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Branded Legacy, Inc. Signs Letter of Intent to Sell Elev8 Hemp to Apple Rush Co., Inc.
Branded Legacy, Inc. Signs Letter of Intent to Sell Elev8 Hemp to Apple Rush Co., Inc..
About this update from Apple Rush Co., Inc.
[{"type":"text","content":"\n Orlando, FL, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of cannabinoid-infused products from CBD topicals and tinctures to edibles is pleased to announce it has signed a letter of intent to sell Elev8 Hemp, LLC to Apple Rush Co., Inc. (OTC Pink: APRU).  Both companies will proceed in good faith to engage in negotiations to agree upon and execute the agreement encompassing the salient points of this LOI.  Both companies have agreed to perform all necessary due diligence during the Thirty (30) business day period following the execution of the LOI.  Elev8 Hemp is a wholly owned subsidiary of Branded Legacy, Inc. that makes hemp and CBD coffees and teas. They were founded in 2016 the launch of its first hemp coffee made of Guatemalan, Colombian and Brazilian beans. They have since grown into multiple flavors of hemp coffee, expanded into hemp tea, and launched a CBD infused whole bean coffee. As part of the transaction, Branded Legacy shareholders will be receiving a dividend from the shares of Apple Rush Co., Inc. (OTC Pink: APRU) used to purchase Elev8 Hemp, LLC.  Tony Torgerud, CEO of Apple Rush Co., Inc. stated, “We believe Elev8 Hemp has a strong brand that we can further develop. With our ability to handle much of the work in house, I believe we can really expand this coffee brand into many flavors, many CBD dosages, non hemp and CBD coffees, and even expand into kratom coffee.”  Brandon Spikes, chairman of Branded Legacy, Inc., stated, “With Apple Rush Co. now providing Delta-8 tinctures for us, the conversation came up about Elev8 Hemp. A few weeks later and here we are. As we have developed our CBD line through Spikes CBDX and recent acquisitions, we feel that Apple Rush will have great success in further development of Elev8 Hemp.” Previously the Company put out a press release that it will be holding an open house on Friday October 21, 2022, from 10:00 am to 12:00 pm. The open house will be held at its newly acquired hemp farm, Alpha Growers, LLC. The address is 14260 W Newberry Rd #122, Newberry, FL 32669. All current and future shareholders are welcome to attend.  About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better and recover fa...