Branded Legacy, Inc. Signs Letter Of Intent to Purchase Total Refinement Solutions, LLC
Branded Legacy, Inc. (OTCQB: BLEG) announced the signing of a Letter of Intent to acquire Total Refinement Solutions, LLC, marking a significant step towards vertical integration in the cannabinoid product market. Total Refinement Solutions aims to enhance production capabilities with a focus on extraction and refinement processes. This acquisition aligns with Branded Legacy's strategy to control production means for better quality and pricing. Recently, the company sold Elev8 Hemp, LLC, resulting in a substantial influx of restricted common shares for its shareholders, details of which are pending.
- Signing a Letter of Intent to acquire Total Refinement Solutions enhances vertical integration.
- Acquisition aims to improve production capabilities in the cannabinoid sector.
- Recent sale of Elev8 Hemp will provide shareholders with 100 million restricted common shares.
- None.
Company Seeks to Own Means to Production
Charlotte, NC, Nov. 04, 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 signed a Letter of Intent (LOI) to purchase Total Refinement Solutions, LLC.
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. Management team has over ten years’ 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, “This letter of intent puts us one step closer to full vertical integration. In today’s market, we must own all means to production in order to bring the highest quality product, at the most competitive price, in a timely yet efficient manner. We are very excited to move forward with Total Refinement Solutions and their management team.”
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 share 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 acquisition did Branded Legacy announce on November 4, 2022?
How will the acquisition of Total Refinement Solutions affect Branded Legacy's production?
What recent financial move did Branded Legacy make before the acquisition announcement?
What is the stock symbol for Branded Legacy?
