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, valued at approximately $490,000, 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. Upon closing, VerdaGenix will operate as a wholly owned subsidiary.
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, supported by digital marketing data, repeat customers, and scalable e-commerce infrastructure. 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 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 deal, John P. Gorst will join UNLOCKD’s executive management team. Mr. Gorst brings over 30 years of experience leading public and private companies, having raised more than $100 million in capital. Management believes his expertise in capital markets and corporate strategy will help UNLOCKD accelerate execution and access growth capital.
The Company also plans to explore integration of its EVERMIND™ platform into the combined business, potentially leading to new product extensions and formulation enhancements across the Ancient Extracts portfolio. This strategy could 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 of approximately $300,000 to support inventory expansion, marketing scale, and new product development. Management believes aligning capital with revenue-generating assets is key to scalable growth. 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 about UNLOCKD Inc., visit www.UNLOCKDinc.com. Follow @BFCHco on X for verified updates.
