Branded Legacy, Inc. Acquires Total Refinement Solutions, LLC

Rhea-AI Summary

Branded Legacy, Inc. (BLEG) has announced the acquisition of Total Refinement Solutions, LLC (TRS), aimed at enhancing its production capabilities in the cannabis sector. TRS's management boasts over ten years of experience in lab operations which will help Branded Legacy increase monthly revenue by at least $25,000. The company anticipates reaching a million-dollar revenue milestone in 2023 following this acquisition. Additionally, Branded Legacy recently sold Elev8 Hemp, LLC for 100 million shares, further strengthening its financial position.

Positive

• Acquisition of Total Refinement Solutions expected to boost production capabilities.
• Projected revenue increase of at least $25,000 monthly.
• On track to achieve first million-dollar revenue year in 2023.
• Recent sale of Elev8 Hemp, LLC for 100 million restricted shares enhances financial liquidity.

Negative

• None.

Company expects to increase monthly revenue by at least $25,000

Charlotte, NC, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of cannabinoid-infused products from CBD topicals and tinctures to edibles is pleased to announce it has acquired Total Refinement Solutions, LLC (TRS). 

Total Refinement Solutions LLC is a newly formed limited liability company based on years of experience in the cannabis industry, training growers how to compete in the highly demanding industry. TRS’s management team has over ten years of experience designing, constructing and managing in house lab operations for actors within the industry that lacked those capabilities. They have designed multiple lab space options to fit various throughputs of raw hemp, crude hemp oil, raw kratom leaf and crude mitragynine extract.  Total Refinement Solutions has developed no less than four potential standard operating procedures for extraction, refinement and synthesis of any given target alkaloid.  It has secured inputs of raw plant material, crude extracts for refinement and a demand for the output.  The Company currently has operational labware as assets. 

Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We have been talking about owning all means to production and this puts us one step closer. TRS will eventually purchase equipment to expand into manufacturing. We are very excited to be moving forward with Total Refinement Solutions and their management team. There are already agreements that could add over $25,000 a month in revenue for Branded Legacy. With current projections, the Company is on path to see its first million-dollar year in 2023.” 

In a previous news release, the company announced that it had sold Elev8 Hemp, LLC to another publicly traded company for One Hundred Million (100,000,000) restricted common shares. Those shares will be distributed to shareholders of Branded Legacy as of the record date which has yet to be determined.

About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better and recover faster. 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 Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles. Currently owns patent for a sports training assembly called The Quickness, a solar and water treatment company Magic 1 Promotions h2oandsolarsolutions.com, LLC and Astound NMN. By supplementing NMN it helps maintain NAD+ levels, ultimately slowing the effects of aging. www.astoundnmn.com
 
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
(407) 337-0642
info@brandedlegacy.com

 

 

 

FAQ

What is the strategic importance of Branded Legacy's acquisition of Total Refinement Solutions?

The acquisition is expected to enhance Branded Legacy's production capabilities in the cannabis industry, potentially increasing revenue significantly.

How much additional revenue is Branded Legacy expecting from the acquisition?

Branded Legacy expects to increase its monthly revenue by at least $25,000 following the acquisition.

What is Branded Legacy's revenue projection for 2023?

The company is on track to achieve its first million-dollar revenue year in 2023.

What was the outcome of Branded Legacy's sale of Elev8 Hemp, LLC?

Branded Legacy sold Elev8 Hemp, LLC for 100 million restricted shares, which will be distributed to shareholders.