Business
Golden Triangle Ventures, Inc. Announces Binding LOI to Acquire all Assets and Intellectual Property from Le Pragma, LLC and Provides Additional Corporate Developments
Golden Triangle Ventures, Inc. Announces Binding LOI to Acquire all Assets and Intellectual Property from Le Pragma, LLC and Provides Additional Corporate Developments.
About this update from Golden Triangle Ventures Inc.
[{"type":"text","content":"\n LAS VEGAS, May 18, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce that after nearly 10 months of work it has executed a Binding Letter of Intent (“LOI”) and has formalized the complete terms to acquire all assets and intellectual property of Le Pragma, LLC, a full retail line of high-end, all-natural, health, wellness and beauty products. Created by the founders of Sonder Fulfillment, Le Pragma was designed from conception to have a universal appeal as a luxurious cannabinoid brand distributed throughout the world. With a strategic vision of going beyond products and introducing an everyday use regimen that compliments an active lifestyle, Le Pragma seeks to become the “CBD line of the future.” Additionally, Le Pragma’s cutting-edge formulations and dedication to a precise science sets Le Pragma products apart from other companies, delivering optimal wellness throughout its entire retail line. Furthermore, as an educational leader in the industry, Le Pragma has a mission of providing explicit, evidence-based knowledge of the lifestyle benefits of CBD. This includes clinical trials, proper usage recommendations, and scientific background on the products being released. Supporting the company’s past research in place, initial plans have been set to provide a strong expansion of this product line into the nootropics industry while also developing an Active Pharmaceutical Ingredient (API) line of CBD products that will focus on providing targeted benefits to specific medical issues.  Currently, the company product inventory includes CBD Tinctures, CBD Wellness Pills, CBD Pain Cream, Lip Balm, and a 5-step CBD skincare system comprised of a CBD Face Cleanser, CBD Exfoliant, CBD Serum, CBD Face Oil, and CBD Face Cream. The valuation of the inventory acquired could generate more than $5 million in retail sales through established distribution channels.  GTVH has developed a comprehensive marketing strategy that is ready to launch upon the execution of all final acquisition agreements that are currently being drafted: Full website refresh (lepragma.com) with updated branding and design to better appeal to the Le Pragma customer base (the full line of products will also be ...