Yuengling's Ice Cream Corp (YCRM)

[Louied91]

$ARSN Yuengling's Ice Cream Signs Letter of Intent for the Acquisition of an Ice Cream Production Facility

https://www.globenewswire.com/news-release/2022/01/26/2373450/0/en/Yuengling-s-Ice-Cream-Signs-Letter-of-Intent-for-the-Acquisition-of-an-Ice-Cream-Production-Facility.html

ATLANTA, GA, Jan. 26, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Yuengling’s Ice Cream Corporation (“Yuengling’s”) (OTC PINK: ARSN) is pleased to announce that it has signed a Letter of Intent (LOI) for the acquisition of an ice cream production facility.

The counterparty to the sale has requested that its name remain confidential for the moment. Both parties expect the transaction to close by the end of March 2022. Additional details of the deal will be released in the next few weeks.

“While specific details are not yet being made available, we are very excited about the acquisition as it will not only allow the company to produce Yuengling’s ice cream but also ice cream for other brands,” commented Rob Bohorad, Yuengling’s President and CEO. “In addition, with ice cream production availability limited across the country, this facility will help ensure a reliable supply of products. Finally, we are continuing to work diligently on this and several other initiatives and plan to provide additional updates in the very near future.”