The Hawaii NoniPower Cooperative was formed to help Big Island noni fruit and herb farmers, and consumers to work together, to acquire great value from Hawaii Island fruit and herb-based health products.
The Hawaii NoniPower Cooperative is a legally organized, not for profit, consumer cooperative formed under Hawaii Revised Statutes 421c. We are registered with the State of Hawaii/IRS (July 15, 2016) and with the FDA (Octover 1, 2016).
In close cooperation with the local farmers of Big Island, Hawaii, we strive to create and develop unique products that support superior health and wellbeing .
WHAT IS A CONSUMER COOPERATIVE
Cooperatives are run at cost (not for profit), for the benefit of the members, but unlike other not for profit organizations, are allowed to issue exempt securities (shares) to its members to raise equity financing (working capital).
Cooperatives are allowed to pay up to an 8% dividend to their shareholders annually.
Shareholders may sell their shares back to the cooperative, with the board of directors approval.
Consumer cooperatives do not allow any one dominant shareholder. In many cooperatives, any one shareholder’s ownership is limited to 19%. Everyone needs to work together, per the cooperative bylaws (rule book), to achieve the cooperative goals.
The Co-op board, for this second round of equity financing, has approved the sale of 6,000 shares of stock, priced at $50 per share, to raise $300,000 for operations development. 10 share minimum purchases are encouraged. 1,980 shares (19% ownership), is the maximum purchase by any one shareholder, per bylaws, allowed.
The Co-op is following a consumer cooperative equity financing development model, which uses stock splits to reward early, higher risk, developmental stage, cooperative supporters.
If you like what we are doing here at Hawaii NoniPower Cooperative, you can own a piece of the company! As an investor, you get exclusive, members only, products, pricing, as well as other benefits. Plus, if we’re successful, you can make money!
WHAT WE DO
We grow noni fruit and other plants
We process them at our 12,000 square foot FDA Registered Factory
We make powder, puree, juice and concentrate
We encapsulate powder and bottle juice
We sell to the world
Hawaii NoniPower Owners Application
Before we can go any further, we need you to read the Hawaii NoniPower Cooperative’s By-Laws and The Role of an Owner at the Hawaii NoniPower Cooperative.