News Column

ARTISANAL BRANDS, INC. FILES (8-K) Disclosing Other Events

May 28, 2014

Item 8.01 Other Events.



The Company has been pursuing a plan to raise equity capital and operate its business independently, however the delays in closing the funding has resulted in select shareholders wanting to pursue alternative plans to operate Artisanal's business. These shareholders have contacted the company's president and board members. The board of directors has agreed to pursue various offers of interest in either buying Artisanal's business or licensing its intellectual property assets as Artisanal Premium Cheese, notwithstanding its efforts to raise equity capital and complete the shareholder loan-to-equity conversion plan that was previously announced. The Artisanal Premium Cheese brand has been expanded into the retail, foodservice and e-commerce sectors for specialty cheese that has drawn interest from businesses that can see strategic value with Artisanal Premium Cheese brand. The Company will be making operating decisions based on the development of these plans.


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Source: Edgar Glimpses


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