Artisanal Brands, Inc. (OTCPK:AHFP) announced a private placement of series A convertible preferred shares on August 7, 2013.

On November 15, 2013, the company announced that it will receive $2,000,000 in the transaction. The company is close to receive $1,000,000 in the transaction by the end of our second fiscal quarter ending November 30, 2013.