An announcement from Rocky Mountain Chocolate Factory (RMCF) is now available.
Rocky Mountain Chocolate Factory, Inc. has transferred all rights and interest in a three-year secured promissory note worth $1.0 million, along with associated security and pledge agreements, to Isaac Lee Collins, LLC for about two-thirds of its value. The note, originally issued on May 1, 2023, had an outstanding principal and unpaid interest totaling $966,666.66 as of July 19, 2024, before the transfer on July 26, 2024. This strategic financial move is detailed in an agreement that is now fully accessible for review by the public.
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