Bio Lab Naturals (“the Company”) (OTCQB: BLAB) recently announced that from May 20, 2022, Limitless X, a creative and empowering lifestyle agency that has helped many industry-leading products in the dietary and CBD supplement industries launch, became a wholly-owned and principal operating subsidiary of the Company. In the announcement, the Company and the shareholders of Limitless X have finalized the share exchange agreement between the two companies.
Limitless X shareholders have received about 90% of the Company’s stock in exchange for all of Limitless X’s shares in the share exchange, which is part of the agreement. Limitless X founder and principal shareholder Jas Mathur also purchased from Helion Holdings LLC, 500,000 shares of the Company’s Class A, Preferred Supermajority Voting Convertible Stock, which at all times has votes equal to 60 percent of all the issued and outstanding shares of common stock. In September 2021, Limitless X was incorporated as a Nevada corporation.
New ticker symbols will be filed in the next few weeks as part of the company’s plan to rename itself.
Limitless X will continue Bio Lab Naturals’ business and core operations, including Prime Time Live, Inc.’s mobile LED screens for entertainment, corporate, civic, and sports events in Denver, CO.
“To achieve our goal of creating products and services that make people look and feel better, we’re launching Limitless X today,” Jas Mathur, CEO of Limitless X, said. By becoming a publicly-traded company, we can now get greater visibility and exposure in the financial markets, enhance our brand recognition, and open up our market to a broader range of investors than we could have previously done. So it is with great anticipation that I look forward to this next stage, which will see Limitless X enter the public market and become a global household name.”
Entrepreneur and venture financier, Jas Mathur, is the driving force behind the direct-to-consumer strategy of Limitless X, which boasts an impressive array of celebrity ambassadors from the worlds of music and film to sports and beyond. By expanding its global ecosystem with this purchase, the Company hopes to continue providing distinctive product and service-oriented enterprises in the Health & Wellness, Beauty & Skincare, and CBD industries.
About Jas Mathur
Jas Mathur is a successful entrepreneur and venture capitalist who has built several multi-million dollar businesses in the marketing, health, and wellness industries. His digital marketing and branding agency, Limitless X, has launched numerous industry-leading brands in the nutritional supplement and CBD industries. As one of the most prominent trendsetters in sports and culture, he has a large following of people who admire his work and achievements. He has more than seven million followers on Instagram.
About Limitless X
Limitless X is a creative and lifestyle agency that offers a wide range of digital marketing and advertising. Its global ecosystem and operations focus on three verticals: Health & Wellness, Beauty & Skincare, and CBD industries. It has championed numerous industry-leading product and service-oriented businesses within each vertical.
