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Corporation
CONSUMER PRODUCTS & SERVICES
rushnetinc.com

Partners & Customers

1

About Rushnet

Rushnet (OTC:RSHN) is a beverage and CBD products seller.

Headquarters Location

1001 Grand Ave Suite 207

Glenwood Springs, Colorado, 81602,

United States

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Latest Rushnet News

RushNet restructures debt, says investment partners "confident" in heliosDX

Mar 23, 2023

RushNet ( OTCPK:RSHN ) said Thursday the company reached an agreement to restructure its debt as it continues to work with the SEC and FINRA. In March of 2022, the company reached an agreement with its investment partners to defer payments until March 31, 2023. The amendment to the original debt liability allowed its unit heliosDX to defer payment until March 31, 2023, at an interest rate of 2% above prime on the monthly payment, and not the sum of the overall balance. The new amendment to the aforementioned debt structure of 2022 will resume payments to our investment partners at a rate of 3% of monthly gross revenues. The company said its investment partners have also agreed to adjust the interest rate of the loan back to the original interest rate of 1%. Additionally, the company continues to seek reparations from Wellmed, a subsidiary of United Healthcare.

Rushnet Acquisitions

4 Acquisitions

Rushnet acquired 4 companies. Their latest acquisition was Grandeza Healthcare on August 23, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/23/2021

$99M

Acquired

1

7/1/2021

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$99M

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10

11/7/2018

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$99M

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10

10/4/2018

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$99M

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10

Date

8/23/2021

7/1/2021

11/7/2018

10/4/2018

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

10

Rushnet Partners & Customers

1 Partners and customers

Rushnet has 1 strategic partners and customers. Rushnet recently partnered with XYZ Hemp on January 1, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

1/24/2019

Partner

United States

RushNet, Inc. (RSHN) And XYZ Hemp, Inc. (GRPS) Provide Annual Update Concerning Progress and Their Future

About the joint venture between XYZ and RushNet , Inc. : This joint venture is a unique effort to secure all areas of hemp production from cultivation to extraction and retail with an emphasis on unique products and high-quality CBD .

1

Date

1/24/2019

Type

Partner

Business Partner

Country

United States

News Snippet

RushNet, Inc. (RSHN) And XYZ Hemp, Inc. (GRPS) Provide Annual Update Concerning Progress and Their Future

About the joint venture between XYZ and RushNet , Inc. : This joint venture is a unique effort to secure all areas of hemp production from cultivation to extraction and retail with an emphasis on unique products and high-quality CBD .

Sources

1

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