Branded Legacy, Inc. Board Votes For No Reverse Stock Split
August 19 2022 - 1:00PM
InvestorsHub NewsWire
Board Will Vote to Reduce Authorized Common
Shares
Orlando, FL -- August 19, 2022 -- InvestorsHub NewsWire --
Branded Legacy, Inc. (OTCPK:
BLEG), a holding company focused on the commercial development
of cannabinoid-infused products from CBD topicals and tinctures to
edibles is pleased to announce its Board of Directors held a board
meeting and approved with unanimous consent it will not perform a
reverse stock split for a minimum of Twelve (12) months.
The Company’s Board of Directors also plan to vote on the reduction
of its authorized shares. This proposed reduction will be in the
amount of Three Hundred Million Shares (300,000,000) bringing the
total authorized common shares down to Six Hundred Million
(600,000,000). It expects to have board approval and majority
shareholder approval over the next few weeks.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We are
putting our best foot forward to build confidence in our
shareholders. Reducing the authorized shares as well as refusing to
do a reverse stock split shows our ability to build trust. We want
to add value for everyone and execute on our plans to make Branded
Legacy a multi-million dollar company over the next several
years.”
Branded Legacy’s board resolutions will be posted on OTC Markets
under supplemental information.
About Spikes CBDX: Spikes CBDX is a line
of CBD products designed to assist athletes perform better, recover
faster, and avoid injuries. The Company believes that post workout
recovery, with Spikes CBDX products, can lower inflammation, aid in
making your body stronger, and help recover from injuries
naturally. The CBD line also targets individuals who are looking
for pain relief, better sleep, faster recovery and lowering
inflammation. Spikes CBDX provides tinctures, lotions, moisturizer,
and cryo-gel roll-ons. To view all the Spikes CBDX products please
visit: spikescbdx.com.
About Elev8 Hemp: Elev8 Hemp’s mission is
simple: craft the highest-quality, organic hemp products for
consumers in search of a healthier, happier lifestyle. Everyone
needs to get the proper amount of healthy proteins to keep them
feeling better and more energetic. We source only the best organic
hemp protein powders—naturally full of powerhouse amino acids and
Omegas-3, 6, and 9—so we can infuse your daily coffee and tea with
an abundance of minerals, vitamins, antioxidants, and
fiber. www.elev8hemp.com
About Versatile Industries: Versatile
Industries, LLC is an acquisition company used to incubate
companies to eventually spin off into their own public vehicles.
Currently owns patent for a sports training assembly called The
Quickness. Company also owns Astound NMN. By supplementing NMN
helps maintain NAD+ levels, ultimately slowing the effects of
aging. www.astoundnmn.com
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by the use of the words "may," "will," "should,"
"plans," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing various
engineering and manufacturing programs, changes in customer order
patterns, changes in product mix, continued success in
technological advances and delivering technological innovations,
shortages in components, production delays due to performance
quality issues with outsourced components, and various other
factors beyond the Company's control.
www.brandedlegacy.com
(407) 337-0642
info@brandedlegacy.com
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