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Yuengling's Ice Cream Corporation (OTC: YCRM) was founded in 1920 by Frank D. Yuengling to support the family brewery during Prohibition. In 1935, it became a separate entity known for making gourmet ice cream products in central Pennsylvania. After a hiatus, the brand was revived in 2014 with plans for expansion. Currently, the company is exploring a business combination with PickleJar Holdings, Inc., a Texas-based music and entertainment software company, to become a content-driven media network and live entertainment technology services provider. The recent acquisition of ReachOut Technology has further expanded Yuengling's portfolio into cybersecurity and IT services.
Yuengling’s Ice Cream Corporation (YCRM) has signed an exclusive licensing agreement with GPO Plus, Inc. (GPOX) to develop a new line of CBD and hemp-derived products inspired by Yuengling’s iconic ice cream flavors. The relaunch of Yuengling’s Ice Cream is planned for spring 2023. Incoming CEO Chuck Green highlighted the partnership with GPOX as a step to leverage the brand effectively, ensuring quality products. GPOX focuses on premium hemp-derived products and aims to establish sales channels complementing Yuengling’s legacy brand.
Yuengling’s Ice Cream Corporation (OTC PINK: YCRM) announced a leadership change via a signed Letter of Intent. Charles Green will take over as President and CEO, replacing Robert C. Bohorad, who becomes COO and CFO. Both will receive a combined 25% equity carry, increasing with certain milestones. Green brings over 40 years of experience in the ice cream industry, notably with Ben & Jerry's. The company aims to expedite its product relaunch and explore potential acquisitions or licensing deals. A Definitive Agreement is expected within 45 days.
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