Item 2. Properties
Item
2. Properties.
Our
principal executive offices are located at 12100 Wilshire Boulevard, 8 th Floor, Los Angeles, California, 90025. Our lease
of our former executive offices at 3600 Wilshire Boulevard, Suite 1720, Los Angeles, California, 90010 expired on March 31, 2026 and
was not renewed.
Arps
Dairy is currently operating a dairy processing plant consisting of approximately 15,000 square feet, located at 220 N. Clinton Drive,
in Defiance, Ohio (the “Existing Facility”). It is also in the process of constructing the New Facility, a 44,000-square-foot
state-of-the-art manufacturing facility at 136 Fox Run Drive in Defiance, Ohio. We plan to complete construction and install processing
equipment during 2026, creating a modern production hub that will serve as a cornerstone of the Company’s expanded manufacturing
strategy. In addition, Arps Dairy has been given a $2.4 million government grant to be used towards the equipment installation at the
New Facility. Arps Dairy will vacate the Existing Facility once the New Facility is ready for operations in late 2026.
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