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Apple Rush Company, Inc. announces the acquisition of Wild Organic Ancient Horticulture Hemp Nursery, a boutique grower of Organic Hemp Flower

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary

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.

Positive
  • Acquisition of WOAH enhances APRU's seed-to-sale hemp program.
  • Strengthened market position with expanded product offerings.
  • Potential to produce a variety of hemp products including oils, fibers, and teas.
Negative
  • None.

TITUSVILLE, Fla., May 2, 2022 /PRNewswire/ -- The Apple Rush Company, Inc. (OTC PINK: APRU) (the "company") has acquired Wild Organic Ancient Horticulture (WOAH) in Spring Hill Florida.  WOAH is an organic no till farming operation that brings APRU the flower growing operation necessary for our seed to sale hemp program. Together with our Pursuit Hemp Farms acquisition, we can now execute growing biomass for oils and fiber, and utilize WHOA for growing flower for prerolls, moonrocks, teas, and other finished goods we are developing. Tony Torgerud, CEO of Apple Rush, stated, "This acquisition provides us with organic farmers who have a passion to grow the best products in the industry.  Michael and Nathan's passion for hemp is amazing and with almost ten years of experience in the medical marijuana growth in Colorado and hemp here in Florida, we are positioned to be the premier provider of high-end hemp products."

APRU, with a complete team of professional farmers growing hemp, will deliver excellent growth opportunities for us in the future.

Michael Hogeland, co-founder WOAH, stated, "We have a passion for sustainable horticulture, and as one of the first licensed hemp cultivators in the state of Florida and a Fresh from Florida certified nursery, our intentions are to make it possible for the ordinary person to experience the healing and life changing effects of our wild, organic, ancient knowledge and plant based products in the same way it has for our friends and family. We are striving to reshape Florida's mindset on hemp, bringing positive benefits throughout this sunshine state and are filled with excitement to join forces with APRU!"

Nathan Brazeau, co-founder WOAH, commented, "I have an unquenchable passion for permanent agriculture using proven methods for overall crop quality and yield.  We strive to find the balance between sustainability and reality.  Teaming up with APRU is an exciting step for us all over here on the Nature Coast! The potential to maneuver into the recreational cannabis space with Tony and the APRU distribution facility allows us to expand beyond just Florida in the future.  Let's grow together!"

Growing sustainable hemp that revitalizes soils and puts balanced nutrition into the ground provides APRU a unique opportunity to help the earth.  "APRU, with a complete team of professional farmers growing hemp, 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.  We will be announcing several new products and packaging soon, utilizing our own raw materials," continued Tony.

About The Apple Rush Company, Inc. 

The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element Brands and other labels. The Apple Rush brand has almost 49 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.applerush.com, www.aprubrands.com, https://woahnursery.com, and www.element-brands.com  with our expanded product portfolio.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:
Tony Torgerud 888-741-3777

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SOURCE Apple Rush Co., Inc.

FAQ

What is the significance of Apple Rush's acquisition of WOAH?

The acquisition of Wild Organic Ancient Horticulture (WOAH) provides Apple Rush with an enhanced seed-to-sale hemp program, allowing for greater production capacity and product diversity.

How will the WOAH acquisition impact Apple Rush's product offerings?

The integration of WOAH will enable Apple Rush to produce a range of hemp products, including oils, flower for prerolls, and teas, thereby expanding its market reach.

What types of products will Apple Rush develop after acquiring WOAH?

Apple Rush plans to develop a variety of products such as prerolls, moonrocks, and teas, utilizing the hemp flower grown by WOAH.

When was the acquisition of WOAH by Apple Rush announced?

The acquisition was announced on May 2, 2022.

What is the stock symbol for Apple Rush?

The stock symbol for Apple Rush is APRU.

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United States of America
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