Branded Legacy, Inc. Increases Revenues by Over 1,000%

Rhea-AI Summary

Branded Legacy, Inc. (BLEG) announced its highest monthly revenue to date, exceeding $75,000 in September 2022. The company's growth is attributed to recent acquisitions including Alpha Growers and Magic 1 Promotions, which are expected to enhance revenue streams and facilitate vertical integration in the cannabis industry. The company also received shareholder consent to reduce its authorized shares to 600 million, aiming to improve shareholder value. Further financial details will be revealed in their upcoming quarterly report.

Positive

• September revenues exceed $75,000, marking the highest month to date.
• Recent acquisitions of Alpha Growers and Magic 1 Promotions are driving revenue growth.
• Shareholder consent received for reducing authorized shares to 600 million.

Negative

• None.

Company Has Highest Month of Revenues to Date

Orlando, FL, Oct. 12, 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 September revenues of over Seventy-Five Thousand Dollars ($75,000). 

September has marked the Company’s highest revenues to date. Branded Legacy is in the process of finalizing its third quarter numbers but currently the revenues for the month of September are north of $75,000. The Company attributes much of its revenue growth to its recent acquisitions. Its newest acquisition of Alpha Growers is heading the company in the direction of being fully vertically integrated in the cannabis industry. Its revenues will be added to the Company’s disclosure in the fourth quarter. 

Branded Legacy’s acquisition of Magic 1 Promotions, LLC has played a significant role in the increase in revenues. Magic 1 Promotions markets Water Purification & Solar Energy throughout central Florida. The Company previously noted that Magic 1 Promotions was acquired under Versatile Industries to bring public while it finds a viable public vehicle to spin them off into their own entity. This transaction would result in a dividend paid to Branded Legacy shareholders. 

Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We are going to continue to acquire companies as part of our business model. We all are very happy with the growth we have been seeing and looking forward to finalizing our next acquisition of an extraction company.” 

Branded Legacy, Inc. received majority shareholder consent and board approval for the reduction in its authorized shares. The reduction will bring the Authorized Common Shares down to Six Hundred Million (600,000,000). 

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 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 number 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 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