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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, 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.
Branded Legacy, Inc. (BLEG) announces the acquisition of Alpha Growers, LLC, a hemp farm based in Newberry, FL, which boasts $320,000 in assets. This acquisition aims to establish vertical integration across the hemp and CBD product supply chain. Chairman Brandon Spikes highlighted expectations for significant revenue increases in Q4 2022 and throughout 2023. The company has also reduced its authorized shares to 600 million, aiming to enhance shareholder value and position for potential uplisting.
Branded Legacy, Inc. (OTCQB: BLEG) has partnered with Living Kitchen in Charlotte, NC, to incorporate its CBD products into the restaurant's organic offerings. Living Kitchen, known for its 100% organic, plant-based cuisine, emphasizes local sourcing. The company's chairman, Brandon Spikes, expressed enthusiasm for this collaboration, highlighting its community focus. Additionally, Branded Legacy has secured majority shareholder consent to reduce its authorized shares to 600 million, a move aimed at streamlining operations and potential shareholder value.
Branded Legacy, Inc. (OTCQB: BLEG) has received approval to reduce its authorized shares by 300 million, decreasing the total to 600 million. This decision was supported by majority shareholder consent and board approval. In 2022, the company has lowered its liabilities by $436,119 and reduced its issued and outstanding shares by 202 million in August. The company aims to improve its share structure and enhance shareholder value. Chairman Brandon Spikes expressed satisfaction with the company’s progress and commitment to shareholder success.
Branded Legacy Launches New Delta-8 Tincture
Orlando, FL, Sept. 22, 2022 - Branded Legacy, Inc. (OTCQB: BLEG) has partnered with Apple Rush Company, Inc. (OTC Pink: APRU) to introduce Delta-8 tinctures under the Spikes CBDX brand. This collaboration aims to leverage Apple Rush's expertise in water-soluble technology and extensive product development experience. Both companies expressed optimism about their partnership, highlighting the potential for future collaborations and product offerings in the rapidly growing cannabinoid market.
Branded Legacy, Inc. (OTCQB: BLEG) has relocated its corporate headquarters to Charlotte, North Carolina, effective September 1, 2022. The new address is 227 W 4th Street, Unit 108, Charlotte, NC 28202. This move is significant for the company's growth, particularly with its leadership residing in the area. The company reports strong demand for its cannabinoid-infused products, having sold through its latest inventory of gummies and planning to expand flavors and product lines, including disposable vapes.
Branded Legacy, Inc. (OTCQB: BLEG) has successfully sold its current inventory of Delta 8 Gummies, seeing increased demand and larger reorder volumes. Sales have surged as the company expands into North Carolina retail locations. To meet demand, Branded Legacy will produce larger quantities of gummies and is planning to introduce additional flavors and disposable vapes. Confidence in the Spikes CBDX brand continues to grow among customers, boosting future growth prospects.
Branded Legacy, Inc. (OTCQB: BLEG) has completed the acquisition of Magic 1 Promotions, LLC, a company focused on solar energy and water purification. This strategic move is expected to boost revenue by over $450,000 and aligns with Branded Legacy's expansion into clean energy. Magic 1 Promotions generated approximately $320,000 in revenue in the first eight months of 2022 and aims to exceed $1,000,000 in 2023. The acquisition will be integrated under the wholly-owned subsidiary, Versatile Industries, LLC, enhancing shareholder value through future dividends.
Branded Legacy, Inc. (OTCQB: BLEG) announced a letter of intent to acquire Magic 1 Promotions, LLC, a company specializing in solar and water purification solutions. This acquisition is expected to add approximately $250,000 in revenue to Branded Legacy. Currently cash flow positive, Magic 1 Promotions aims to achieve over $1,000,000 in revenue within the next year. The acquisition will be executed through Branded Legacy's subsidiary, Versatile Industries, LLC, as part of a strategy to expand into the clean energy sector.
Branded Legacy, Inc. (OTCQB: BLEG) has announced its partnership with Treezee Smoke Shop and CBD Marketplace, set to launch soon. This collaboration is aimed at enhancing exposure for Branded Legacy's cannabinoid-infused products, including CBD topicals and edibles. The partnership enables fast, reliable shipping from licensed CBD businesses. Additionally, the company has hired two new sales representatives in North Carolina and Michigan to boost sales efforts. Chairman Brandon Spikes expressed optimism about reaching new audiences and achieving significant traction for shareholders.
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