Branded Legacy, Inc. Reports 78% Revenue Growth

Rhea-AI Summary

Branded Legacy, Inc. (OTCQB: BLEG) reported a significant 78% increase in sales for January and February 2022 compared to the previous two months. February 2022 sales were the highest in four months, showing a further growth of 39% over January. The company's sales team is actively expanding its customer base, focusing on key markets like Orlando and South Florida. Vice President Matthew Nichols highlighted ongoing discussions with potential distributors, which could enhance product offerings and drive sales growth. The company aims for continued revenue expansion.

Positive

• 78% sales growth in January and February 2022 over November and December 2021.
• February 2022 sales were highest in four months, up 39% from January.
• Active expansion of the customer base in targeted markets, indicating strong market engagement.

Negative

• None.

February Sales Highest in 4 Months

Orlando, FL, March 09, 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 announces a 78% growth in sales over November and December 2021 sales.

Branded Legacy reports January and February 2022 sales grew 78% over the previous two months - November and December 2021. February 2022 sales have been the highest of the 4 months with a 39% growth over January 2022 numbers. These trends are the result of the Company’s sales team aggressively expanding its customer base.

The Company continues to make strides in revenue growth, new accounts and reorders. The sales team is making progress daily in the target markets of Orlando, South Florida and Gainesville.

Vice President of Branded Legacy, Matthew Nichols, states, “Every day, something new and exciting is happening. We are having meetings with potential distributors, wholesalers, and vendors that could lead to opportunities for new products, lower costs, and more sales. We are following our plan and anticipate a pop in growth very soon.”

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 were Branded Legacy's sales growth figures for February 2022?

Branded Legacy reported a 78% sales growth in January and February 2022 compared to November and December 2021, with February sales being the highest of the last four months.

How much did sales increase from January 2022 to February 2022 for BLEG?

Sales grew by 39% from January 2022 to February 2022.

Which markets is Branded Legacy focusing on for sales growth?

Branded Legacy is focusing on expanding its customer base in Orlando, South Florida, and Gainesville.

What strategy is Branded Legacy using to drive sales growth?

The company’s sales team is aggressively expanding its customer base and engaging with potential distributors and wholesalers.