizon investment in a single agricultural asset on an island, exposed to weather, pests, labor, tourism cycles and coffee prices. You could lose your entire investment.

The full risk register goes to every verified investor with the offering documents.

Your next step

Verification opens the diligence: the appraisal, the full investor presentation, the offering documents, the financial model and the data room. It takes about two minutes, commits you to nothing, and every release is made by a person after your status is confirmed. Not there yet? Take the fact sheet or ask for a call.

Verify to unlock the appraisalRequest 15 minutes with Kendell
Or download the 2-page fact sheet →

Request 15 minutes with Kendell

Not ready to verify, but want to talk it through? Tell us when suits you and Kendell Lang will confirm a time by email, usually within one business day. A conversation is not a commitment, and you do not need to be verified to talk.

Please do not send financial documents or account details here. By submitting, you agree that mOrganic may use these details to arrange the call, as described in our privacy policy.

ACCREDITED INVESTORS ONLY · RULE 506(c) OF REGULATION D This page is part of an offering communication made pursuant to Rule 506(c) of Regulation D. It is not an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer would be unlawful. No offering document, financial model, appraisal or data room access will be provided until accreditation status has been verified by a third party as required by Rule 506(c), and every such release is made by a person, not automatically.

Any investment in the offering described here involves substantial risk, including the risk of total loss of capital, is illiquid, and is suitable only for investors who can bear that risk. The transaction described is subject to a time-limited agreement with a bank-appointed receiver and may not be completed.

Statements about the property, its valuation and its operating history are qualified in full by the offering documents, including the risk factors. The independent appraisal referenced (Grattan Park Inc. GP-035) was reaffirmed by the appraiser effective 7 September 2026. An appraisal is an opinion of value; it does not represent a realizable amount. No return is projected or promised. Past performance of any operator at any other business is not indicative of future results at Kona Hills.

mOrganic Holdings, LLC · 30 N Gould St, Ste R, Sheridan, WY 82801 · CEO@morganic.ag