Artisanal Brands is making it even more convenient to find its specialty cheeses at its first Artisanal Premium Cheese café, opening by Spring 2014 at the front entrance of the Falchi Building in Long Island. As part of these expansion plans, the company is continuing to raise capital through the sale of convertible preferred shares, according to a press release.
“After two long years of searching for a facility to accommodate our cheese aging operation, a retail store and offices in one affordable location, we are relieved to finally bring our relocation plans to conclusions,” said Daniel W. Dowe, President and CEO. “The Long Island City neighborhood is booming with changes from new residential high-rises and major corporate tenants like Jet Blue. The Falchi Building itself is undergoing renovations and we see the building and neighborhood continually evolving.”
The company is also pleased that it is about to complete half of its $2 million convertible preferred stock offering. If closed by the end of its second fiscal quarter on November 30, the company would have an improved balance sheet and would trigger the conversion of $4.5 million of early stage shareholder loans into preferred shares and common stock at the conversion price of $0.30 per share.
And finally, the company has signed four contracts with online wine merchants to cross-promote Artisanal Premium Cheeses directly on their websites by placing the Artisanal CheeseClock™ icon on each product page. These wine merchants include www.invino.com, www.finewineonline.com, www.b-21.com, and www.plonkwinemerchants.com.
Be sure to look forward to Artisanal’s first cheese café next year!