LANCASTER, PA – UNLOCKD Inc. (OTCID: BFCH), a public platform focused on acquiring and scaling wellness and functional nutrition brands, announced it has executed a binding Letter of Intent 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 expected to add revenue-generating operations, proprietary formulations, intellectual property, and a fully integrated direct-to-consumer 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 utilizes active customer acquisition channels across TikTok, Amazon, and Meta, supported by established digital marketing data, repeat customers, and scalable e-commerce infrastructure. Upon closing, VerdaGenix will operate as a wholly owned subsidiary of UNLOCKD.
This acquisition positions UNLOCKD within high-growth global categories such as functional beverages, adaptogens, and plant-based wellness, which collectively represent a multi-billion-dollar market opportunity. The demand for performance, energy, and longevity-focused products continues to drive growth in these sectors.
Jordan P. Balencic, D.O., Chairman and CEO of UNLOCKD, stated, 'This transaction adds a revenue-generating DTC engine and vertically integrated product capabilities to the platform. 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. Gorst brings over 30 years of experience leading public and private companies, having served as Chairman and CEO of multiple publicly traded firms and raised more than $100 million in capital. His expertise in capital markets, corporate strategy, and scaling consumer-focused businesses is expected to bolster UNLOCKD’s leadership and access to growth capital.
UNLOCKD also intends to explore integration of its EVERMIND™ platform into the combined business, potentially creating product extensions and formulation enhancements across the Ancient Extracts portfolio. This strategy may unlock additional product innovation and expand the company’s presence across functional wellness categories.
The parties are progressing through due diligence with the goal of executing a definitive Purchase and Sale Agreement. In connection with the acquisition, UNLOCKD expects to close a financing of approximately $300,000 to support inventory expansion, marketing scale, and new product development. Management believes aligning capital with revenue-generating assets is critical for scalable growth.
The transaction remains subject to completion of due diligence, execution of definitive agreements, and satisfaction of customary closing conditions. More information about Ancient Extracts can be found at https://www.ancientextracts.com. Corporate information for UNLOCKD is available at www.UNLOCKDinc.com.
