RMCF Closes $6.6M Sale-Leaseback, Adds $2.0M Alpine Bank Loan as Q2 Loss Widens
RMCF sits 42% above its 52-week low of $0.66.
Summary
Rocky Mountain Chocolate Factory closed its $6.6M Durango sale-leaseback, repaid its 12% notes, and borrowed a new $2.0M secured term loan from Alpine Bank for working capital as its Q2 net loss widened to $1.3M.
Key Events · Financing and Capital Events · RMCF
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New $2.0M Alpine Bank Term Loan
Funded October 16, 2026, and maturing October 16, 2028, the loan carries prime + 1.00% (6.00% floor, 24.00% default rate) and is secured by substantially all assets plus a ~$1.0M CHFA deposit account assignment; proceeds are earmarked for working capital.
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Sale-Leaseback Closed, Notes Repaid
The Durango property was sold to American Heritage Legacies for $6.6M on October 16, 2026; net proceeds repaid the 12% notes in full, with $0.3M of prepayment penalties and related costs.
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Q2 Loss Widens to $1.3M
Revenue was $6.7M versus $6.8M a year ago; gross margin improved to 8.0% from (0.6)%; the net loss was $1.3M, or $(0.14) per share, versus $(0.09); EBITDA loss was $0.7M.
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Cash Down to $416K
Cash and equivalents fell from $1,218K at February 28, 2026 to $416K at August 31, 2026, with $6.8M of notes payable classified as current.
Analysis · RMCF · Manufacturing
The sale-leaseback has closed and eliminated the 12% notes, but it came at a cost of $0.3M in prepayment penalties, and the company simultaneously took on a new $2.0M secured term loan just to fund working capital — a sign the balance sheet remains stretched. Cash stood at $416K at quarter-end, and the Q2 net loss widened to $1.3M from $0.7M a year ago, so the fresh debt buys runway rather than fixing the underlying cash burn. Secured by substantially all assets, the loan carries a 25% change-of-control default trigger, which matters while the board runs a sale process.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RMCF was trading at $0.94 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8.8M. The 52-week trading range was $0.66 to $2.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.