Labor Smart Inc. Announces Acquisition of Creager Mercantile Co. Strengthening Operations and Building for the Future
Labor Smart Inc. (OTC PINK:LTNC) has announced the acquisition of Creager Mercantile Co., a Denver-based wholesale distributor that generated $22 million in revenue in 2024. The acquisition will be completed through the issuance of 400 million restricted common shares for 100% ownership, with the deal retroactively dated to November 1, 2024.
The strategic acquisition combines Legacy Distribution with Creager Mercantile's operations, expanding their retail network to over 9,000 locations. The merger aims to enhance distribution efficiency, optimize supply chain operations, and strengthen market presence. Creager Mercantile's Denver-based infrastructure will provide immediate operational benefits, including faster product delivery and improved logistics.
Labor Smart Inc. (OTC PINK:LTNC) ha annunciato l'acquisizione di Creager Mercantile Co., un distributore all'ingrosso con sede a Denver che ha generato 22 milioni di dollari di entrate nel 2024. L'acquisizione sarà realizzata attraverso l'emissione di 400 milioni di azioni ordinarie riservate per il 100% della proprietà, con la transazione retrodatata al 1° novembre 2024.
L'acquisizione strategica combina Legacy Distribution con le operazioni di Creager Mercantile, espandendo la loro rete di vendita al dettaglio a oltre 9.000 punti vendita. La fusione mira a migliorare l'efficienza della distribuzione, ottimizzare le operazioni della catena di approvvigionamento e rafforzare la presenza nel mercato. L'infrastruttura di Creager Mercantile con sede a Denver fornirà immediati benefici operativi, tra cui una consegna più rapida dei prodotti e una logistica migliorata.
Labor Smart Inc. (OTC PINK:LTNC) ha anunciado la adquisición de Creager Mercantile Co., un distribuidor mayorista con sede en Denver que generó 22 millones de dólares en ingresos en 2024. La adquisición se llevará a cabo mediante la emisión de 400 millones de acciones ordinarias restringidas para obtener el 100% de la propiedad, con la operación fechada retroactivamente al 1 de noviembre de 2024.
La adquisición estratégica combina Legacy Distribution con las operaciones de Creager Mercantile, ampliando su red minorista a más de 9,000 ubicaciones. La fusión tiene como objetivo mejorar la eficiencia de distribución, optimizar las operaciones de la cadena de suministro y fortalecer la presencia en el mercado. La infraestructura de Creager Mercantile en Denver proporcionará beneficios operativos inmediatos, incluyendo entrega más rápida de productos y logística mejorada.
Labor Smart Inc. (OTC PINK:LTNC)가 2024년에 2,200만 달러의 수익을 올린 덴버에 본사를 둔 도매 유통업체 Creager Mercantile Co.의 인수를 발표했습니다. 이번 인수는 100% 소유권을 위한 4억 주의 제한된 보통주 발행을 통해 진행되며, 계약은 2024년 11월 1일로 소급 적용됩니다.
이 전략적 인수는 Legacy Distribution과 Creager Mercantile의 운영을 결합하여 소매 네트워크를 9,000개 이상의 위치로 확장합니다. 이번 합병은 유통 효율성을 높이고, 공급망 운영을 최적화하며, 시장 존재감을 강화하는 것을 목표로 하고 있습니다. Creager Mercantile의 덴버 기반 인프라는 더 빠른 제품 배송과 개선된 물류를 포함하여 즉각적인 운영 이점을 제공합니다.
Labor Smart Inc. (OTC PINK:LTNC) a annoncé l'acquisition de Creager Mercantile Co., un distributeur en gros basé à Denver qui a généré 22 millions de dollars de revenus en 2024. L'acquisition se fera par l'émission de 400 millions d'actions ordinaires restreintes pour détenir 100% de la propriété, la transaction étant rétroactivement datée au 1er novembre 2024.
Cette acquisition stratégique combine Legacy Distribution avec les opérations de Creager Mercantile, en élargissant leur réseau de vente au détail à plus de 9 000 emplacements. La fusion vise à améliorer l'efficacité de la distribution, à optimiser les opérations de la chaîne d'approvisionnement et à renforcer la présence sur le marché. L'infrastructure de Creager Mercantile basée à Denver offrira des avantages opérationnels immédiats, y compris une livraison de produits plus rapide et une logistique améliorée.
