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Yuengling's Ice Cream Corporation (OTC PINK: ARSN) has announced a Definitive Agreement to acquire Revolution Desserts, LLC. This acquisition includes brands such as Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery. While the acquisition process began with a Letter of Intent on April 20, 2022, it is still subject to SEC approval of Yuengling's Reg 1-A. The management team from Revolution will stay post-acquisition. CEO Rob Bohorad expressed optimism about moving forward, despite ongoing SEC discussions. The timing for closing remains undetermined.
Yuengling's Ice Cream Corporation (OTC PINK: ARSN) has signed a binding Letter of Intent to acquire Revolution Desserts, LLC. Revolution holds brands like Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery. Gelato Fiasco is available in over 600 locations, while Sweet Scoops is sold in major retailers like Whole Foods. Art Cream and SoCo Creamery also enjoy notable distribution. This acquisition aims to diversify and enhance Yuengling's brand portfolio.
Yuengling’s Ice Cream Corporation (OTC PINK: ARSN) announces the hiring of Charles Green and his consulting firm, Desmond Partners, to aid in the company’s strategic relaunch. Green, known for his significant role in the growth of Ben & Jerry’s, will assist in the acquisition of a production facility and explore further business opportunities. The collaboration aims to develop a unique identity for Yuengling’s Ice Cream, leveraging Green's extensive industry experience while working alongside President and CEO Rob Bohorad.
Yuengling’s Ice Cream Corporation (OTC PINK: ARSN) has signed a Letter of Intent (LOI) to acquire an ice cream production facility, with the transaction expected to close by March 2022. While the counterparty remains confidential, Yuengling’s officials express excitement over the acquisition, which aims to boost production capabilities not only for their products but also for other brands. This move addresses the limited availability of ice cream production nationally, ensuring a reliable product supply. Further details are anticipated in the coming weeks.
Yuengling’s Ice Cream Corporation (OTC PINK: ARSN) recently announced strategic developments through a message from new President and CEO, Robert Bohorad. Following a challenging period since the acquisition in June 2019, the company is focusing on stability and growth. Key updates include a licensing agreement for Midwest distribution, plans to manufacture a complementary product, and discussions to acquire a production facility. Bohorad emphasizes the commitment to enhance transparency and shareholder value while navigating market fluctuations.
Aureus, Inc. (ARSN) has announced its expansion into the food sector with the launch of Aureus Micro Markets in the Atlanta area. The Company aims to establish 30 locations by year-end and reported strong sales exceeding projections. CEO Everett Dickson expressed optimism about achieving their goals, bolstered by effective marketing strategies and partnerships. Aureus also owns the Yuengling's Ice Cream brand, which emphasizes high-quality ingredients and a premium product. The Company is focused on consolidating factors for success, benefiting both shareholders and consumers.
Aureus (ARSN) is expanding into the food sector by launching Aureus Micro Markets in metro Atlanta. Recent marketing initiatives include direct mail, telemarketing, Google Ads, and hiring outside sales personnel, resulting in three new locations secured. The company aims to deploy its first ten units by the end of November. Aureus owns the Yuengling's Ice Cream brand, known for its super-premium ice cream products that use high-quality, locally sourced ingredients. The company's strategy focuses on enhancing the success of Yuengling's and generating shareholder value.
Aureus Incorporated (OTC PINK: ARSN) announced it has received the initial equipment order for its first 10 Micro Markets in Atlanta, set to generate revenue within 15 days. The company targets up to 30 locations by year-end, aiming for a gross profit margin of 56% with average monthly sales of $4,000 to $8,000 per site. These Micro Markets offer a diverse product selection and utilize a proprietary payment system, enhancing customer convenience. Additionally, Aureus is focusing on expanding its Yuengling's Ice Cream brand, seeking greater retail distribution in early 2021.
Aureus, Inc. (OTC PINK:ARSN) announced a significant shareholder update focusing on its Micro Markets rollout and the Yuengling's Ice Cream brand expansion. The company aims to establish over 30 Micro Markets by year-end 2020, leveraging a high-growth sector to boost revenues. The initial 20 locations will be installed in Atlanta, projecting a 56% gross profit margin. Furthermore, Yuengling's Ice Cream brand is expanding online and in new retail locations despite pandemic-related delays. Aureus is also focused on retiring debt and enhancing compliance with OTC regulations.
Aureus, Inc. (ARSN) announced its expansion into the food sector by acquiring a multi-unit tranche of Micro Markets from Healthy SmartMarts. This move is projected to lead to over 30 locations in metro Atlanta by year-end. Micro Markets offer flexibility in product offerings with lower capital expenditures, enhancing customer convenience through app-based payments. The company aims to capitalize on the growth of this market segment, which is expected to grow from 23,600 to over 39,000 locations in the US by 2022, representing substantial sales potential.
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