April 29, 2019 - Regulation CF, the reg that made small scale Crowd funding (up to $1.07 million annually) legal, requires issuers like us to file an Annual Report with the Securities and Exchange Commission. Wefunder is very helpful with both the preparation - by providing us with fill in the blanks forms - and the actual filing with the SEC. One of those required blanks is titled "Message to Investors". We thought it appropriate to share with our community of owners and potential owners.
Message to Investors:
We made major strides in 2018. We completed the acquisition of Jersey Artisan Distilling - the producer of James FC Hyde Sorgho Whiskey. We nearly tripled orders vs 2017, AND simultaneously increased our supply of aging Sorgho Whiskey inventory from under $500,000 (at wholesale value) to over $600,000. We entered key markets of California, Texas and Florida (the top three spirits markets in U.S.). California and Texas are demonstrating early market traction fueling our growth rate. Looking forward into 2019, while we love Reg CF and truly believe having a large number of committed and loyal owners / investors is an operating asset, a priority for 2019 will be to attract a strategic institutional investor.
And the Necessary Legal Disclaimer
Also included in the Annual Report is legal disclaimer language like, this report 'may include forward looking statements but there can be no assurance that the results and events contemplated by forward-looking statements will, in fact, transpire. Forward-looking statements can be identified by use of terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions. You should be aware that these forward-looking statements are subject to risks and uncertainties that are beyond the Company’s control. Actual results could differ significantly from these forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results and events contemplated by the forward-looking statements contained in offering materials will in fact transpire. You are cautioned to not place undue reliance on these forward-looking statements.'
Final 36 Hours of Our Offering
We've now entered the final 36 hours of our offering. Fence sitters are running out of time to decide. Plus a reminder, we worked side by side with Wefunder and AltoIRA to enable investments from patient IRA capital. Those who made investments decisions in the past based on only having access to after tax cash, should reconsider their investment decisions now that access to IRA capital is possible and can be invested See our Offering page for details. Please invest within your means.
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