POSTED: 6:11 a.m. HST, Oct 5, 2012
Mamaki of Hawaii Inc., owner and operator of Wood Valley Plantation in Pahala on Hawaii island, has been purchased by Texas-based UMED Holdings Inc.
Mamaki is a plant used by native Hawaiians to make tea with healing properties.
Wood Valley Plantation is located above the 2,000-foot elevation in the Kau district and produces award-winning coffee as well as mamaki. The mamaki operation is being expanded to help meet anticipated demand, the company said, in a statement.
UMED Holdings has interests in energy, agricultural operations, precious metals exploration, software and aircraft maintenance, and is traded over-the-counter via Pink Sheets.