Business
EQS-News: Apple Rush Company, Inc. Announces Finalization of Acquisition of Lena Brewery
EQS-News: Apple Rush Company, Inc. Announces Finalization of Acquisition of Lena Brewery.
About this update from Apple Rush Co., Inc.
[{"type":"text","content":"\n\n\n\n\t\n\n\n\n\n\n\n\n\n\nEQS-News: APRU, LLC\n\n\n / Key word(s): Manufacturing\n\n\n\n\n\nApple Rush Company, Inc. Announces Finalization of Acquisition of Lena Brewery 21.01.2025 / 15:35 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\n Brewing and Tap Room Operations Will Continue to be Managed by Ross Vehmeier as President of the Operating Companies \nORLANDO, FL - January 21, 2025 (NEWMEDIAWIRE) - Apple Rush Company, Inc. (OTC Pink:APRU), a leading supplier in the functional botanical beverage industry, is excited to announce the finalization of the acquisition through an asset purchase of Lena Brewing. The transaction has several layers and each of the partners was paid in full, with the exception of Ross Vehmeier, who will be staying in the ownership group for regulatory and operational consistency. There are now two operating companies for Lena Brewing. One of the companies exists for regulatory compliance and a separate company will be for the botanical beverages. These subsidiaries manufacture and sell beverages separated by category for potential regulatory efficiency. Ross Vehmeier, President of the brewing companies, stated, \"We are extremely happy to conclude this with Apple Rush. It enables us to operate under a public entity, and my responsibility is to handle the operational side and deal with any and all regulatory concerns along with remaining the face of Lena Brewing.” \nThe Company will be announcing the finalization of the expansion of the canning operation and the vertical integration of extraction and production of plant alkaloids in the first quarter. Tony Torgerud, CEO of Apple Rush, said, \"It has been a long time coming, but through some creative thinking and execution, we were able to structure a deal that works for everyone involved. Our shareholders can be proud of what we are building, and with some support, our share price will reflect our successes. I will be spending a couple of weeks a month in Illinois, and I look forward to visiting with anyone who wants to come through and visit. Ross is a large part of the success of the operations and is part of the succession plan moving forward. Our revenue from the second quarter moving forward will show prodigious increases that we could not have imagined without the achievement of this tremendous milesto...