grantastic
5 days ago
It might be impossible to make sense of the question you're asking.
According to Tony & Ross's press release:
Apple Rush Company, Inc. [..] is excited to announce the finalization of the acquisition through an asset purchase of Lena Brewing.
The key term here is "asset purchase": that means 1 entity sells its assets (generally the operational assets, i.e., equipment, trademarks, supplies) to another entity. There are 2 corporations associated with this business:
- LENA BEVERAGE COMPANY - formed in 2012
- LENA BEVERAGE HOLDINGS, LLC - formed in 2024
This means Tony & Ross are telling us that APRU didn't actually buy either of those corporations, but instead, purchased assets from 1 or 2 of these corporations. So which assets were purchased, and from which corp(s) were they purchased?
Then there's the matter of contracts & licenses: e.g., if Lena Brewing is leasing the building, then the landlord must agree to assign the lease to APRU. The liquor board must agree to let the new owner assume the liquor license. New supplier contracts will have to be signed, etc. etc.
And how does this relate to Tony claiming for years that a corporation which doesn't even exist (Lena Brewing Company, LLC) is a subsidiary of APRU?
The transaction has several layers and each of the partners was paid in full,
Neither of those 2 corporations are partnerships, so they have "shareholders" not "partners". It's a weird term to use and weirder for APRU to discuss the internal distribution events of an unrelated entity. It looks like Tony & Ross felt the need to reassure someone that the Lena's investors are being taken care of.
There are now two operating companies for Lena Brewing.
Which 2 companies? We know of 4: APRU itself, the 2 "Lena" corps that actually exist, and the "Lena Brewing Company, LLC" which doesn't exist but keeps getting published in APRU's disclosures.
Maybe Tony can let us know how much of LENA APRU owns?