Branded Legacy, Inc. Acquires Astound NMN from Rimrock Gold Corp.
Branded Legacy, Inc. (OTCQB: BLEG) has finalized an Asset Purchase Agreement with Rimrock Gold Corp. to acquire Astound NMN, a brand known for its NMN supplements aimed at enhancing cellular functionality, energy, and cognitive function. The acquisition, involving the issuance of 33,334 Non-dilutive Preferred Series D shares, aligns with the company's mission to promote natural recovery through health products. The acquisition is expected to enhance Branded Legacy's portfolio, contributing to sustainable growth in the hemp and cannabinoid-infused beverage market.
- Acquisition of Astound NMN enhances product offerings in the health supplement sector.
- Astound NMN's supplements are designed to optimize energy and metabolic functions, potentially driving sales growth.
- Alignment with Branded Legacy's mission promotes sustainability and natural health, potentially increasing brand value.
- Issuance of 33,334 Non-dilutive Preferred Series D shares could raise concerns about shareholder dilution in the future.
Orlando, FL, July 13, 2022 (GLOBE NEWSWIRE) -- Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of hemp and cannabinoid-infused beverages, along with an array of CBD topicals and tinctures is pleased to announce it has finalized an Asset Purchase Agreement with Rimrock Gold Corp. (OTC Pink: RMRK) to acquire Astound NMN.
Astound NMN is an established brand of NMN supplements. These supplements are designed to increase cellular functionality by optimizing the energy cycle and metabolic function. Its signature NMN formulation has the power to reduce age-related effects, increased energy and cognitive function. In addition, it has the ability to improved digestion, metabolism and cardiac function, immune system support, anti-inflammatory abilities, blood sugar regulation, and much more.
NMN, or nicotinamide mononucleotide, is a molecule naturally occurring in all life forms. It is a vitamin B3 (niacin) derivative, which can also be found in various vegetables, fruits, and meat. In its naturally produced state, NMN is a precursor to NAD+, meaning it becomes NAD+ through a series of chemical transformations. NAD+, or nicotinamide adenine dinucleotide, is a molecule that naturally occurs in all life forms. NAD+ is a coenzyme that converts nutrient energy so that it can be used by cells. The levels of NAD+ in someone's cells determines the speed of their aging process. The molecule acts as a coenzyme in many critical biological processes, including metabolism, aging, cell death, DNA repair, and gene expression.
A recent 60 day study showed the rise in the levels of NAD+/NADH at day 30 by
Brandon Spikes, Chairman of Branded Legacy, Inc., concluded, “This is a great acquisition to add to our portfolio. We are excited to get this product moving. Spikes CBDX is about developing products that promote natural recovery. Astound NMN lines up with our purpose of sustainability and being a well-rounded natural health company”
Under the terms of the Agreement, Branded Legacy will acquire all of the assets of Astound NMN from Rimrock Gold in exchange for the issuance of 33,334 Non-dilutive Preferred Series D shares of Branded Legacy.
About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better, recover faster, and avoid injuries. The Company believes that post workout recovery, with Spikes CBDX products, can lower inflammation, aid in making your body stronger, and help recover from injuries naturally. The CBD line also targets individuals who are looking for pain relief, better sleep, faster recovery and lowering inflammation. Spikes CBDX provides tinctures, lotions, moisturizer, and cryo-gel roll-ons. To view all the Spikes CBDX products please visit: spikescbdx.com.
About Elev8 Hemp: Elev8 Hemp’s mission is simple: craft the highest-quality, organic hemp products for consumers in search of a healthier, happier lifestyle. Everyone needs to get the proper amount of healthy proteins to keep them feeling better and more energetic. We source only the best organic hemp protein powders—naturally full of powerhouse amino acids and Omegas-3, 6, and 9—so we can infuse your daily coffee and tea with an abundance of minerals, vitamins, antioxidants, and fiber. www.elev8hemp.com
About Versatile Industries: Versatile Industries, LLC has a mission to help companies enter the Hemp and CBD markets by leveraging the buying power of multiple companies. In doing this it brings lower costs and minimum order quantities (MOQ) to our customers. The Company believes that reducing the money that gets tied up in inventory allows for increased marketing spend for small business owners. Versatile Industries feels compelled to help businesses enter new markets by limiting the cost of entry while maintaining profitable margins, creating a recipe for long term business partnerships.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
www.brandedlegacy.com
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