Apple Rush Co., Inc. Signs Letter of Intent to Purchase Elev8 Hemp, LLC
17 October 2022 - 11:30PM
InvestorsHub NewsWire
Apple Rush Co., Inc. Signs Letter of Intent to
Purchase Elev8 Hemp, LLC
Company Plans for Name and Symbol Change
Orlando, FL -- October 17, 2022 -- InvestorsHub NewsWire
-- Apple Rush Co., Inc. (OTCPK:
APRU), a holding company that engages in the business of
developing, marketing, distributing, and selling products that
promote a healthy lifestyle with a primary focus on food, beverage,
anhydrous Hemp oil marketplace, kratom, kava, and other active
ingredients announces a signed letter of intent to purchase Elev8
Hemp, LLC from public company, Branded Legacy, Inc. (OTCPK:
BLEG).
Both companies will proceed in good faith to engage in
negotiations to agree upon and execute the Agreement encompassing
the salient points of this LOI. Both companies have agreed to
perform all necessary due diligence during the Thirty (30) business
day period following the execution of the LOI. To better fit the
Company as a whole, Apple Rush is looking to do a name and symbol
change to align with all of its current and future business. The
purchase of Elev8 Hemp, LLC is inclusive of all preprinted
packaging and intellectual property for coffees allowing for
immediate relaunch into Amazon, website, as well as brick and
mortar.
Elev8 Hemp is a wholly owned subsidiary of Branded Legacy, Inc.
that makes hemp and CBD coffees and teas. They were founded in 2016
the launch of its first hemp coffee made of Guatemalan, Colombian
and Brazilian beans. They have since grown into multiple flavors of
hemp coffee, expanded into hemp tea, and launched a CBD infused
whole bean coffee.
Tony Torgerud, CEO of Apple Rush Co., Inc. stated, "We believe
Elev8 Hemp has a strong brand that we can further develop. With our
ability to handle much of the work in house, I believe we can
really expand this coffee brand into many flavors, many CBD
dosages, non-hemp and CBD coffees, and even expand into kratom
coffee. "
Brandon Spikes, chairman of Branded Legacy, Inc., stated, "With
Apple Rush Co. now providing Delta-8 tinctures for us, the
conversation came up about Elev8 Hemp. A few weeks later and here
we are. As we have developed our CBD line through Spikes CBDX and
recent acquisitions, we feel that Apple Rush will have great
success in further development of Elev8 Hemp."
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 x 2
###
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