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. (LTNC) has announced the acquisition of Takeover Industries, Inc., a pre-revenue beverage company, in a deal involving the issuance of 6.8 billion common shares, restricted for 12 months. This acquisition marks a significant shift towards diversification for Labor Smart. Outgoing CEO Ryan Schadel will retire 500 million shares, thus reducing the tradeable float. Joe Pavlik will take over as the new CEO, bringing over 20 years of executive experience. The company aims to enhance shareholder relations and explore new opportunities in the functional beverage sector.
Labor Smart, Inc. (LTNC) recently provided updates on its business developments on February 22, 2021. The company, known for blue collar staffing in the southeastern US, is transitioning to a diversified holding firm. It has taken steps to comply with new SEC regulations to enhance investor transparency, including submitting an application to become current on otcmarkets.com. Additionally, LTNC is actively pursuing acquisitions, including opportunities in the beverage industry. The company currently operates a pizzeria franchise and plans to rename itself to reflect its new status.
Labor Smart, Inc. (LTNC) has announced it will accept Bitcoin and Ethereum as payment for its staffing services starting mid-March 2021. This initiative is aimed at enhancing client flexibility while reducing the processing fees associated with traditional payment methods like credit cards and checks. CEO Ryan Schadel emphasized that adopting cryptocurrency positions the company as a forward-thinking leader in the staffing sector. This move coincides with Labor Smart’s intention to become current with otcmarkets.com disclosures.
Labor Smart, Inc. (LTNC) announces its response to the SEC’s amendments to Rule 15c2-11, which may impact non-reporting issuers like itself by reducing liquidity and valuations. CEO Ryan Schadel stated that the company is applying for compliance with the Alternative Reporting Standard to protect shareholder value. The firm previously stopped SEC reporting in 2016. Labor Smart discloses information through its official Twitter handles and will file the press release with the SEC to notify them of the compliance intent.