Daily News: April 9, 2014

River North Equity Provides Top Shelf Brands Facility

Top Shelf Brands Holding announced that it signed a financing agreement for $5 million with River North Equity.

“Securing a financing facility through an institutional investor provides management with great leverage as our business plan is implemented,” said Alonzo Pierce, CEO of Top Shelf Brands Holding Corp. “Management can draw down on this financing at any time giving the flexibility to make strategic decisions on growing our business. We anticipate using these funds for acquisitions, and other business activities that will directly result in generating revenue and earnings. This credit facility will not be used for working capital or corporate overhead. We currently have enough cash on hand to tactically move our business plan forward.”