Rocky Mountain Chocolate sells $916,667 promissory note for $666,667 to Isaac Lee Collins, LLC

Rocky Mountain Chocolate Factory, Inc.

Company assigned a $1M secured promissory note to Isaac Lee Collins, LLC for $666,666.66 cash.
As of July 19, 2024, outstanding principal was $916,666.66 and unpaid interest was $50,000.
Note had maturity date May 1, 2026; last payment of $83,333.34 received June 28, 2024.
Assignment includes all security and pledge agreements; company relinquishes all rights to the note.

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