Curated News
By: NewsRamp Editorial Staff
May 14, 2024
Apple Rush Company, Inc. Clears Final Details of Brand Ownership with Corr Brands
TLDR
- Apple Rush has secured the rights and trademarks of Corr Brands, Inc., gaining a competitive edge in the functional beverage industry.
- The agreement involves the transfer of trademarks, a historical closing, and the filing of required paperwork for transference and updates.
- The deal solidifies the future of the Rush family of brands, enhancing shareholder value and setting the stage for reformulations and relaunches.
- The agreement marks a significant milestone for Apple Rush, paving the way for new product introductions and international distribution opportunities.
Impact - Why it Matters
The news highlights the strategic move by Apple Rush to secure brand ownership and trademarks, setting the stage for product reformulations and relaunches. This development also signifies the company's intention to expand into the distribution of hemp oil products, potentially impacting the natural beverage industry and offering new opportunities for shareholders.
Summary
Apple Rush Company, Inc. has finalized the details of brand ownership with Bob Corr and Corr Brands, Inc. CEO Tony Torgerud negotiated the rights and trademarks of Corr Brands, Inc., with Bob Corr forgoing royalties. This agreement secures the future of the 'Rush' family of brands, with plans for reformulations and relaunches. Apple Rush has also acquired the IP without paying the $5,000 per state license, benefiting stockholders. The company aims to become a leader in the distribution of anhydrous hemp oil products nationwide.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Apple Rush Company, Inc. Clears Final Details of Brand Ownership with Corr Brands
