Business
Kultura Brands, Inc. (OTCID:LTNC) Establishes Brokerage Account to Support Approved Investment Activities and Potential Share Repurchases
Kultura Brands, Inc. (OTCID:LTNC) Establishes Brokerage Account to Support Approved Investment Activities and Potential Share Repurchases.
About this update from Labor Smart Inc
[{"type":"text","content":"\r\n\r\n \r\n \r\n Kultura Brands, Inc. (OTCID:LTNC) Establishes Brokerage Account to Support Approved Investment Activities and Potential Share Repurchases\r\n \r\n \r\n\r\n\r\nKultura Brands, Inc. (OTCID:LTNC) Establishes Brokerage Account to Support Approved Investment Activities and Potential Share Repurchases\r\n\r\n\r\n\r\n\r\n\r\nJACKSON, WYOMING / ACCESS Newswire / March 3, 2026 / Kultura Brands, Inc. (OTCID:LTNC) (\"Kultura\" or the \"Company\"), formerly known as Labor Smart, Inc., today announced that it has established a dedicated brokerage account with E*Trade from Morgan Stanley, to facilitate board-approved investment activities, including the potential purchase of its common stock in the open market, subject to applicable securities laws and regulations, including SEC and FINRA requirements, as well as the Company's internal compliance policies.\r\n The establishment of this account enhances the Company's capital markets infrastructure and provides a structured and compliant mechanism for executing authorized transactions. The account enables Kultura to evaluate capital allocation opportunities efficiently while maintaining appropriate governance, documentation, and oversight.\r\n The Company believes this capability strengthens financial flexibility as operational execution advances and reporting metrics continue to develop. Subject to Board authorization and regulatory compliance, the Company may from time to time evaluate share repurchases if management and the Board determine that market conditions and available capital warrant such action. Any such purchases would be conducted in accordance with applicable securities laws, trading policies, and market conditions. There can be no assurance that any repurchases will occur.\r\n Scott Darnell, Chairman of the Board, stated, \"Kultura is continuing to build the infrastructure necessary to operate as a disciplined and execution-focused public company. Establishing this brokerage capability provides an additional capital stewardship tool with appropriate controls and governance. I am also encouraged by our operational momentum. The rollout of Adios in Atlanta is fully underway as a team of seven including myself joined RDNC, and we are already seeing trailer reorders happening. Combined with our pace of execution, this progress positions the Company for continued a...