UNLOCKD Inc. (OTCID: BFCH) announced it has executed a binding Letter of Intent (LOI) to acquire 100% of VerdaGenix, LLC, the operating entity behind the Ancient Extracts USA brand, in a move that adds a revenue-generating direct-to-consumer (DTC) wellness platform to its portfolio. The transaction, valued at approximately $490,000 subject to adjustments, is structured as an equity-based acquisition and is expected to close following due diligence and execution of definitive agreements.
The acquisition brings Ancient Extracts, a DTC brand offering botanical formulations including mushroom coffee, ceremonial-grade matcha, and shilajit-based products, into the UNLOCKD fold. The brand has established customer acquisition channels across TikTok, Amazon, and META, along with repeat customers and scalable e-commerce infrastructure. UNLOCKD CEO Jordan P. Balencic highlighted the strategic value: "This transaction adds a revenue-generating DTC engine and vertically integrated product capabilities to the platform. This combination strengthens our ability to scale brands, expand margins, and accelerate new product development."
The acquisition positions UNLOCKD within high-growth global categories including functional beverages, adaptogens, and plant-based wellness, which represent a multi-billion-dollar market opportunity driven by demand for performance, energy, and longevity-focused products. Management also intends to explore integration of its EVERMIND™ platform into the combined business, potentially unlocking product innovation across the Ancient Extracts portfolio.
As part of the deal, John P. Gorst will join UNLOCKD's executive management team. Gorst brings over 30 years of experience building and leading public and private companies, having served as Chairman and CEO of multiple publicly traded firms and raised more than $100 million in capital. His addition is expected to strengthen UNLOCKD's leadership with capital formation expertise and public market experience, positioning the company to accelerate execution and access growth capital.
The company also plans to close a financing of approximately $300,000 aligned with the acquisition to support inventory expansion, marketing scale, and new product development. Management believes aligning capital with revenue-generating assets is key to scalable growth across the platform.
The transaction remains subject to completion of due diligence, execution of definitive agreements, and satisfaction of customary closing conditions. For more information on Ancient Extracts, visit https://www.ancientextracts.com. Corporate information is available at www.UNLOCKDinc.com.
