$AHFP: running on 8-K Item 8.01 Other Ev
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Posted On: 05/23/2017 12:56:02 PM
$AHFP: running on 8-K
Item 8.01 Other Events.
The company’s executive chairman resolved the outstanding long-disputed tax claim against the company as part of the new equity offering being contemplated to expand into company-owned Artisanal retail locations with a format of a cheese shop & café. The company will become a fully-reporting filer with the closing of the equity offering. The completion of the new equity offering will also trigger the transition of the company from a licensing company to an operating entity with a new direct-to-consumer business plan. The company will continue to service only select premium hospitality outlets as its sole business-to-business operation with all other revenues being generated by direct consumer sales online or through new company-owned retail outlets. The tax resolution adds to the shareholder loan conversion that was part of a previously announced agreement with early-stage investors to convert approximately $7 million of loans into common stock at $.30 per share at the closing of the equity offering.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARTISANAL BRANDS, INC.
By:
/s/ Daniel W. Dowe
Daniel W. Dowe
Executive Chairman
DATED: May 19, 2017
Item 8.01 Other Events.
The company’s executive chairman resolved the outstanding long-disputed tax claim against the company as part of the new equity offering being contemplated to expand into company-owned Artisanal retail locations with a format of a cheese shop & café. The company will become a fully-reporting filer with the closing of the equity offering. The completion of the new equity offering will also trigger the transition of the company from a licensing company to an operating entity with a new direct-to-consumer business plan. The company will continue to service only select premium hospitality outlets as its sole business-to-business operation with all other revenues being generated by direct consumer sales online or through new company-owned retail outlets. The tax resolution adds to the shareholder loan conversion that was part of a previously announced agreement with early-stage investors to convert approximately $7 million of loans into common stock at $.30 per share at the closing of the equity offering.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARTISANAL BRANDS, INC.
By:
/s/ Daniel W. Dowe
Daniel W. Dowe
Executive Chairman
DATED: May 19, 2017
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