Branded Legacy, Inc. Grows Sales Team

Rhea-AI Summary

Branded Legacy (OTCQB: BLEG) has announced the onboarding of four new sales representatives to boost its market presence in three territories: Gainesville, South Florida, and the San Francisco Bay area. The company's efforts have attracted interest from 28 new potential accounts for its Spikes CBDX and Elev8 Hemp products, anticipating average orders of $500 per location. This strategic expansion aims to increase revenues significantly in the evolving CBD market.

Positive

• Onboarding of four new sales executives to enhance market penetration.
• 28 new potential accounts interested in carrying products.
• Expected revenue increase with average orders of $500 per location.

Negative

• None.

Company To Add Nearly 30 New Brick and Mortar Customers

Longwood, FL, Nov. 08, 2021 (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 onboards four new sales reps this week.

Following the induction of Chairman of the Board, Brandon Spikes, into the University of Florida Hall of Fame, Branded Legacy filled four new sales executive roles in an effort to expand sales in 3 different territories. Two sales executives are working in the Gainesville and surrounding area, one is in South Florida, and one is in the San Francisco Bay area. All of which have sales experience and industry specific knowledge. In the first week, 28 new potential accounts have shown interest in carrying Spikes CBDX and Elev8 Hemp products.

This has proven to be helpful to stay current with the trends in the everchanging CBD and hemp world. Within a few short days the Company’s new sales team has close to thirty new locations ready to start carrying Spikes CBDX and Elev8 Hemp products. With the average order being around five hundred dollars per location, Branded Legacy, Inc. is expecting revenues to increase quickly.

Vice President of Branded Legacy, Inc., Matthew Nichols, stated, “after speaking with all of these prospects, it became clear to me that these were the right people for the job. They are all excited about the opportunity to help the company grow revenues, earn commissions and be a part of something great.”

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
(407)337-0642
info@brandedlegacy.com
 

FAQ

What new developments has Branded Legacy (BLEG) announced?

Branded Legacy announced the onboarding of four new sales representatives and has attracted interest from 28 new accounts for its products.

Which areas is Branded Legacy targeting for new sales?

The company is targeting Gainesville, South Florida, and the San Francisco Bay area.

What is the expected revenue from new accounts for Branded Legacy (BLEG)?

Branded Legacy expects an average order of about $500 per new account, which could lead to significant revenue growth.