BRANDED LEGACY INC - BLEG STOCK NEWS

Branded Legacy (OTCQB: BLEG) announced on Aug. 19, 2022, that its Board of Directors unanimously decided not to conduct a reverse stock split for at least 12 months. Additionally, the board plans to vote on reducing the authorized common shares by 300 million, bringing the total down to 600 million. Chairman Brandon Spikes emphasized building shareholder confidence through these actions, aiming for long-term value creation. The board's resolutions will be available on OTC Markets soon.

Branded Legacy Achieves Current Status on OTC Markets

Branded Legacy, Inc. (OTCQB: BLEG) announced its compliance with OTC Markets, successfully removing its Yield Sign. The company confirms its Current Information status, with all disclosures updated as of June 30, 2022. Chairman Brandon Spikes emphasized their commitment to exceed OTC compliance standards, enhancing shareholder confidence. Additionally, Branded Legacy has canceled 40 million shares in August, reducing total shares to approximately 237 million, supporting a stronger stock position.

Branded Legacy has successfully canceled 202 million common shares in August 2022 to improve its share structure and enhance shareholder value. The company's recent cancellation of 40 million shares brings the issued and outstanding total down to 236,982,816. CEO Jermain Strong expressed optimism about the company's ongoing share buyback program, aiming to further boost shareholder returns. The company specializes in cannabinoid-infused products, targeting health and wellness sectors.

Branded Legacy, Inc. (OTCQB: BLEG) announced the removal of $436,119 in debt from its balance sheet in 2022, reducing liabilities by $112,839 recently. The company's strategic move aims to improve its financial health, making the share structure more attractive to investors and expediting its journey towards cash flow positivity. CEO Jermain Strong expressed optimism about these developments, highlighting the potential for significant growth and added shareholder value.

Branded Legacy, Inc. (BLEG) announced the cancellation of 60 million common shares, reducing its total issued and outstanding shares by 162 million this month. The current total is now at 276,982,816 shares. CEO Jermain Strong highlighted that these measures are aimed at improving the company's share structure and enhancing shareholder value through a share buyback program. The company is also working on further share cancellations as part of its strategic initiatives.

Branded Legacy (OTCQB: BLEG) announced a reduction of 102 million shares, equating to a 23% decrease in its issued and outstanding common shares. This strategic move is aimed at improving the company's capital structure as it focuses on growth and enhancing shareholder value. Currently, the total outstanding shares stand at 336,982,816. The company is also evaluating the possibility of a share buyback program and intends to cancel an additional 80 million shares. These actions align with the company’s goal for financial stability and shareholder benefits.

Branded Legacy, Inc. (OTCQB: BLEG) has finalized an Asset Purchase Agreement with Rimrock Gold Corp. to acquire Astound NMN, a brand known for its NMN supplements aimed at enhancing cellular functionality, energy, and cognitive function. The acquisition, involving the issuance of 33,334 Non-dilutive Preferred Series D shares, aligns with the company's mission to promote natural recovery through health products. The acquisition is expected to enhance Branded Legacy's portfolio, contributing to sustainable growth in the hemp and cannabinoid-infused beverage market.

Branded Legacy, Inc. (OTCQB: BLEG) has signed an updated letter of intent to purchase assets from Kamino Propagation & Research, LLC, shifting from a previous acquisition plan. This strategic move aims to streamline operations from seed to shelf, reducing costs while expanding product development opportunities. The acquisition highlights Branded Legacy's commitment to enhancing shareholder value and positioning itself for significant asset and revenue growth. The company also emphasizes its dedication to quality CBD products through its Spikes CBDX line.

Branded Legacy, Inc. (OTCQB: BLEG) has officially acquired a patent for The Quickness, a sports training assembly from Thomas “Pepper” Johnson. This innovative assembly includes remote targets that provide a more realistic training experience, enhancing athletic performance through dynamic drills. The patent is part of Branded Legacy's strategy to expand into the sports sector via its subsidiary, Versatile Industries, LLC. The company aims to introduce this training equipment to high schools and colleges, with long-term plans for the NFL.