Business
Apple Rush Company, Inc. Unveils Bold Plan: Anticipates Reducing Up to 3 Billion Shares and Bolstering Shareholder Value
Apple Rush Company, Inc. Unveils Bold Plan: Anticipates Reducing Up to 3 Billion Shares and Bolstering Shareholder Value.
About this update from Apple Rush Co., Inc.
[{"type":"text","content":"\n\n\n\nApple Rush Company, Inc. Unveils Bold Plan: Anticipates Reducing Up to 3 Billion Shares and Bolstering Shareholder Value\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. Unveils Bold Plan: Anticipates Reducing Up to 3 Billion Shares and Bolstering Shareholder Value\nPR Newswire\nORLANDO, Fla., Feb. 9, 2024\n\n\n\nCompany Acquires ACE, Adding Estimated $3.5 Million in Revenue for 2024\nORLANDO, Fla., Feb. 9, 2024 /PRNewswire/ -- Apple Rush Company, Inc. (OTC PINK: APRU) proudly announces strategic move to reduce up to 3 billion shares from its issued and outstanding common shares. This proactive step reflects the company's unwavering commitment to enhancing shareholder value and marks a pivotal moment in its ongoing restructuring efforts. Just last month, the company announced it had reduced its authorized common shares by over 39 Billion, further solidifying its dedication to optimizing shareholder returns.\n\nIn recent news, Apple Rush Company, Inc. announced the acquisition of ACE (Alkhemical Roots CE), formerly Mo Botanicals, a pioneering force in the Plant Extraction space. In this groundbreaking agreement, APRU has solidified its standing as an industry leader, with Senior Staff & Management seamlessly integrating into the visionary future of the company.\nACE's R&D team, coupled with the company's culture boasting over 30 years of experience in plant medicine, is renowned for its cutting-edge extraction technology. This expertise has fueled remarkable financial growth, with ACE reporting $900k in revenue in 2022 and an impressive $1.6 million in 2023. With a projected revenue exceeding $3.5 million for 2024, ACE is poised for a substantial fourfold increase in production capacity, further amplifying its significance within the industry.\nTony Torgerud, CEO of APRU, expressed his confidence in this venture, stating, \"It is just this type of growth and potential that assured me that ACE was the right company for APRU to become involved with in this acquisition.\"\nTorgerud concluded, \"This incredible accomplishment playe...