Branded Legacy, Inc. Signs Letter of Intent to Acquire Kamino Propagation & Research, LLC
April 06 2022 - 11:03AM
InvestorsHub NewsWire
Branded Legacy, Inc.
Signs Letter of Intent to Acquire Kamino Propagation &
Research, LLC
Orlando, FL -- April 6, 2022 -- InvestorsHub NewsWire -- Branded
Legacy, Inc. (
OTCQB:
BLEG), a holding company focused on the commercial development
of hemp and cannabinoid-infused beverages, along with an array of
CBD topicals and tinctures completes a letter of intent to acquire
Kamino Propagation & Research, LLC.
Branded Legacy, Inc. signed a letter of intent to acquire Kamino
Propagation & Research, LLC on Wednesday of this week. Kamino
Propagation & Research is located in Newberry, FL and owned by
military veterans Maxwell Minch and Joel Reynolds,. The potentially
acquired Kamino is in the business of growing, farming, harvesting
and selling industrial hemp. The Company signs its second LOI in
the last few weeks in effort to strengthen its ability to develop
new and innovative products at lower costs in an extremely fluid
industry.
Branded Legacy, Inc. toured Kamino’s farm a few weeks ago, and
an acquisition opportunity was discussed to the long-term benefit
of both companies. While at the farm, both companies discussed how
a potential acquisition creates opportunity for Branded Legacy to
own everything from seed to shelf, controlling the total process
while reducing costs. This in turn would allow Kamino to focus on
the growing, farming and harvesting of the industrial hemp while
Branded Legacy has the salesforce and network to increase sales.
Additionally, the plants grown by Kamino opens more opportunity for
the development of new products not currently in the lineup.
Branded Legacy’s Vice President, Matthew Nichols, stated, “We
are continuing our advancement to make 2022 a cornerstone year. The
Company is positioning itself to have more production and
development opportunities as these potential acquisitions are
finalizes. Acquiring a company like Kamino opens so many
opportunities for new product growth and Company growth.”
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 has a mission to help companies enter the Hemp and
CBD markets by leveraging the buying power of multiple companies.
In doing this it brings lower costs and minimum order quantities
(MOQ) to our customers. The Company believes that reducing the
money that gets tied up in inventory allows for increased marketing
spend for small business owners. Versatile Industries feels
compelled to help businesses enter new markets by limiting the cost
of entry while maintaining profitable margins, creating a recipe
for long term business partnerships.
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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