date:Jul 01, 2014
prior year, it reports.
The continued success of Jefferson's brings additional requirements for aged bourbon and finished goods inventory, said John Glover, chief operating officer of Castle Brands, in a statement. To provide long-term bourbon supplies, we purchased $5 million of aged bourbon. The company financed the bulk bourbon purchases through the placement of $2.1 million of 5 percent convertible notes (convertible into common at $0.90 per share), proceeds from the exercise of warrants a