Apple Rush Company Inc (APRU)

[hedge_fun]

APRU hasn’t acquired Lena yet. They have…..

paid the founders, but still need to be approved to assume responsibility for a note by Lena’s lender, and will then seek government approval for transfer of ownership (liquor licenses).

The $755K is most likely in escrow until transfer of ownership is completed.

That likely won’t happen before February since they still have some corporate issues to resolve.

Hopefully Tony can get it done.

GL

On December 18, 2023, the Apple Rush Company, Inc. transferred by wire the $255,000 balance to Lena Brewing, Inc. (“Lena Brewing”) to pay off outstanding promissory notes to various founders of Lena Brewing. This payment is the final payment after the initial $500,000 payment wired in October 2023. APRU and Lena Brewing will be working with Lena’s lenders for transfer of responsibility of outstanding loan covenants and guarantees to APRU and upon lender approval and transfer, APRU and Lena Brewing will file required paperwork with governmental agencies to transfer ownership of Lena Brewing to Apple Rush Company, Inc. as a wholly owned subsidiary.

https://www.otcmarkets.com/otcapi/company/dns/news/document/71675/content