It’s a good time to check back in on the momentum favorite for the month of May on the OTC: APPLE RUSH Co I/SH NEW (OTCMKTS: APRU). Shares of the stock have been positively on fire as an emerging play in the beverage space with designs on breaking into MJ and CBD lines. Momentum has been off the charts, with the stock posting over 1,000% in upside in just the past 6 weeks as the buzz grows.
The company’s most recent announcement hit a couple weeks ago and has helped add fuel to this violent rally. The gist of that announcement was that CEO Tony Torgerud was in Chicago recently to finalize the purchase of nearly 3 billion shares of common stock previously issued to the former CEO, Robert Corr. According to the release, “All legal documents regarding this transaction have been sent to the transfer agent so these shares can be retired and returned to the treasury. We thank Mr. Corr for his vision and sustained effort in developing the Apple Rush brand and moving it forward.”
APPLE RUSH Co I/SH NEW (OTCMKTS: APRU), through its subsidiary APRU, LLC, Alternative Products Unlimited, is a manufacturer of specialty supplements including Anhydrous Hemp Oil, Kratom, Kava, and other active ingredients.
The supplement format is its proprietary soft cold processed chew. The company markets its products through private label, white label, and through distributors in the United States and internationally. The company was founded in 1998 and is now based in Titusville, FL.
Apple Rush Company, Inc. develops, bottles, markets, distributes, and sells various beverages and snacks to wholesale and retail clients in the United States. It offers organic sparkling juice blended beverages, with apple juice as the base under the brand name Apple Rush.
The company was founded in 1998 and is based in Yorba Linda, California. Apple Rush Company, Inc. is a subsidiary of Livewire Ergogenics, Inc.
According to company materials, “Alternative Products Unlimited is a craft manufacturer of alternatively styled products manufactured in a leased plant in Titusville, Florida. We are located in a free trade zone for easy international import and export.
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Recent action has seen a bit more than 150% during the past month in terms of shareholder gains in the name. Furthermore, the company has benefitted from a jump in recent trading volume to the tune of 79% above the average volume levels in play in this stock over the longer term.
In its most recent press release, the company notes that its Corporate and Legal Teams continue to work on multiple partnerships and deals regarding the company’s beverage and alternative product lines, including CBD and MMJ product offerings.
CEO Tony Torgerud stated, “We are in an explosive growth curve and have been fielding calls daily from potential business partners. We will continue to announce share reductions as well as new business developments, possibly more this week. Soon we are launching our Company Store on Facebook and follow us on Twitter.“
Currently trading at a market capitalization of $178.4M, APRU has virtually no cash on the books, which stands against $4.9M in total current liabilities. The company is pre-revenue at this point. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $APRU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $APRU, either long or short, and we have not been compensated for this article.