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Branded Legacy, Inc. reports corporate restructuring developments centered on its OTC-traded issuer status, management overhaul, control transition, and capital-structure cleanup.
Recent company updates focus on the retirement of legacy convertible notes, balance-sheet optimization, OTC Markets profile and disclosure updates, and efforts to address the ticker's Yield Sign designation. Earlier releases described subsidiary activity in life sciences, intranasal drug delivery, inhaled naloxone, GMP manufacturing, and wellness-related retail operations before the company's strategic reset and subsidiary divestitures.
Branded Legacy, Inc. (OTCQB: BLEG), is expanding its Spikes CBDX product line with three new Delta 8 products: Pre-Rolls, Disposable Vapes, and Cartridges. Set to launch in early February 2022, these products were selected based on robust market research highlighting strong consumer demand. According to President Brandon White, the sales team has reported significant interest from retail accounts, indicating promising sales potential.
Branded Legacy (OTCQB: BLEG) has announced the appointment of three new regional managers to boost its sales and revenue initiatives in South Florida, North Florida, and Michigan. The company is also expanding its retail presence with a new account at Happy Buds, a Black-owned health and wellness store in Brooklyn, NY, which has ordered 4 SKUs. Additionally, the firm is exploring new product offerings beyond its existing CBD-infused iced teas. President Brandon White emphasizes a strong focus on growth and upcoming developments for 2022.
Branded Legacy, Inc. (OTCQB: BLEG) announces a significant operational overhaul under new management aimed at boosting productivity and sales. December 2021 sales doubled compared to December 2020, showcasing the impact of the new executive leadership. The company plans to launch new products for Spikes CBDX and Elev8 Hemp in Q1 2022, driven by market demand. Vice President Matthew Nichols expresses optimism for 2022, attributing success to the focused efforts of the executive team. The company has relocated its corporate office to Orlando, FL.
Branded Legacy has appointed Brandon White as President, aiming to enhance its executive team. White brings over 15 years of experience in sales and business development, having previously worked with Fortune 50 companies. His achievements include increasing company revenues from $430,000 to over $12 million in under 30 months. Both White and Vice President Matthew Nichols express optimism about 2022, citing immediate operational efficiencies and potential market success with their hemp-infused products.
Branded Legacy (OTCQB: BLEG) has announced the onboarding of four new sales representatives to boost its market presence in three territories: Gainesville, South Florida, and the San Francisco Bay area. The company's efforts have attracted interest from 28 new potential accounts for its Spikes CBDX and Elev8 Hemp products, anticipating average orders of $500 per location. This strategic expansion aims to increase revenues significantly in the evolving CBD market.
Branded Legacy (OTCQB: BLEG) will participate in the 2021 Florida Cannabis Festival on November 6-7, 2021, at booth 293. Chairman Brandon Spikes will promote the company’s brands, Spikes CBDX and Elev8 Hemp, offering samples of their CBD beverages. The festival, expanding from a one-day to a two-day event due to industry growth, serves as a significant marketing effort. Recently, the company reported successful sales of its Delta 8 products and is positioned for further expansion in Florida.
Branded Legacy, Inc. (OTCQB: BLEG) announces the successful sell-out of its Delta 8 Gummies, reflecting strong consumer demand in Central Florida. The company plans to expand its sales team and Delta 8 product offerings. Spikes CBDX, the company’s product line, is gaining traction with new stores adding its products. Additionally, the recently opened Spikes Kava Bar has seen significant customer traffic. The company’s executives express optimism regarding growth, highlighting new hiring initiatives to support their expanding market presence.
Branded Legacy, Inc. (OTCQB: BLEG) has signed a licensing agreement to use the name “Spikes” for a new kava bar inside Sacred Leaf Shops in Gainesville, FL. Chairman Brandon Spikes agreed to this in exchange for an exclusive supply deal for Spikes CBDX and Elev8 Hemp products. The kava bar aims to provide a calming experience with kava, a plant extract known for its euphoric effects. This venture may lead to franchise opportunities and increased revenue for Branded Legacy, as stated by the Company's Vice President, Matthew Nichols.
Branded Legacy, Inc. (OTCQB: BLEG) announced a significant expansion of its Spikes CBDX product line across Florida. The company reported a remarkable 80% increase in revenues over the previous quarter, attributed to leveraging Chairman Brandon Spikes' sports credibility. Spikes is set to be inducted into the University of Florida Hall of Fame, enhancing brand visibility. The Vice President stated expectations for further sales growth as they approach the fourth quarter. The Spikes CBDX line targets athletes and individuals seeking pain relief and better recovery.
Branded Legacy, Inc. (OTCQB: BLEG) has announced a distribution partnership with Sacred Leaf Shops to expand the Spikes CBDX brand in Gainesville, FL. The recent addition of new Delta 8 products is expected to enhance opportunities for the company. Sacred Leaf aims to serve as a hub for Spikes CBDX products in the region. The partnership builds on earlier wholesale dealings and plans for a promotional launch party coinciding with Brandon Spikes' Hall of Fame induction, emphasizing natural recovery and pain relief benefits of Spikes CBDX offerings.