NxGen Brands, Inc. Announces Letter of Intent to Acquire Operating Business

Core Points - NxGen Brands, Inc. has signed a Letter of Intent (LOI) to acquire a scalable operating business in a growing industry [3][4] - The target company has a loyal customer base and a unique product offering that has gained attention in retail locations across the US [3] - The CEO expressed optimism about the acquisition, emphasizing its potential to provide value to shareholders and employees [4] Company Direction - NxGen Brands is repositioning itself and will be providing updates on the LOI's progress in the coming weeks [4] - The company has requested stakeholders to disregard past social media posts and news releases, indicating a shift in communication strategy [4] - Current communication is being directed through the company's X account and a new website [4]