Sales of Faer Isles Founder's Club memberships begins.
Launch of STO (digital share offering) for members of Faer Isles Founders' Club (certificate holders).
STO starts for the general public.
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.
Purchasing of land for the Faer Isles distillery, warehouses, and visitor center in Kvívík.
Initiate refurbishment of interim distillery in Vestmanna with capacity of 500 LPA pr. week of new make whisky and gin.
Develop Kvívík site. Preparations for building Phase 1: the warehouses.
Warehouse in Kvívík completed for storage of casks for whisky production.
Preparations for building Phase 2: the distillery.
Distillery building finished. Equipment to be installed and tested.
Start of production in new distillery in Kvívík.
Preparations for building Phase 3: the visitor center.
Visitor center finished.
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.
Setup of 400L gin distillery equipment at interim distillery in Vestmanna.
Test production of gin.
Setup of whisky distillery equipment at interim distillery in Vestmanna with capacity of 500 LPA pr. week, producing new make whisky.
Test production of whisky starts. New make spirit is put on casks for maturation.
First test batch of whisky is matured for 3 years.
First official batch of whisky is matured for 3 years.
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