MyFarm $13M Rockit apple investment offer closes oversubscribed

Tue, 26 Dec 2017

By Tina Morrison Dec. 27 (BusinessDesk) - MyFarm Investments, which pools funds for rural investment, said its $13 million offer for growing miniature Rockit snack apples closed oversubscribed. The company said its offer, under the Rakete Orchards Limited Partnership, closed on Dec. 15 having attracted 67 investors with an average investment of $195,000. The partnership will lease and fund the planting of 55 hectares of the Rockit apple variety across four orchard blocks in the Heretaunga Plains of Hawkes Bay, the only planting of new orc...

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