Branded Legacy Expands Facility to 11,000 Sqft, Extends LOI for Acquisition of The Alcannabist LLC
- Expansion enables increased production capabilities and support services
- Acquisition promises growth and product diversification
- Equipment upgrades ensure higher production output and superior quality
- None.
Branded Legacy Expands Facility to 11,000 Sqft, Extends LOI for Acquisition of The Alcannabist LLC
Acquisition & more space to revolutionize Alkaloid Research and Natural Medicine offerings to the wellness community
Melbourne, FL -- October 3, 2023 -- InvestorsHub NewsWire -- Branded Legacy, Inc (OTC.PK: BLEG), Branded Legacy Inc., a leading name in the biotech industry, takes a giant leap forward with a substantial expansion of its Melbourne, Florida facility to nearly 11,000 square feet. This expansion is a testament to Branded Legacy's commitment to innovation, quality, and customer satisfaction. It will enable the company to significantly enhance its production capabilities, offer expanded services, and accommodate new opportunities.
Facility Expansion Summary:
Branded Legacy has increased its facility space from 5000 sqft to nearly 11,000 sqft. This expansion encompasses 2500 square feet for offices and an additional 3450 square feet designated for lab and warehouse space. The expansion strategically positions Branded Legacy for a brighter future by enabling in-house operational cost efficiency for subsidiaries, scaling support for clients, and facilitating increased throughput.
The new office spaces will serve a purpose: supporting Branded Legacy's growing operational needs, and allowing the addition of a dedicated B2B networking and business development team. This approach aligns with Branded Legacy's vision of fostering a collaborative and innovative ecosystem.
The lab and warehouse space will play a pivotal role in expanding the company's support services for processing, refinement, and packaging of products. This expansion enables Branded Legacy to meet the demands of both subsidiaries and clients effectively. With increased capacity, Branded Legacy is poised to supply at a larger scale and provide an elevated level of service.
Letter of Intent for Acquisition of The Alcannabist LLC:
Branded Legacy is excited to announce the extension of a Letter of Intent (LOI) for the acquisition of The Alcannabist LLC, a move that promises to expand the company's reach and offerings in the wellness industry. This strategic decision aligns with Branded Legacy's mission to revolutionize the biotechnology landscape while creating a profound impact on healthcare and natural medicine. The Alcannabist is a growing name in the cannabis and wellness sectors, and this acquisition will open up new avenues for growth, product diversification, and increased market presence.
The recent supply and equipment purchases housed within the expanded facility encompass entirely new equipment for mycology research, alkaloid refinement, and raw material processing. These acquisitions not only bolster production capabilities but also lay the foundation for cleaner product lines and higher-quality filtration and refinement processes.
The equipment upgrades will ensure higher production output, cleaner products, and superior quality. Branded Legacy anticipates not only an enhancement in product quality but also a significant increase in output capacity to cater to national and international demands.
Branded Legacy remains committed to providing best-in-class products and services that advance alkaloid research and natural medicines. This expansion represents a pivotal step towards realizing this commitment to the wellness community by harnessing "traditional ecological knowledge" to expand the horizons of biotechnology and natural medicine research.
As Branded Legacy continues to push the boundaries of innovation, this facility expansion marks a significant milestone in its journey towards excellence.
About Branded Legacy Inc.:
Branded Legacy Inc. is a forward-thinking biotechnology company dedicated to driving innovation in plant-derived medicines and biotechnological breakthroughs. The company's strategic partnerships and milestone achievements highlight its commitment to transforming patient care and contributing to the advancement of healthcare solutions.
About The Alcannabist
The Alcannabist is a rapidly growing company dedicated to serving the health and wellness community with a range of products, including CBD tinctures, vapes, topical offerings, and more. This potential acquisition by Branded Legacy reflects a strategic effort to enhance product diversity and expand market reach in the hemp/cannabis and wellness sector.
Media Contact
Joe Holladay
Branded Legacy
Phone: 321-345-3565
Email: info@brandedlegacy.com
Website: https://brandedlegacy.com/
Safe Harbor Statement on Forward-Looking Language:
This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Dilution, if any, would be for the purposes of management taking stock in lieu of cash salary. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, this press release that is not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.
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