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Friday, January 27, 2023

Yuenglings Ice Cream Corp (OTCMKTS: YCRM) Breaking Out Over a Penny After Iconic Ice Cream Brand Yuenglings Goes Public Via Reverse Merger

Yuenglings Ice Cream Corp (OTCMKTS: YCRM) is making an explosive move up the charts after the Company announced it has signed an exclusive licensing agreement with GPO Plus, Inc. (OTCQB: GPOX). GPOX will develop a full line of CBD and other hemp derived cannabinoid products based on the iconic flavors of Yuengling’s Ice Cream. Yuenglings Ice Cream recently went public via a reverse merger. With the name and ticker symbol change now completed the stock is getting noticed by speculators as it moves steadily northbound since reversing off $0.0061 lows. 

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to inventors and we have covered many on the website that have gone from pennies to dollars. YCRM was a perfect RM candidate with just over $1.7 in total liabilities and a clean shell that is an SEC filer and fully reporting. The Yuenglings Ice Cream brand was famous in the past and YCRM is bringing on seasoned ice-cream executive and former Ben & Jerry’s vice President Charles Green who was instrumental in the Company’s international expansion and eventual sale to Unilever as CEO.  

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Yuenglings Ice Cream Corp (OTCMKTS: YCRM) was founded by American businessman Frank D. Yuengling in 1920 to help support the family brewery during Prohibition, which lasted from January, 1920 to December, 1933. Spun off as a separate company from the brewery in 1935, Yuengling’s maintained a strong tradition of making exceptional gourmet ice cream products in central Pennsylvania. The fan-favorite brand advanced its legacy and its renowned dairy quality by using locally sourced dairy ingredients that contain no added hormones. The company discontinued production in 1985 when no family successor emerged. In 2014, the brand was revived and an American classic was re-born. The Yuengling’s Ice Cream Corporation, as it has been since 1935, is a separately owned and operated company from D. G. Yuengling & Son, Inc Brewery. After a corporate reorganization in 2022, the company is targeting the relaunch of its storied ice cream flavors in the spring/summer of 2023. 

Yuenglings Ice Cream went public via a reverse merger with Aureus, Inc and completed the name and ticker symbol change. In October the current CEO Robert C. Bohorad signed an LOI with Charles Green, whereas upon the signing of the Definitive Agreement, Bohorad will resign as President and CEO and become the COO and CFO. Green will become the new President, CEO, and a director. As part of the transaction, Green and Bohorad will receive a combined 25% of the equity carry, which will increase upon reaching certain milestones.  

The incoming CEO Charles Green serves as the Managing Partner of the consulting firm, Desmond Partners. Green has 40+ years in the ice cream, logistics, and consumer packaged goods (CPG) industries.  He initially started in ice cream with his cousin and grew their business into the largest independent distributor in the country. Green partnered with Ben & Jerry to become their first distributor outside of Vermont and also became their Director of Sales. He directed the nation-wide expansion and eventual international expansion in countries such as the UK, Israel and Japan and helped negotiate the sale of Ben & Jerry to Unilever where he stated on as Sr. Vice President and Executive Board Member for Unilever Ice Cream until his retirement. Mr Green has also worked with ice-cream brands including CEO of Brigham Ice Cream, CEO of Traders Point Creamery, Co-General Manager at Weetabix NA cereal products, CEO Backyard Farms indoor greenhouse, COO of Bongiovi Pasta Sauce, and CEO of Steve’s Ice Cream.  

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On December 12 YCRM announced it has signed an exclusive licensing agreement with GPO Plus, Inc. (OTCQB: GPOX). GPOX will develop a full line of CBD and other hemp derived cannabinoid products based on the iconic flavors of Yuengling’s Ice Cream. 

“We are very excited to be working with GPOX”, said Chuck Green, Yuengling’s incoming President and CEO. “As we plan for the relaunch of Yuengling’s Ice Cream in the spring of 2023, we have been thinking of different ways to leverage the Yuengling’s brand. A licensing agreement must be with a quality organization with great products. GPOX fits both those criteria.”

Robert Bohorad, Yuengling’s current President and CEO and soon to be COO and CFO, followed up, “While I got the process started, Chuck has been instrumental in advancing discussions with YIC – Online and Retail Distributors and GPOX and getting the agreement signed.” 

In the nutraceutical, hemp derived products and Farm Bill Compliant Delta 8, 9 and 10, THC-o, THC-p, THC-x, THC-b, and other popular hemp derived cannabinoids including HHC, and Kratom segments, GPOX’s DISTRO+ division represents only the highest quality brands that use best in class ingredients. Additional details regarding products, flavors, launch date and where the product will be sold will be provided in a subsequent press release.

Brett H. Pojunis, CEO of GPOX added, “I grew up in New York, where Yuengling’s is a household name and a very popular brand throughout the Northeast.  I am beyond excited to partner with the Yuengling’s Ice Cream family and be tasked to develop the new CBD and Cannabinoid products for such a storied, well known legacy brand. We’re extremely excited about building out the sales channels, based on our complimentary geographic reach, and developing this new suite of products based on the Yuengling’s Ice Cream flavor profiles!”

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Currently trading at a sub $1 million market valuation YCRM is an SEC filer and fully reporting “Pink current” and a low float with OS at 15,559,365 shares. YCRM is an exciting story developing in small caps. The Yuenglings Ice Cream brand was famous in the past and YCRM is bringing on seasoned ice-cream executive and former Ben & Jerry’s vice President Charles Green who was instrumental in the Company’s international expansion and eventual sale to Unilever as its new CEO to lead the Company’s comeback as a major global ice cream brand. YCRM is up big after the Company announced it has signed an exclusive licensing agreement with GPO Plus, Inc. (OTCQB: GPOX). GPOX will develop a full line of CBD and other hemp derived cannabinoid products based on the iconic flavors of Yuengling’s Ice Cream. GPOX was one of the biggest runners of October skyrocketing rom $0.12 to a high of $2.09 per share.  We will be updating on YCRM when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in YCRM either long or short and we have not been compensated for this article.

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