Branded Legacy, Inc. Gets Approval From State to Reduce Authorized Common Shares by 300 Million
November 22 2022 - 1:15PM
InvestorsHub NewsWire
Branded Legacy, Inc. Gets Approval From State to
Reduce Authorized Common Shares by 300 Million
Company to Sign Joint Venture to Grow Revenues
by $300,000
Orlando, FL -- November 22, 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 received approval from the
state of Utah to reduce the Company’s Authorized Common Shares to
six hundred million (600,000,000).
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We
are very pleased to have the final stamped approval from the State
of Utah to reduce the Authorized Shares to 600,000,000. We want to
maintain a strong share structure for our shareholders. We want to
maintain a low authorized amount to allow our shareholders to feel
more confident in the Company. Currently we are in the talks with
two Company’s for potential acquisitions as well as in the final
stages of a joint venture with another publicly traded Company. We
are excited to be releasing this news over the coming days.”
In a previous news release, the company announced that it had
sold Elev8 Hemp, LLC to another publicly traded company for One
Hundred Million (100,000,000) restricted common shares. Those
shares will be distributed to shareholders of Branded Legacy as of
the record date which has yet to be determined.
About Spikes CBDX: Spikes CBDX is a line
of CBD products designed to assist athletes perform better and
recover faster. 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 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, a solar and water treatment company Magic 1 Promotions
h2oandsolarsolutions.com, LLC and Astound NMN. By
supplementing NMN it 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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