Welcome to our dedicated page for Labor Smart news (Ticker: LTNC), a resource for investors and traders seeking the latest updates and insights on Labor Smart stock.
Kultura Brands Inc. (LTNC), formerly Labor Smart Inc., reports company news around its consumer beverage and lifestyle brand platform. Recurring updates cover Adios Spirits in the premium ready-to-drink category, Thirst Responder hydrogen water and functional hydration products, and LOCK'DIN as a performance fuel brand.
Company announcements also focus on market-by-market distribution expansion, retail and pharmacy channel activation, direct-to-consumer sales, sports and festival marketing partnerships, and operational execution across beverage launches. Capital-related updates include share-structure commentary, legacy obligations, and board-approved infrastructure for potential investment activities.
Labor Smart, Inc. (OTC PINK:LTNC) has launched a premium artesian water through its subsidiary, Next Gen Beverages The product, branded as Lock'dIn Artesian water, boasts a naturally occurring high pH of 8.2, offering alkaline water benefits without additional processing. Mike Araghi, President of Next Gen Beverages, emphasized the extensive sourcing and testing process to deliver 'the best artesian water in the world'.
Key features of the artesian water include purity, natural filtration, unique mineral content, consistent quality, and low environmental impact. LTNC CEO Tom Zarro praised the team's achievement, describing the water as 'truly the finest' he's ever tasted. The product is now available for preorder at lockdin.com.
Labor Smart, Inc. (OTC PINK:LTNC) has launched a new subsidiary, Elevate Health and Wellness Nutritionals, in partnership with Elevate Health and Wellness This new venture will focus on direct-to-consumer distribution of vitamins and supplements, initially targeting patients using GLP-1 weight loss medications like Semaglutide and Terzepatide.
Joseph Curshen, CEO of Elevate, will lead this division, bringing his experience in scaling direct-to-consumer wellness brands. His track record includes acquiring over 30,000 new patients and building a 13,000+ patient brand in just nine months. The new product line, set to launch this fall, aims to support individuals on medical weight loss programs by offsetting side effects and improving results.
This marks LTNC's fourth wholly owned subsidiary, joining Next Gen Beverages, Illumination Holdings, and Next Gen Holdings, contributing to the company's diversified portfolio.
Labor Smart (LTNC) has announced a strategic partnership between Legacy Distribution and Next Gen Beverages to distribute LOCKD'IN products. Legacy Distribution, a subsidiary of Illumination Holdings, serves approximately 5,000 locations across Colorado, Wyoming, and parts of South Dakota, including major retailers like Walmart and Target.
LOCKD'IN is committed to producing beverages with natural ingredients and essential nutrients, avoiding artificial additives. Mike Araghi, President of Next Gen Beverages, projects annual sales of $4 to $7 million starting in November, exclusively from Legacy's distribution center serving Colorado, South Dakota, and Wyoming.
Labor Smart, Inc. (OTC PINK:LTNC) has successfully acquired Illumination Holdings, Inc., marking a significant expansion in the beverage and snack industry. The acquisition, closed on August 13, 2024, integrates Illumination Holdings' extensive distribution network spanning over 5,000 retail locations across Colorado, Southern Wyoming, and South Dakota. This move is projected to increase LTNC's consolidated revenues by more than $25 million annually.
Key highlights include enhanced distribution through Legacy Distribution Group, a robust brand portfolio with exclusive distribution rights, and access to valuable Beer, Wine, Alcohol, and Tobacco distribution licenses. Brad Wyatt joins as Co-CEO and Board Member, alongside Tom Zarro. The acquisition was completed with LTNC issuing 750 million RESTRICTED common shares for 100% of Illumination Holdings' shares.
Labor Smart, Inc. (OTC PINK:LTNC) has announced a Binding Letter of Intent to acquire Illumination Holdings, Inc., a subsidiary of Illumination Brands, Inc. This acquisition aims to create a beverage and snack powerhouse, combining LTNC's celebrity and athletic partnerships with Illumination Holdings' extensive distribution network. Key highlights include:
- Illumination Holdings generated $30 Million in Revenues in 2023
- Distribution across 5000+ retail locations in Colorado, Southern Wyoming, and South Dakota
- Brad Wyatt to join LTNC as Co-CEO and Board member
- Acquisition of Legacy Distribution Group with 175+ years of industry experience
- Exclusive distribution rights for several popular brands
The deal is expected to close within two weeks, with LTNC delivering a mix of restricted common and preferred shares, partly performance-based.
Labor Smart has retained Glendale Securities to file Form 15c2-11 to enhance LTNC's trading status. This move transitions LTNC from unsolicited to solicited quotes, broadening its market reach and liquidity. The initiative aims to increase visibility among brokers and investors. CEO Tom Zarro emphasizes this step's alignment with Labor Smart's growth strategy, aiming to boost investor confidence and maximize shareholder value. Additionally, Labor Smart has opened an investment trading account with Glendale Securities, preparing for potential stock buyback opportunities. The filing process is expected to take three months.
Labor Smart's subsidiary, Next Gen Beverages, conducted a town square event on X (formerly Twitter) on June 18th. They announced UFC Champion Rose Namajunas and MMA fighter Alyse Anderson as brand ambassadors for their performance drink, LOCK'DIN. CEO Tom Zarro emphasized the resilience, precision, and champion mindset of Namajunas, aligning her traits with the brand's values.
Preliminary second-quarter sales figures were shared: April ~$114,000, May ~$78,000, and June ~$50,000 (projected). Although the team is not satisfied with these results, they plan to enhance direct-to-consumer channels before expanding retail.
Michael Araghi was elected to the Board of Directors and will become President of Next Gen Beverages on July 1st. Lastly, they launched a -edition "Freedom" Hydrogen Water for Independence Day.
Labor Smart, through its subsidiary Next Gen Beverages, has announced a strategic partnership with the Association of Pickleball Players (APP). LOCK'DIN Beverages, known for its Hydrogen Rich Water (HRW), is now the Official Hydrogen Water of the APP. This collaboration aims to introduce HRW's performance, wellness, and recovery benefits to pickleball players—a rapidly growing sport in the USA and globally. LOCK'DIN Beverages will sponsor various APP events in 2024, starting with the APP Chicago Open from Aug. 28 to Sep. 1. The initiative aims to position HRW as a leading functional water for athletes.
Labor Smart (OTC PINK:LTNC) held a town square event on X Spaces on May 14, 2024. Through its subsidiary, Next Gen Beverages, the company discussed various topics including new products, such as a new flavor POG, and introduced Chad Owens as their new Ambassador and Sales Distribution Partner for Hawaii. The company mentioned potential share reduction strategies with a buyback value of $400,000 and the initiation of a company trading account for future buybacks. Distribution opportunities in Asia and Dubai are still in process. The company will use a 5-day extension window for Q1 filings. Additionally, their LOCK'DIN trademark has been published without opposition.
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