Fantastic news! Today, Wednesday 8th August, we reached our second share offer target of £750,000. This has been achieved in little over a year, so a BIG thank you to everyone who has helped us get here.
The share offer was intended to raise funds for further development of the GlenWyvis brand, and to bring gin distillation to Dingwall. We’ve now been able to do both of those things. We’ve also successfully launched the new GlenWyvis GoodWill Scottish Gin and our membership now sits at over 3,700 people – which is amazing!
However, we continue to get investment enquiries on a daily basis. So we’ve decided we’re not quite finished yet…and we’ve set a new stretch target of £1 million, to bring our membership up to over 4,000, and to take the total funds raised to £3.5 million. This will enable us to both meet continuing demand from potential investors, and also further reduce the need to seek additional commercial borrowing to fund the distillery operations in the early years while we wait for our whisky to mature. So on we go…
