Functional Brands signs LOI to acquire BullionFX's gold-backed blockchain platform for ~$142.9M in stock

Functional Brands Inc.

All-stock transaction valued at approximately $142.9 million for BullionFX's Alchemy platform and IP.
Alchemy enables on-chain settlement backed by auditable physical gold reserves.
Acquisition marks expansion from wellness/telehealth into blockchain financial infrastructure.
Transaction remains subject to due diligence and final definitive agreement.
Management cites risks: regulatory uncertainty, technological complexity, market volatility.

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