Labor Smart Inc. (OTC PINK:LTNC) hat die Übernahme von Creager Mercantile Co. angekündigt, einem Großhändler mit Sitz in Denver, der im Jahr 2024 einen Umsatz von 22 Millionen Dollar generierte. Die Übernahme erfolgt durch die Ausgabe von 400 Millionen beschränkten Stammaktien für 100% Eigentum und wird rückwirkend auf den 1. November 2024 datiert.
Die strategische Übernahme vereint Legacy Distribution mit den Betriebsabläufen von Creager Mercantile und erweitert ihr Einzelhandelsnetz auf über 9.000 Standorte. Die Fusion zielt darauf ab, die Effizienz der Distribution zu verbessern, die Lieferkettenoperationen zu optimieren und die Marktpräsenz zu stärken. Die Infrastruktur von Creager Mercantile mit Sitz in Denver wird sofortige betriebliche Vorteile bieten, einschließlich schnellerer Produktlieferungen und verbesserter Logistik.
- Acquisition of a profitable company with $22M annual revenue
- Expansion to 9,000 retail locations, significantly increasing market presence
- Strategic Denver location enhancing distribution infrastructure
- Potential for operational cost reduction through supply chain optimization
- Significant shareholder dilution through issuance of 400M restricted shares
JACKSON, WYOMING / ACCESS Newswire / January 17, 2025 / Labor Smart Inc. (OTC PINK:LTNC) is pleased to announce the acquisition of Creager Mercantile Co., a Denver-based wholesale distributor with a legacy spanning over 120 years. This acquisition represents a strategic move to enhance Labor Smart's operational capabilities, increase efficiency, and expand market opportunities for its brands and partners.
Creager Mercantile, which generated
Labor Smart Inc. will issue 400 million restricted common shares (or similar) for
Reinforcing Operational Excellence
The acquisition of Creager Mercantile fundamentally strengthens Labor Smart's operations by:
Enhancing Distribution Efficiency
Creager Mercantile's established infrastructure, strategically located in Denver, provides an immediate boost to Legacy Distribution's capabilities.
The company's proven systems ensure faster, more reliable delivery of products to retailers across an expanded network.
Expanding Market Reach
The combined reach of Legacy Distribution and Creager Mercantile now spans over 9,000 retail locations, positioning Labor Smart to deliver broader access to its premium beverage, snack, and spirits brands.
This increased footprint provides significant opportunities for revenue growth and brand visibility.
Optimizing Supply Chain Operations
Creager Mercantile's operational expertise complements Legacy Distribution's focus on creating seamless supply chain solutions.
By integrating Creager's systems, Labor Smart and Legacy Distribution can reduce inefficiencies, improve logistics, and lower costs across the board.
A Statement from Leadership
"This acquisition strengthens our ability to serve our major retailers and the brands we own with greater efficiency, broader reach, and an unwavering commitment to excellence," said Brad Wyatt, Co-CEO of Labor Smart Inc. "It's a fundamental win for our business as a whole, reinforcing our ability to create meaningful growth opportunities across the board." said Tom Zarro, Co-CEO of Labor Smart Inc.
Strengthening Partnerships Across the Supply Chain
The acquisition also creates immediate benefits for Legacy Distribution's partners and retailers by ensuring:
Consistent Product Availability: Improved distribution infrastructure guarantees that products are always available where and when they're needed.
Collaborative Growth Opportunities: A larger, more efficient network allows partners to scale their businesses alongside Legacy Distribution.
Improved Service Levels: The combined expertise of both companies enhances service quality, responsiveness, and operational reliability.
Looking Ahead
Labor Smart's integration of Creager Mercantile represents a significant step forward in building a strong, adaptable, and scalable operational foundation for Legacy Distribution. This acquisition reinforces Labor Smart's commitment to delivering exceptional value to its brands, partners, and stakeholders.
"This is not just about growth-it's about evolution," Wyatt concluded. "We're taking the best of Creager's legacy and combining it with Legacy Distribution's platform for the future, creating an operational network that drives real results."
Safe Harbor Statement: This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; and (iii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with OTC Markets. These and other factors may cause our actual results to differ materially from any forward-looking statement. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Website: Creagermerc.com
Contact Information
Investor Relations
ir@laborsmartinc.com
SOURCE: Labor Smart, Inc.
View the original press release on ACCESS Newswire
FAQ
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