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

Rhea-AI Summary

Branded Legacy, Inc. (OTCQB: BLEG) reported a revenue increase of 1,033%, reaching $80,132 compared to the previous quarter.

The company aims for further growth through potential acquisitions, targeting firms generating over $1.5 million in annual revenue.

Additionally, the acquisition of Total Refinement Solutions is expected to generate a minimum of $25,000 in monthly revenue via a joint venture.

Future shareholder benefits are anticipated from the sale of Elev8 Hemp for 100 million restricted common shares.

Positive

• Revenue increased by 1,033% to $80,132 compared to the previous quarter.
• Potential acquisitions of companies generating over $1.5 million in annual revenue.
• Acquisition of Total Refinement Solutions, expected to add $25,000 in monthly revenue.
• Sale of Elev8 Hemp could result in 100 million restricted shares distributed to shareholders.

Negative

• None.

Company’s Newest Subsidiary Working On New Joint Venture

Orlando, FL , Nov. 16, 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 posted. 

Branded Legacy, Inc. posted $80,132 in revenues, which is an increase of 1,033% as compared to the previous quarter. 

Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We have been growing in all areas. Our recent acquisitions have positioned us to add stronger revenues quarter over quarter. We are currently in communication with two Companies we are looking to acquire. Both of which are doing over 1.5 million in annual revenues. 2023 should be a significant growth year for Branded Legacy.” 

Branded Legacy, Inc.’s recent acquisition of Total Refinement Solutions, LLC (TRS) has added extraction capabilities to its Company. TRS is working to solidify a Joint Venture that would add a minimum of $25,000 per month in revenue for the Company. It is looking to have a signed agreement in the coming weeks. 

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 were the latest revenue figures for Branded Legacy, Inc. (BLEG)?

Branded Legacy, Inc. (BLEG) reported revenues of $80,132, representing a 1,033% increase from the previous quarter.

What is Branded Legacy's future growth strategy?

Branded Legacy is focusing on growth through potential acquisitions of companies that generate over $1.5 million in annual revenues.

How much additional revenue is expected from the Total Refinement Solutions acquisition?

The acquisition of Total Refinement Solutions is expected to contribute a minimum of $25,000 in monthly revenue.

What are the implications of the Elev8 Hemp sale for shareholders?

The sale of Elev8 Hemp is expected to yield 100 million restricted common shares, which will be distributed to shareholders of Branded Legacy.