Apple Rush Co., Inc. Completes Acquisition of
Elev8 Hemp, LLC
Orlando, FL -- October 26, 2022 -- InvestorsHub
NewsWire -- Apple Rush Co., Inc. (OTC
Pink: 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 it has purchased Elev8 Hemp, LLC from public
company, Branded Legacy, Inc. (OTCPK:
BLEG).
Elev8 Hemp is an established brand with existing distribution in
brick-and-mortar locations. The Company plans to expand the Elev8
Hemp brand with multiple new coffee variations as well as utilizing
this new customer base as an avenue to introduce some of Apple Rush
Co., Inc.’s existing product lines.
The largest market for hot drinks is coffee, which is predicted
to reach US $585 billion in worldwide revenues at home and abroad
by 2025, partly due to the continuous rise of specialty coffees in
the food service industry.
It has been seen over the past few years that consumers are
becoming more conscious of the manufacture of the things they
purchase and the origin of their purchases. This is true,
particularly when it comes to the supply chain for goods like
coffee that are used in food and beverages. To assure the
legitimacy of their coffee purchases, buyers are therefore keenly
searching for certified coffee goods. https://www.mordorintelligence.com/industry-reports/coffee-market
Elev8 Hemp, LLC, now a wholly owned subsidiary of Apple Rush
Co., Inc., produces Hemp-infused coffees and teas. They were
established in 2016 and introduced their first hemp coffee brewed
with beans from Guatemala, Colombia, and Brazil. Since then, they
have developed into a variety of hemp coffee flavors, added hemp
tea, and introduced a whole bean coffee with CBD.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We
are really excited about the sale of Elev8 and believe that this
might be an excellent chance for our shareholders to become
invested in two outstanding companies. By strategically spinning
off assets that are not our primary focus, we are able to grow the
business successfully for the benefit of our shareholders.”
Tony Torgerud, CEO of Apple Rush Co., Inc. stated, “I remember
this brand from about five or six years ago and thought it was a
very unique brand with much potential. They were in multiple
supermarkets with Apple Rush. I'm eager to include it in our
portfolio. In my opinion, I believe we can significantly grow this
coffee line and have it further penetrating the market in a short
period of time. It has historically done over 30k a month on
Amazon and with consumers spending more now than ever online, we
feel this number will be exceeded in the near future. We also
see Elev8 having more CBD coffees, Delta 8, HHC, or other active
ingredients and even expanding into kratom coffee.”
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 50
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 ,
www.elev8hemp.com with our
expanded product portfolio.
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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
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opportunities, plans and objectives of management for future
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involve risks, uncertainties and contingencies, many of which are
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future events or otherwise.
Investor Relations Contact:
Tony Torgerud 888-741-3777 x 2
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