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Apple Rush Company, Inc. announces signing of LOI to acquire Lena Brewing providing a critical piece of our seed to sale initiative
Apple Rush Company, Inc. announces signing of LOI to acquire Lena Brewing providing a critical piece of our seed to sale initiative.
About this update from Apple Rush Co., Inc.
[{"type":"text","content":"\n\n\n\nApple Rush Company, Inc. announces signing of LOI to acquire Lena Brewing providing a critical piece of our seed to sale initiative\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nApple Rush Company, Inc. announces signing of LOI to acquire Lena Brewing providing a critical piece of our seed to sale initiative\nPR Newswire\nTITUSVILLE, Fla., June 2, 2022\n\n\n\nTITUSVILLE, 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.\"\nApple 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.\"\n\"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.\nAbout The Apple Rush Company, Inc. \nThe Apple...