Illumination Brands Announces the Plan to Distribute or Sell Shares of LTNC After Selling One of Its Subsidiaries, Illumination Holdings Inc. [Yahoo! Finance]
LABOR SMART INC (LTNC)
Company Research
Source: Yahoo! Finance
Efforts to lift the CTO consumed hundreds of thousands of dollars and countless hours, yet CBDN was ultimately unable to resume trading, leading to its delisting in 2023. Since the date that CBDN acquired the assets and designated liabilities of NABC – a company acquired out of the bankruptcy of New Age -. CBDN amassed debt while attempting to present a successful turnaround to an operation that had not been profitable in the many years leading up to the sale of the operation. In an effort to turn around operations, CBDN sought to sell assets after realizing it was unable to raise the necessary funds to continue its efforts and had limited options. In August 2024, CBDN sold its subsidiary, Illumination Holdings, which included Legacy Distribution Group, to Labor Smart (OTCMKTS: LTNC - “LTNC”) in exchange for 750 million shares of LTNC. This acquisition provided the capital necessary to keep the subsidiary funded in order to continue the operation turnaround and aim for profitabilit
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News
- Labor Smart, Inc. (LTNC) Announces New Manufacturing and Distribution Relationships; Q4 Earnings Expected to Surpass ExpectationsAccesswire
- Labor Smart Holds 2nd Annual Shareholder Meeting on October 9, 2024 in Las Vegas, Nevada [Yahoo! Finance]Yahoo! Finance
- Labor Smart Holds 2nd Annual Shareholder Meeting on October 9, 2024 in Las Vegas, NevadaAccesswire
- Labor Smart, Inc. Taps Into $250 Billion Snack Market With Investment in Disruptive Snack & Beverage CompanyAccesswire
- Labor Smart, Inc. Announces New Distribution Partnership with Splash Beverage GroupAccesswire