UNLOCKD Inc. Signs Binding LOI to Acquire Ancient Extracts USA, Adding Revenue-Generating DTC Wellness Brand
UNLOCKD Inc. executes a binding LOI to acquire VerdaGenix LLC, the entity behind Ancient Extracts USA, for approximately $490,000, adding a revenue-generating direct-to-consumer wellness brand with proprietary formulations and experienced leadership.
UNLOCKD Inc. (OTCID: BFCH), a public platform focused on acquiring and scaling wellness and functional nutrition brands, has executed a binding Letter of Intent (LOI) to acquire 100% of VerdaGenix, LLC, the operating entity behind the Ancient Extracts USA brand. The transaction, with an aggregate purchase price of approximately $490,000 subject to adjustment, is structured as an equity-based acquisition and is expected to add revenue-generating operations, proprietary formulations, intellectual property, and a fully integrated direct-to-consumer (DTC) infrastructure to the UNLOCKD platform.
The acquisition positions UNLOCKD within high-growth global categories including functional beverages, adaptogens, and plant-based wellness, which collectively represent a multi-billion-dollar market opportunity. Ancient Extracts is a DTC wellness brand offering botanical formulations such as mushroom coffee, ceremonial-grade matcha, and shilajit-based products, supported by active customer acquisition channels across TikTok, Amazon, and META. The platform includes established digital marketing data, repeat customers, and scalable e-commerce infrastructure.
“This transaction adds a revenue-generating DTC engine and vertically integrated product capabilities to the platform,” said Jordan P. Balencic, D.O., Chairman and Chief Executive Officer of UNLOCKD. “This combination strengthens our ability to scale brands, expand margins, and accelerate new product development.”
As part of the transaction, John P. Gorst will join UNLOCKD’s executive management team following closing. Gorst brings over 30 years of experience building and leading public and private companies, including serving as Chairman and Chief Executive Officer of multiple publicly traded companies. Over his career, he has raised more than $100 million in capital and has extensive experience in capital markets, corporate strategy, and scaling consumer-focused businesses. Management believes his addition strengthens UNLOCKD’s leadership with proven capital formation expertise and public market experience.
The Company also intends to explore integration of its EVERMIND™ platform into the combined business, including potential product extensions and formulation enhancements across the Ancient Extracts portfolio. This strategy may unlock additional product innovation and expand the Company’s presence across multiple functional wellness categories.
In connection with the proposed acquisition, UNLOCKD expects to close a financing targeting approximately $300,000 in capital to support inventory expansion, marketing scale, and new product development. Management believes aligning capital with revenue-generating assets is a key driver of scalable growth.
The transaction remains subject to completion of due diligence, execution of definitive agreements, and satisfaction of customary closing conditions. The parties are progressing through due diligence and intend to move expeditiously toward execution of a definitive Purchase and Sale Agreement.
Ancient Extracts, established in the United Kingdom, has experienced monthly double-digit organic growth and specializes in plant-based formulations rooted in traditional practices and modern functional nutrition. The Company operates a vertically integrated e-commerce platform supported by active digital marketing channels, proprietary formulations, and established supplier relationships. For more information, visit ancientextracts.com.
UNLOCKD Inc. is a Wyoming-based public platform company headquartered in Lancaster, Pennsylvania. Following the elimination of legacy debt and implementation of modern capital frameworks, UNLOCKD is building a transparent, compliant operating platform at the intersection of human optimization, consumer participation, and next-generation brand development. Corporate information is available at UNLOCKDinc.com.