BlockChain Loyalty Corp (OTCMKTS:BBLC) Stock In Focus After Acquisition News

BlockChain Loyalty Corp (OTCMKTS:BBLC) announced signing a Letter of Intent for acquiring the clean beauty brand True + Luscious. BlockChain Loyalty Corp. Dba Marianna Naturals forayed into the new arrangement on May 19th, 2023, which will see the brand add cosmetics and clean makeupto the existing set of all natural beauty products.

Trading Data

On Friday, BBLC stock fell 1.43% to $0.6900 with more than 1.25K shares, compared to its average volume of 2.28K shares. The stock moved within a range of $0.5500 – 0.6900 after opening trade at $0.5500.

BlockChain Loyalty Corp., Dba Marianna Naturals, Signs LOI to Acquire Clean Beauty Brand True + Luscious

The “Clean Beauty” business category comprises products made without ingredients harming human health. It is expected to witness a surge of 40%+ Compound Annual Growth Rate from 2023 to 2028.

True + Luscious is a novel opportunity as the opportunity comes with $2,615,000 in existing inventory. Furthermore, it has an email list consisting of 8,000 customers. A reputable and profitable business in the clean-beauty industry, there are sales contracts in the queue of about $1,000,000 in revenue. Furthermore, these have abouta 40% profit margin.

Listed on Amazon, True + Luscious is a 5 Star Seller having 800 reviews for its flagship product, and YOY growing FBA revenue. Featured in Buzzfeed, Allure, Forbes, and Huffington Post amongst others, True + Luscious is certified by Leaping Bunny, an internationally recognized system assuring customers on the non-use of animal tests in the development of any product.

T+L’s founder, Mehir Sethi, a seasoned beauty veteran will assist BlockChain Loyalty Corp. Dba Marianna Naturals through transition. The acquisition comprises a sale price of $749,000, where a mix of shares and cash would be provided to Ms. Sethi on the transaction closing.