Bio Lab Naturals (“the Company”) (OTCQB: BLAB) announced Monday that the Company and the leaders of Limitless X, a creative and empowering lifestyle agency that is currently taking the lead in the real of dietary and CBD supplement products formed in Nevada in September 2021, have finally completed their share exchange agreement effective May 20, 2022. The milestone makes Limitless X a wholly-owned and principal operating subsidiary of the Company, thus opening more doors for its revolutionary products.
Furthermore, the Company has issued the equity holders of Limitless X common stock equaling approximately 90% of the Company on a fully diluted basis. This was in exchange for the shares they previously owned with Limitless X.
In addition, Jas Mathur, Limitless X founder and principal shareholder, also purchased 500,000 shares from Helion Holdings LLC, of the Company’s Class A Preferred, Supermajority Voting Convertible Stock. The number of votes for the stock has consistently equaled 60% of all the issued outstanding shares of common stock of the entire organization. The Company also revealed its plans to change its name and will be filing for a ticker symbol change in the coming weeks to signify its expansion.
“Today marks an important milestone for Limitless X,” Jas Mathur, CEO of Limitless X, said. “Our mission is to launch products and services which make people look good and feel great. Operating as a public company, we are now able to increase our visibility and exposure within the capital markets, expand our brand recognition, and provide our market opportunity to a wider investor audience. I look forward to this next step of entering the public markets and turning Limitless X into a rapidly growing successful enterprise and globally recognized household brand,” the CEO added.
Limitless X has proven itself as an undisputed front-runner lifestyle agency specializing in a broad spectrum of digital advertising and marketing, mainly in the health, wellness, beauty, and CBD industries. Led by Jas Mathur, an investor, entrepreneur, and venture capitalist, Limitless X has amplified dietary and CBD supplement products, attracting over seven million Instagram followers. Under Jas Mathur’s leadership, Limitless X has generated tens to hundreds of millions of dollars in revenue each year.
Despite now being a subsidiary of the Company, Limitless X will continue to carry Bio Lab Naturals’ ventures and core operations. This includes Prime Time Live, Inc., a CO-based company providing clients with high-resolution mobile LED screens for entertainment, corporate, civic, and sporting events in Denver.
Limitless X is an industry leader in its sphere as it continually provides consumers with innovative products. On a mission to establish itself as a memorable brand and superior among others in its industry, the company is continually finding ways to better serve its market. Its direct-to-consumer model is top-notch. Over the years, Limitless X has formed an A-list network of stars, movie actors, athletes, and many other prominent personalities in their field.
As a subsidiary of the Company, Limitless X aims to expand its global ecosystem and continually push the limits by providing unique products and services in the health and wellness, beauty and skincare, and CBD industries.