Welcome to our dedicated page for APPLE RUSH COMP news (Ticker: APRU), a resource for investors and traders seeking the latest updates and insights on APPLE RUSH COMP stock.
Apple Rush Company, Inc. (APRU) is a distributor of consumer packaged goods (CPG) products under the Apple Rush and Element brands. With over 50 years in the natural beverage industry, APRU is now focused on nationwide distribution of anhydrous hemp oil products. Recently, APRU acquired ACE, a plant extraction company poised for significant revenue growth, reflecting the company's commitment to shareholder value. In collaboration with Claregy LLC, APRU aims to accelerate product distribution in the organic beverage, CBD, Kratom, and hemp oil markets.
Apple Rush Company, Inc. (OTCPK:APRU) reports record-breaking financial results for Q2 2024. The company achieved its first million-dollar quarter, generating $1,046,556 in Q2 alone. Year-to-date revenues are up an impressive 14,185% compared to 2023. This significant growth is attributed to the success of APRU's operating subsidiaries in botanical extraction, brewing, co-packing, and product development.
CEO Tony Torgerud highlighted the success of their growth-by-acquisition strategy initiated in 2022. The company expects continued strong performance for the rest of the year. Lena Brewing, a subsidiary, plans to expand operations to produce 1 million cans per month over the next 12 months. APRU is also working on reducing the number of shares and will announce updates on this process soon.
Apple Rush Co., Inc. (OTC Pink: APRU) has acquired Elev8 Hemp, LLC from Branded Legacy, Inc. (OTCQB: BLEG). This acquisition aims to expand the Elev8 Hemp brand, which specializes in hemp-infused coffees and teas. Elev8, established in 2016, offers a range of flavors and has a proven distribution network. The global coffee market is projected to reach $585 billion by 2025. Apple Rush plans to leverage this acquisition to introduce new coffee variations and existing product lines to a wider customer base.
Apple Rush Co., Inc. (OTC Pink: APRU) announced plans to purchase Elev8 Hemp, LLC from Branded Legacy, Inc. (OTCQB: BLEG), aiming to enhance its product offerings in healthy lifestyle beverages. A signed letter of intent initiates negotiations, with both companies set for due diligence over the next 30 business days. The acquisition includes preprinted packaging and intellectual property for coffees, enabling immediate product relaunch across various platforms. The CEO expressed confidence in expanding the Elev8 brand, leveraging its established presence in the hemp and CBD market.
The Apple Rush Company (OTC PINK: APRU) announced its intention to acquire Lena Beverage, LLC, a craft brewing operation with licensing for various production. The acquisition, structured through cash, non-convertible debt, and APRU's preferred shares, aims to enhance production capabilities for Apple Rush products, including hard seltzer. CEO Tony Torgerud emphasizes that this move supports their seed to sale initiative and positions APRU for growth, expecting revenues near $800,000 annually. Lena Beverage's founder expressed excitement about the partnership.
The Apple Rush Company (OTC PINK: APRU) has acquired Wild Organic Ancient Horticulture (WOAH) in Spring Hill, Florida. This organic farming operation enhances APRU's capacity for its seed-to-sale hemp program. With the recent acquisition of Pursuit Hemp Farms, APRU aims to produce biomass for oils and fiber, along with hemp flower for various products including prerolls and teas. The acquisition is expected to strengthen APRU's market position and support its goal of providing high-quality hemp products.
Apple Rush Company (OTC PINK: APRU) has acquired an 80% interest in ACS Enterprises, LLC and its subsidiary Earth Lube LLC, focusing on plant-based chemicals for lubricants. ACS's products include a patented copper plating solution and a proprietary mold inhibitor aimed at the cannabis industry, expected to capitalize on the $13.5 billion market. CEO Tony Torgerud highlighted the lubricant's competitive edge against major brands like WD-40, with annual sales exceeding $500 million. The acquisition aims to expand APRU's market presence in the growing plant-based product sector.
Apple Rush Company (OTC PINK: APRU) has announced the acquisition of Pursuit Hemp Farms, a family-run operation in Illinois with 1,400 acres dedicated to high-quality hemp cultivation. This strategic move is part of APRU's goal to establish a seed-to-sale model, enhancing its hemp product offerings. CEO Tony Torgerud emphasized the expansion of farming capabilities and research opportunities through this acquisition. The partnership is expected to leverage Pursuit Hemp's extensive experience in the industry, facilitating growth and development in hemp production.
FAQ
What is the current stock price of APPLE RUSH COMP (APRU)?
What is the market cap of APPLE RUSH COMP (APRU)?
What products does Apple Rush Company, Inc. distribute?
What recent acquisition did APRU make?
Who is Claregy LLC and how are they collaborating with APRU?
What is the goal of APRU in the beverage industry?
What is the significance of APRU's partnership with Kona Gold Beverages, Inc.?
