UNLOCKD Inc. (OTCID: BFCH), a public platform focused on acquiring and scaling wellness and functional nutrition brands, announced today that it 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, valued at approximately $490,000 subject to adjustments, is structured as an equity-based acquisition and is expected to add revenue-generating operations, proprietary formulations, intellectual property, trade secrets, key personnel, and a fully integrated direct-to-consumer (DTC) infrastructure to the UNLOCKD platform.
Ancient Extracts is a DTC wellness brand offering botanical formulations including mushroom coffee, ceremonial-grade matcha, and shilajit-based products. The brand has established active customer acquisition channels across TikTok, Amazon, and META, with a scalable e-commerce infrastructure and repeat customers. The acquisition positions UNLOCKD within high-growth global categories such as functional beverages, adaptogens, and plant-based wellness, which together represent a multi-billion-dollar market opportunity driven by demand for performance, energy, and longevity-focused products.
“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. “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 CEO of multiple publicly traded companies. 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, positioning the company to accelerate execution and access growth capital.
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 UNLOCKD’s presence across multiple functional wellness categories.
In connection with the acquisition, UNLOCKD expects to close a financing targeting approximately $300,000 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 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 about Ancient Extracts, visit https://www.ancientextracts.com. For corporate information on UNLOCKD Inc., visit www.UNLOCKDinc.com and view current filings on OTC Markets.
