Acquisition Will Add Over $450,000 in Revenue
Orlando, FL -- September 8, 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 has finalized the acquisition of
Magic 1 Promotions, LLC, a Solar and Water Purification
Company.
Magic 1 Promotions, LLC runs http://www.H2OandSolarSolutions.com
and
markets Water Purification & Solar Energy throughout central
Florida. H2O and Solar Solutions aims to deliver the best solutions
possible for Water Purification and Solar Energy without any
hassle. They provide free quotations and free home testing for
residences and workplaces
to
meet the growing demand for water purification systems and clean
energy solutions.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, "We had
previously announced our plans with Versatile Industries as an
incubator to bring companies public and spin them off into their
own entities. These new entities would result in dividends paid out
to our shareholders. We are grateful now to be in the clean energy
space and we believe this acquisition is a huge value add
to
Branded Legacy and its shareholders."
This acquisition will be held under Branded Legacy's wholly owned
subsidiary, Versatile Industries, LLC. Magic 1 Promotions has done
over $320,000 in revenues in the first eight months of 2022. Still
in its infancy stages, Magic 1 Promotions runs cash flow positive
and is actively looking to expand its sales force. Magic 1
Promotions is focused on expanding its sales team and plans to be
over One Million Dollars ($1,000,000) in revenue in
2023.
Spikes concluded, "This will be the first Company to utilize
Versatile Industries as an incubator. Branded Legacy plans to
eventually find the right publicly traded company to sell all the
membership interest to. When a transaction like this occurs, we
plan to have our shareholders receive a dividend from the shares of
the purchasing company used to purchase Magic 1 Promotions.
Furthermore, this should help Magic 1 Promotions to obtain the
funding necessary for its projected 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 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