Milestones

Faer Isles Funding
2020
August 1

Sales of Faer Isles Founder's Club memberships begins.

2021
February 19

Launch of share emission campaign for members of Faer Isles Founders' Club (certificate holders).

March 15

Round 1 of share emission/crowdfunding campaign starts for the general public.

July 31

Share emission ends.

Autumn

Round 2 of share emission/crowdfunding campaign.

Autumn

The board of Faer Isles Distillery will present to the new shareholders a suggestion that shares will be created as security tokens, and that the Faer Isles Token will be launched for trade on crypto currency exchanges.

Construction Plan
2020
September

Purchasing of land for the Faer Isles distillery, warehouses, and visitor center in Kvívík.

2021
March

Initiate refurbishment of interim distillery in Vestmanna with capacity of 500 LPA pr. week of new make whisky and gin.

December

Develop Kvívík site. Preparations for building Phase 1: the warehouses.

2022
February

Warehouse in Kvívík completed for storage of casks for whisky production.

2025
Summer

Preparations for building Phase 2: the distillery in Kvívík

2026
Summer

Distillery building finished. Equipment to be installed and tested.

Autumn

Start of production in new distillery in Kvívík.

2027
Winter

Preparations for building Phase 3: the visitor center.

Autumn

Visitor center finished.

Faer Isles Production
2019
July

Startup of test production in lab facilities in Tórshavn Faroe Islands and in Copenhagen Denmark. Experiments with production of whisky and of gin, using seaweed and other extracts of local botanicals.

2021
August

Setup of 400L gin distillery equipment at interim distillery in Vestmanna.

August

Test production of gin and akvavit.

September

Commercial production of gin and akvavit.

2022
February

Setup of whisky distillery equipment at interim distillery in Vestmanna with capacity of 500 LPA pr. week, producing new make whisky.

March

Test production of whisky starts. New make spirit is put on casks for maturation.

2025
March

First test batch of whisky is matured for 3 years.

April

First official batch of whisky is matured for 3 years.

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