Special Meeting of Owners

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March 2 at 6 p.m. at Street 14 Cafe (1410 Commercial St. Astoria)

To approve amendments to the Co-op’s articles of incorporation to establish a class of preferred shares (an important step in our expansion).

The Co-op’s expansion plans require significant capital and fortunately we can raise money via our owners.  It’s a great opportunity for local people to invest in our locally-owned grocery store. Food co-ops are successfully using preferred shares as a means to generate funds for expansion.

Co-op owners would purchase shares and receive annual dividends.  In order to offer these preferred shares, we would need to amend the Co-op’s articles of incorporation.

Our board of directors approved the amendment at its October meeting and we need a certain amount of Co-op owners to vote as well.  Read the fine print by clicking here.

We’ll explain in greater detail and hold an election at a special meeting of owners on March 2 at 6 p.m. at Street 14 Cafe in Astoria.  It should be a fun evening full of tasty treats and a video showing another co-op’s success in raising funds for expansion.

If you have any questions you can chat with our general manager matt@astoria.coop or call the store (503) 325-0027.  You can also check out Matt’s article in our newsletter. We hope to see you at the meeting!