Welcome to our dedicated page for CBD Global Sciences news (Ticker: CBDNF), a resource for investors and traders seeking the latest updates and insights on CBD Global Sciences stock.
Overview
Illumination Brands, formerly known as CBD Global Sciences Inc., has redefined its business focus from its CBD origins to become a vertically integrated beverage and snack brand incubator. Operating within the competitive landscape of functional beverages and consumer goods, the company combines brand incubation, research and development, manufacturing, and an expansive distribution network to create a unique business model that addresses evolving consumer needs.
Business Model and Core Functions
The company specializes in the entire lifecycle of brand development, from conceptualization and product development to market penetration and distribution. With deep industry expertise, Illumination Brands integrates state-of-the-art R&D and manufacturing processes with a robust wholesale and direct store delivery network, catering to a wide range of retail channels. This comprehensive approach allows the company to incubate, innovate, and scale beverage and snack brands while leveraging strategic partnerships and distribution channels that span independent retailers, chain stores, and other non-traditional points of sale.
Industry Position and Strategic Assets
Illumination Brands is recognized for its extensive distribution network and its ability to bring new products to market. The company strategically positions itself as a hub for entrepreneurial ventures in the beverage and snack sectors by harnessing its legacy operations and combining them with cutting-edge functional product manufacturing capabilities. This integration is designed to efficiently manage the supply chain—from product conception to retail deployment—thereby enhancing market responsiveness and operational efficiency.
Operations and Value Proposition
- Integrated Brand Incubation: The company nurtures brands through a well-structured incubation process, applying industry-specific insights to ensure effective market entry.
- Vertical Integration: Its business model minimizes external dependencies by covering every step of the supply chain, from research and development to sales and distribution.
- Robust Distribution Network: Operating across thousands of retail locations, Illumination Brands leverages a wide-reaching network that ensures comprehensive market coverage.
- Research & Development Expertise: With modern manufacturing and R&D facilities, the company brings innovative functional beverages and snacks to market, backed by rigorous product testing and development protocols.
Market Dynamics and Competitive Landscape
In an industry that demands constant innovation and agility, Illumination Brands distinguishes itself by combining traditional distribution strengths with modern technological and manufacturing expertise. Its strategic emphasis on a full-cycle approach—encompassing product design, market analysis, and distribution—allows the company to respond effectively to changing consumer tastes and competitive pressures. This dynamism positions the company as a resourceful platform for emerging brands, while its historical evolution and restructured focus further enhance its credibility and operational expertise.
Summary
Overall, Illumination Brands is a comprehensive solution provider in the beverage and snack industry. Its commitment to a vertically integrated structure, combined with deep industry experience, positions it as a knowledgeable facilitator of brand innovation and market penetration. Through clear, methodical processes and a robust distribution infrastructure, the company continues to build on its legacy while remaining adaptable in a rapidly evolving market landscape.
Illumination Brands, formerly CBD Global Sciences Inc. (CBDN), announces plans to pay off creditors and potentially distribute remaining shares/funds to shareholders after selling its subsidiary, Illumination Holdings Inc., to Labor Smart (LTNC) for 750 million LTNC shares. CBDN was delisted from the Canadian Securities Exchange on December 5, 2023, following a Cease Trade Order since July 7, 2022. The company faced significant cash flow challenges despite attempts to shift focus from CBD to more profitable sectors.
Once LTNC shares are eligible for resale under Rule 144, CBDN plans to use them to settle debts and potentially distribute remaining assets to shareholders. The estimated distribution is 6-8 LTNC shares per CBDN share, subject to final creditor settlements. However, the company cautions that there is no assurance regarding the timing or ability to sell/distribute LTNC shares, repay creditors, or return capital to shareholders due to potential regulatory, legal, or compliance issues.
