Wild Organic Ancient Horticulture (WOAH) in Spring Hill Florida, has been acquired by The Apple Rush Company Inc. (OTCMKTS: APRU). The former is an organic, no-till farming operation that provides the flower growing operation necessary for Apple Rush Company’s seed to sale hemp program.
Market Reaction
On Monday, APRU stock ended flat at $0.0019 with more than 2.97 million shares, compared to its average volume of 1.37 million shares. The stock moved within a range of $0.0018 – 0.0023 after opening trade at $0.0019.
Apple Rush Company, Inc. announces the acquisition of Wild Organic Ancient Horticulture Hemp Nursery, a boutique grower of Organic Hemp Flower
With the acquisition of Pursuit Hemp Farms, APRU can now focus on growing biomass for oils and fiber, and utilize WOAH for growing flower for prerolls, moonrocks, teas, and other finished goods. With a team of dedicated farmers growing hemp, APRU will provide incredible growth opportunities in future.
Tony Torgerud, CEO of Apple Rush, commented that the acquisition puts them in touch with farmers who are passionate about growing the best products in the industry. Co-founders of WOAH, Michael Hogeland and Nathan Brazeau, have over 10 years of experience in the medical marijuana and hemp growth in Colorado and Florida respectively, putting APRU in an excellent position as a premier provider of high-end hemp products.
Michael Hogeland and Nathan Brazeau, co-founders WOAH, are thrilled about joining forces with APRU and taking sustainable horticulture to a whole other level. Growing sustainable hemp that revitalizes soils and puts balanced nutrition into the ground, and it is an amazing chance to give back to Mother Earth.
Key Quote
Michael Hogeland, co-founder WOAH, stated, “We have a passion for sustainable horticulture, and as one of the first licensed hemp cultivators in the state of Florida and a Fresh from Florida certified nursery, our intentions are to make it possible for the ordinary person to experience the healing and life changing effects of our wild, organic, ancient knowledge and plant based products in the same way it has for our friends and family. We are striving to reshape Florida’s mindset on hemp, bringing positive benefits throughout this sunshine state and are filled with excitement to join forces with APRU!”
Traders Review
APRU stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0019 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0032.
