Branded Legacy, Inc. Eliminates Over Three Hundred Twenty Thousand in Debt
April 26 2022 - 8:41AM
InvestorsHub NewsWire
Branded Legacy, Inc.
Eliminates Over Three Hundred Twenty Thousand in
Debt
ORLANDO, FL -- April
26, 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 is pleased to announce it has eliminated
three hundred twenty-three thousand two hundred and eighty dollars
($232,280) in debt, reducing the Company’s promissory notes to
fifteen thousand four hundred and seventy dollars
($15,470).
Branded Legacy
Inc.'s management team negotiated with a debt holder to pay off all
its notes in 2021 and several from 2020 by issuing preferred stock
with a one-year vesting period. The Company is working to remove
its remaining liabilities of fifteen thousand four hundred and
seventy dollars ($15,470) which would remove all notes from the
balance sheet.
Brandon White,
President of Branded Legacy, Inc., stated, “I am grateful to
announce the retirement of this debt. The Company is already
showing progression in its revenues, and it feels good to not be
held back by this liability. We are preparing our sales team with a
portfolio of products that will continue to grow Company sales and
continuously improve its cash
flow."
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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