Illumination Brands, formerly known as CBD Global Sciences Inc, and Hempacco have announced a potential business combination to create a vertically integrated beverage & snack brand incubator in the USA. The combined company aims to generate $35 million in annual revenues by leveraging manufacturing capabilities and celebrity partnerships. Illumination Brands' distribution network and Hempacco's assets are expected to enhance product launches, expand Snoop Dogg's product line, target young adults with functional beverages, shots, gummies, and nutritional supplements, and drive industry innovation. Post-merger, the company plans to grow its brand portfolio, expand distribution, acquire other beverage distributors, and nurture emerging brands. However, the terms of the potential business combination are not finalized, and a definitive agreement is pending.
Global Sciences (OTC: CBDNF) has successfully completed the acquisition of Direct Store Distribution (DSD) operations from New Age Beverage Corporation, effective December 12, 2022. This acquisition enables Global Sciences to distribute beverages and snacks to over 5,000 retailers in Colorado. The transition of 144 employees and vendor relationships to its subsidiary, Legacy Distribution Group, is progressing smoothly. Daily sales from DSD operations have averaged $145,541, expected to contribute approximately $2.8 million in sales for 2022. The company plans to diversify its product offerings to enhance sales and profitability post-acquisition.
Global Sciences, Inc. (OTC: CBDNF) has terminated its letter of intent with Pure Vision Technologies to acquire Pure BioPlastics Inc. The decision was made mutually due to challenges in fulfilling the necessary due diligence for the transaction. CEO Brad Wyatt expressed disappointment but remains optimistic about potential future opportunities with Pure Vision Technologies, which focuses on biodegradable substitutes for plastics.
CBD Global Sciences Inc. (CBDNF) has successfully closed an asset purchase agreement to acquire the direct store distribution (DSD) operation from New Age Beverage Corporation, contributing to its growth strategy. The acquisition, completed for approximately US$2.29 million, includes operations that serve over 5,000 retailers in Colorado. Transitioning to new ownership was approved by the U.S. Bankruptcy Court, allowing Legacy Distribution, a subsidiary of CBD Global Sciences, to continue operations with existing management and employees while supported by an asset-based line of credit.
CBD Global Sciences Inc. (OTC: CBDNF) has entered into a definitive asset purchase agreement with New Age Beverage Corporation to acquire its Direct Store Distribution (DSD) operation, expected to close in Q4 2022, pending a 21-day diligence period and court approval due to New Age's bankruptcy. The DSD operation has over 20 years of service providing top-tier distribution to 5,000 outlets in Colorado. CEO Brad Wyatt emphasized the acquisition as a positive step for growth and profitability in the expanding DSD market.
CBD Global Sciences Inc. (OTC: CBDNF) has issued its fourth bi-weekly default status report, as mandated by NP 12-203, following the delay in filing its audited annual financial statements for 2021. The company has secured a management cease trade order that restricts trading by its CEO and CFO until all filings are submitted. Although the audit is ongoing, the firm has requested an extension for filing by July 22, 2022. The company also indicates that interim financial statements for Q1 2022 will be filed post-annual filings.
CBD Global Sciences Inc. (CBDNF) announces significant demand for its RAP SNACKS products in Colorado. Following a successful test market that generated over $93,000 in reorders, the company is set to expand distribution across all its 6,000 serviced stores. CEO Brad Wyatt expressed confidence in the brand's growth, noting unsolicited interest from non-serviced states. The RAP SNACKS line, co-created with hip-hop artists, combines unique flavors and branding, positioning it for exponential sales increases throughout 2022.
CBD Global Sciences Inc. (OTC: CBDNF) has released its third bi-weekly default status report, following a previous announcement regarding delays in filing its audited annual financial statements for the year ended December 31, 2021. The corporation received a management cease trade order from the Alberta Securities Commission, limiting trading by executive officers. The audit is ongoing, with plans to file the necessary documents by July 1, 2022. There are no significant changes to previous disclosures, and interim financial statements for Q1 2022 will also be filed post the annual filings.
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