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Branded Legacy, Inc. (OTC: BLEG) is a diversified holdings company operating in the biotech sector. With a focus on innovation, the company specializes in developing cutting-edge products ranging from wellness to digital solutions. The recent achievements include strategic acquisitions and white label agreements, positioning them as a market leader in wellness-centric products.
One significant accomplishment is the collaboration with Kava & Hobbs, LLC, for white label vaping products, showcasing their commitment to holistic wellness solutions. The company also expanded its Everglade line of cannabis products, reinforcing its reputation for tailored cannabis solutions for Surge Distribution Co. Additionally, the acquisition of Sycamore BioPharma, Inc., and other strategic partnerships have significantly increased revenue and assets.
Branded Legacy's net income for 2023 showed remarkable growth, accompanied by the signing of multiple white label contracts, projecting strong revenue prospects for the future. The company's focus on biotechnological advancement and strategic expansions ensures a trajectory of growth and innovation, exemplified by recent partnerships with celebrity tattoo artist Kat Tat and exclusive extraction deals with Botany Evolution LLC.
Branded Legacy (OTCQB: BLEG) has completed the sale of Magic 1 Promotions to Strategic Management & Opportunity Corp (OTC: SMPP) for $1 million, involving 100 million restricted shares and cash. This strategic divestment aims to enhance shareholder value by allowing Branded Legacy to focus on its core business of cannabinoid-infused products. Following the sale, Branded Legacy plans to issue dividends from the acquired shares, potentially supporting Magic 1 Promotions' growth. The authorized shares are set to increase to 600 million.
Branded Legacy has acquired ReelSkinz, an outdoor apparel company, marking its third acquisition in 60 days. The acquisition is expected to generate nearly $1 million in annual revenues, enhancing shareholder value. Chairman Brandon Spikes expressed enthusiasm about collaborating with ReelSkinz to develop new apparel for its subsidiaries. ReelSkinz, founded in 2011, specializes in stylish and protective outdoor clothing, incorporating UPF +50 material for UV protection. This acquisition aligns with Branded Legacy's strategy to expand its product offerings in the cannabinoid-infused market.
Branded Legacy Inc. (OTCQB: BLEG) has entered a joint venture with Apple Rush Co., Inc. (OTC Pink: APRU) to enhance the extraction and purification processes for Kratom and its minor alkaloids. This partnership follows Branded Legacy's acquisition of Total Refinement Solutions (TRS), aimed at boosting its production capabilities. The initiative is expected to open doors for new white label opportunities and revenue streams. Additionally, Branded Legacy previously sold Elev8 Hemp, LLC to Apple Rush for 100 million restricted shares, which will benefit its shareholders.
Branded Legacy, Inc. (OTCQB: BLEG), a company specializing in cannabinoid-infused products, has received approval from Utah to reduce its Authorized Common Shares to 600 million. Chairman Brandon Spikes highlighted this move as a strategy to foster shareholder confidence. The company is also in discussions for acquisitions and is finalizing a joint venture expected to increase revenues by $300,000. Additionally, Branded Legacy previously announced the sale of Elev8 Hemp, LLC, resulting in 100 million restricted common shares for its shareholders.
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.
Branded Legacy, Inc. (BLEG) has announced the acquisition of Total Refinement Solutions, LLC (TRS), aimed at enhancing its production capabilities in the cannabis sector. TRS's management boasts over ten years of experience in lab operations which will help Branded Legacy increase monthly revenue by at least $25,000. The company anticipates reaching a million-dollar revenue milestone in 2023 following this acquisition. Additionally, Branded Legacy recently sold Elev8 Hemp, LLC for 100 million shares, further strengthening its financial position.
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.
Branded Legacy, Inc. (OTCQB: BLEG) has successfully sold Elev8 Hemp, LLC to Apple Rush Co., Inc. (OTC Pink: APRU) for 100 million restricted shares. This strategic divestment allows Branded Legacy to focus on its core business in cannabinoid-infused products. Shareholders will benefit as their equity stake will include shares from this transaction, the details of which are pending based on a record date yet to be established. The chairman expressed optimism about enhancing shareholder value by concentrating on key assets.
Branded Legacy, Inc. (BLEG) held its inaugural open house at the newly acquired Alpha Growers facility in Newberry, FL, on October 21, 2022. The event showcased the company's operations from seed to product, highlighting its vertical integration in the cannabis industry. The company reported over $75,000 in revenues for September, attributed largely to recent acquisitions. Alpha Growers will contribute to expanding product lines with plans for pre-rolls in CBD and Delta-8. The fourth-quarter disclosure will include revenues from this acquisition, further solidifying the company's growth trajectory.
Branded Legacy, Inc. (OTCQB: BLEG) has signed a letter of intent to sell Elev8 Hemp, LLC to Apple Rush Co., Inc. (OTC Pink: APRU), resulting in a dividend for current shareholders. The transaction is subject to due diligence within 30 business days. Elev8 Hemp specializes in hemp and CBD-infused coffees and teas, founded in 2016. The CEO of Apple Rush anticipates expanding the brand's offerings. The company is also hosting an open house on October 21, 2022, at its newly acquired hemp farm.
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