Apple Rush Company, Inc. announces signing of LOI to acquire Lena Brewing providing a critical piece of our seed to sale initiative
June 2nd, 2022
News, Top News
TITUSVILLE, Fla., June 2, 2022 /PRNewswire/ — The Apple Rush Company, Inc. (OTC PINK: APRU) (the “company”) has signed a letter of intent to acquire Lena Beverage, LLC. Lena Beverage is a craft brewing operation with licensing for beer, alcohol, and hemp production. The transaction will be paid for in cash, non-convertible debt, and preferred shares of APRU. Tony Torgerud, CEO of Apple Rush, stated, “This acquisition provides us with the cycle closing capability of our seed to sale initiative. We will also be able to begin producing Apple Rush in our own facilities not captive to large volumes per batch. It will also give us the ability to produce our hard seltzer product line.”
Apple Rush Company, Inc. to acquire Lena Brewery in Lena, Illinois to produce our products on demand.
Ross Vehmeier, founder Lena Beverage, stated, “We are very excited to join the APRU family and look forward to growing our beverage footprint as a result. Tony and his team are very talented folks that we are very excited to grow with.”
“APRU, with a complete team of professional brewers will give us regional capabilities at the onset, with national aspirations and with revenues approaching $800,000 per year without our current needs will deliver excellent growth opportunities for us in the future. Sign up for updates at http://aprubrands.com/contact/ and enter to win sample products from APRU. Only forms with complete, accurate information will be entered. Keep watching our video updates at https://www.youtube.com/channel/UCq86ODBlqGktGs35ovpTwuw to continue watching the story unfold,” continued Tony.
About The Apple Rush Company, Inc.
The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element Brands and other labels. The Apple Rush brand has almost 49 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.applerush.com, www.aprubrands.com, https://woahnursery.com, and www.element-brands.com with our expanded product portfolio.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Tony Torgerud 888-741-3777 x 2
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