Lelantos' Airtopia Buys Tulsa Millwork Firm for $1.9M, Adds 59% Gross-Margin Business
LNTO sits 46% above its 52-week low of $0.002.
Summary
Airtopia Group, Lelantos' operating subsidiary, closed its acquisition of Local Cabinet Company, an Oklahoma millwork and commercial signage fabricator, for $1.9 million in cash and LNTO stock. The target brings 59% year-to-date gross margins and a 9,000-square-foot Tulsa facility. Management sees cross-selling with Airtopia's hospitality services and plans to scale the signage division to $2M+ annual revenue by Year 2. This follows Airtopia's July revenue disclosure of ~$11.96M for 2025 and a construction management agreement signed in August, signaling continued expansion. The deal is modest relative to Lelantos' market cap but adds a profitable, capital-efficient business and retains the founder under a three-year agreement.
At the time of this announcement, LNTO was trading at $0.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $625.6K. The 52-week trading range was $0.00 to $0.26. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.