J. Cortès, the owner of Oliva Cigar Co., has purchased tobacco farms in Condega, Nicaragua.
There are multiple transactions. One of them included the purchasing of a new 132-hectare farm. Cortès also had a separate transaction with the Oliva family, which involved the purchasing of the family’s Condega growing operations. That deal includes the physical operations, some land as well as the rights to various leases. In total, that transaction totals 305 hectares, though some of it is leased land.