Golden Triangle Ventures Inc. (OTC: GTVH) Expands Portfolio with Acquisition of Go Fast Sports Brand
TL;DR
Golden Triangle Ventures secures a strategic advantage by acquiring Go Fast Sports, positioning itself in the lucrative energy beverage market without diluting shareholder value.
Golden Triangle Ventures acquired Go Fast Sports using 720 million personal LTNC shares from CEO Javier Leal, avoiding stock issuance or convertible notes.
The acquisition of Go Fast Sports by Golden Triangle Ventures enhances its portfolio, promising innovation in beverages and health for global sports communities.
Golden Triangle Ventures makes a bold move into the energy drink sector with the acquisition of Go Fast Sports, a brand beloved by extreme sports fans.
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Golden Triangle Ventures Inc. (OTC: GTVH) has announced the acquisition of the Go Fast Sports brand from Labor Smart, Inc. (OTC: LTNC), a significant move that signals the company's entry into the functional beverage market. This acquisition includes all assets, trademarks, inventory, and related rights of Go Fast Sports, a lifestyle-driven energy brand with a strong presence in extreme sports, motorsports, and athletic communities worldwide. The deal was uniquely structured, with incoming CEO Javier Leal contributing 720 million of his personal LTNC shares to facilitate the transaction, emphasizing his commitment to shareholder value.
The acquisition of Go Fast Sports is a pivotal step for Golden Triangle Ventures as it seeks to diversify its portfolio and capitalize on the rapidly growing energy and functional beverage sector. The brand will serve as the cornerstone of GTVH's Beverages & Health division, complementing its existing Construction & Infrastructure and Manufacturing & Distribution units. This strategic expansion aligns with the company's broader objective of pursuing multi-industry growth opportunities and enhancing its market position.
Founded in 1996, Go Fast Sports has cultivated a loyal following and a distinctive brand identity, making it a valuable addition to Golden Triangle Ventures' portfolio. The acquisition not only broadens GTVH's operational scope but also provides a platform for leveraging synergies across its diverse business interests. Management views this move as a testament to the company's dynamic growth strategy and its ability to identify and secure high-value opportunities in competitive markets.
For further details on the acquisition and its implications for Golden Triangle Ventures Inc., interested parties can refer to the official press release available here. Additional information about Golden Triangle Ventures and its strategic initiatives can be found in the company's newsroom at this link.
Curated from InvestorBrandNetwork (IBN)
