Core Viewpoint - Golden Triangle Ventures, Inc. has agreed to acquire 100% ownership of the Go Fast Sports brand, marking its entry into the functional beverage market and signaling a strategic shift under new leadership [1][3]. Group 1: Acquisition Details - The acquisition includes all assets, trademarks, inventory, and related rights of Go Fast Sports [1]. - Incoming CEO Javier Leal contributed 720 million of his personal LTNC shares as a gift to GTVH shareholders, emphasizing his commitment to the company's long-term growth [2]. Group 2: Brand and Market Potential - Go Fast Sports, founded in 1996, is recognized as a lifestyle-driven energy brand with a strong presence in extreme sports and motorsports, providing a solid foundation for future growth [3][4]. - The energy and functional beverage category is experiencing significant growth, contributing billions in annual revenue and creating opportunities for established brands to expand their market share [4]. Group 3: Strategic Vision - The acquisition of Go Fast Sports will serve as the cornerstone of GTVH's Beverages & Health division, which is one of three business verticals, alongside Construction & Infrastructure and Manufacturing & Distribution [4]. - The company aims to build revenue-generating businesses that create long-term value for shareholders, with a focus on swift execution and expansion into multiple industries [5].
Golden Triangle Ventures Inc. Sparks Multi-Industry Growth Plan with Go Fast Sports Acquisition
Globenewswire·2025-08-13 12:30