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. (OTCID: LTNC), formerly Labor Smart, Inc., generates news that reflects its transformation into a culture-driven consumer products and beverage platform. Company announcements focus on brand launches, distribution partnerships, capital structure changes, and the evolution of its portfolio, offering a detailed view of how LTNC is reshaping itself around beverages, wellness, and lifestyle brands.
Recent news has highlighted the rollout of Adios Spirits, a tequila-based ready-to-drink alcoholic beverage brand that the company identifies as a flagship offering. Press releases describe milestones such as the direct-to-consumer launch of Adios Spirits, distribution through CKS as a national retail and wholesale partner, and marketing initiatives involving cultural and sports figures. Other coverage includes the launch of Elevate Health & Wellness Gummies through the Cencora Marketplace and direct-to-consumer channels, as well as the planned direct-to-consumer launch of Thirst Responder Hydration.
Investors and followers of LTNC can also find updates on corporate strategy, including the state-level name change to Kultura Brands Inc., the creation of the Kultura Holdings subsidiary for celebrity-driven brand development, and a multi-phase share retirement initiative aimed at restructuring the company’s capitalization. These items provide insight into how management is positioning the company’s brands, managing its capital structure, and pursuing growth through partnerships and platform expansion.
This news page aggregates these developments so readers can review LTNC’s brand launches, distribution moves, capital structure updates, and strategic announcements in one place. For those tracking the company’s shift from its labor-services legacy to a diversified consumer products and beverage platform, the LTNC news feed offers ongoing context about its progress and priorities.
Labor SMART, Inc. (LTNC) has announced an endorsement deal with boxing champion Manny Pacquiao and The Manny Pacquiao Foundation through its subsidiary, Takeover Industries Inc. This partnership is centered around promoting NXT LVL Hydrogen Water, aimed at enhancing health and athletic performance. Manny Pacquiao expressed enthusiasm for the collaboration while emphasizing the health benefits of Hydrogen Water. The initiative aims to further the mission of the Manny Pacquiao Foundation, which focuses on helping those in need.
Labor SMART, Inc. (LTNC) announced the formation of its National Sales Dream Team at its subsidiary, Takeover Industries Inc. The team comprises three industry veterans with extensive experience in the beverage sector. Led by Vice President of Sales Michael Tzanetatos, with over 20 years in the industry, the team aims to successfully launch NXT LVL Hydrogen Water and other products. Co-Founders Toby McBride and Mike Holley, both former IGNITE Beverage executives, join the team, which collectively holds over 100 years of industry experience.
Labor SMART, Inc. (LTNC) announced a Joint Venture with Faith Springs, LLC to market and promote hydrogen water products utilizing H2ForLife® technology. The agreement grants LTNC a minority equity stake and exclusive marketing rights for two years. The hydrogen-rich spring water, claimed to enhance cellular functions, is processed from pure mountain spring water. CEO Joe Pavlik highlighted this milestone as a foundation for future product development, with expectations to launch a new hydrogen-infused water product before Easter.
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.