Hilo-based ML Macadamia Orchards LP is planning on selling additional shares in the company to existing owners in a stock offering they hope will generate $20 million to fund expansion plans. The company revealed plans last week to diversify from just being the state’s largest macadamia nut grower to creating and selling a new brand of packaged nut products. The envisioned sale, if successful, would double the market value of the company. Under the plan, existing investors could buy one share for each share they already own. There are currently 3,153 partners in the company.…
