Mergers & Acquisitions ·
Twinlab Consolidated Holdings' subsidiaries executed an assignment for the benefit of creditors to liquidate assets…
TLCCTwinlab Consolidated Holdings, Inc.
Twinlab Consolidated Holdings' subsidiaries executed an assignment for the benefit of creditors to liquidate assets held in trust. The parent company entered into a definitive Asset Purchase Agreement with cbdMD, Inc., selling specified intellectual property and operating assets for $3,979,805, consisting of assumed secured debt and stock issuance. This transaction allows cbdMD to acquire legacy supplement brands including Twinlab, Reserveage, Metabolife, and Alvita Tea. The company deconsolidated these subsidiaries and recorded a full impairment charge on August 21, 2026. Following the assignment, the parent company has no operating business and may become a shell company while providing transition services to cbdMD. Twinlab Consolidated Holdings operates in the nutritional supplements and consumer wellness industry.