Branded Legacy, Inc. Eliminates Over 430 Thousand In Debt In 2022
August 12 2022 - 9:15AM
InvestorsHub NewsWire
Company Removes All Promissory Notes
Orlando, FL -- August 12, 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 it negotiated the removal of four
hundred and thirty-six thousand one hundred and nineteen ($436,119)
in debt from its balance sheet in 2022. This past week, the Company
reduced liabilities by one hundred and twelve thousand eight
hundred and thirty-nine ($112,839).
Branded Legacy, Inc. has previously announced the removal of
debt as well as the cancelation of common stock. The Company plans
to continue to reduce its issued an outstanding shares of common
stock as well as reducing its liabilities. This removal of one
hundred and twelve thousand eight hundred and thirty-nine
($112,839) in liabilities helps both the Company and its
shareholders.
Jermain Strong, CEO of Branded Legacy, Inc., concluded, “We are
excited about the progress we have made this week. We really
believe we are positioning Branded Legacy this year for some
significant growth. The share structure is looking more
advantageous for new investors and the elimination of debts will
reduce the time to which it becomes cash flow positive. All of
which will add value to our shareholders.”
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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