Branded Legacy Inc Stock Price, News & Analysis

Branded Legacy, Inc. (OTC: BLEG) has successfully reduced its share float by 17,520,000 shares through negotiations, benefiting shareholders. The chairman, Brandon Spikes, indicated this is part of a larger strategy, having previously reduced the total outstanding shares by 179,520,000 and total liabilities by $436,119. The company has also lowered its authorized shares to 600 million. Additionally, BLEG aims to enhance its brand portfolio following the acquisition of ReelSkinz, an outdoor apparel brand.

Branded Legacy (OTCQB: BLEG) has announced a significant sale of its products: The Quickness and Astound NMN to Consumer Automotive Finance (OTC: CAFI) for $100,000. In exchange, CAFI is issuing 30 million restricted shares (20 million for The Quickness and 10 million for Astound NMN). This deal is part of Branded Legacy's strategy to enhance shareholder value following the successful spin-off of subsidiaries. The company plans to update its authorized shares to 600 million. The developments indicate a focused approach to maximize value for shareholders.

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.