ARTISANAL BRANDS, INC. (OTCMKTS:AHFP) Files An 8-K Other EventsItem 8.01Other Events.
Artisanal Caves, LLC, a newly-formed entity that will be owned by Artisanal Brands, Inc. (OTCQB:AHFP) and private investors, has located retail space in Scarsdale, New York in Westchester County approximately 20 miles north of midtown Manhattan for the 1st Artisanal CheeseShop & Café that will include 4 state-of-the-art cheese aging caves viewable by the general public, a café and a full cheese shop. It has also issued a Letter of Intent to acquire an existing specialty food business in the Las Vegas market to enable the Company to expand its national online business with lower cost long-distance overnight shipments at www.artisanalcheese.com. This new low-cost shipping plan will be offered to the Company’s existing drop-ship accounts with retailers Williams Sonoma and Sur La Table and new retailers.
The Company has also signed agreements to acquire a bakery operation that will enable the company to offer a complementary range of equally-premium bread and pastry products, as part of the new 2019 operating plan for the Artisanal brand. The funding for the bakery acquisition is largely in place subject to final adjustments with lenders and the Company intends to close on the Scarsdale and Las Vegas business operations upon the completion of the minimum funding of $1.8 million of a $5 million equity offering.
The two immediate retail locations will be the beginning of a multiple-unit expansion of small format, European->
These developments were part of the Company’s year-long plan to transition from a licensing enterprise to a direct-to-consumer operating plan with scalability coming from reduced overnight shipments and the direct engagement of customers.
The Company will also revert to being a voluntary fully-reporting company within 90 days from the closing to eliminate any disclaimers involving the purchase and/or sale of stock of a non-reporting company.
About ARTISANAL BRANDS, INC. (OTCMKTS:AHFP)
Artisanal Brands, Inc. offers Artisanal Premium Cheese brand to premium restaurants, hotels and private clubs. The Company offers Artisanal Premium Cheese’s products to its customers through the Website www.artisanalcheese.com. The Company offers cheese products in a range of textures, such as semi-soft and soft cheeses, and firm and hard cheeses. The Company offers Artisanal CheeseClock in approximately four flavor quadrants, such as mild, medium, bold and strong. The Company offers a range of beverage pairings, which include Albarino/Alvarinho, Bordeaux White, Brut Champagne, Cabernet Sauvignon, Champagne, Champagne (Pinot), Chardonnay, Chenin Blanc, Gamay, Gewurztraminer, Grenache/Gamacha, Gruner Veltliner, Merlot, Muscat/Moscato, Nebbiolo, Pinot Gris/Pinot Grigio, Pinot Noir, Pinot Noir (New World), Port, Riesling, Sangiovese, Sauternes, Sauvignon, Sauvignon Blanc, Syrah, Syrah/Shiraz and Zinfandel.