Branded Legacy,
Inc. Strengthens Biotech Leadership, Focuses on Expansion, and
Advances Strategic Rebranding
Company Refocuses on Sycamore BioPharma, Navigates
Challenges, and Prepares for Rebranding to Royal Enterprises,
Inc
Orlando,
FL -- December 5th, 2024 -- InvestorsHub
NewsWire -- Branded Legacy, Inc (OTC.PK:
BLEG), provides updates as it confronts recent challenges and
charts a focused path forward. The company has reaffirmed its
commitment to the biotech and wellness sectors, with its primary
focus now on expanding its wholly owned subsidiary, Sycamore
BioPharma.
Addressing
Recent Challenges
Branded Legacy
recently endured a targeted attack that temporarily compromised its
digital assets, including critical platforms such as banking and
OTC accounts access. This malicious act, orchestrated in part by
former employees, not only disrupted operations but also resulted
in delays and reduction of profit from a major contract projected
to generate over $10 million in revenue. Coupled with
hurricane-related operational disruptions and shipping delays at
the company's Florida facilities, these challenges have
significantly impacted the company's short-term operations and
financial outlook.
In response,
Branded Legacy has taken decisive action to secure its digital
assets, remove individuals involved in the attack, and restructure
its operations. Released subsidiaries include The Alcannabist LLC,
Rocket Web Development and Design LLC, and All In Extracts LLC. All
executives associated with these subsidiaries have been removed
from their positions and are no longer associated with the company.
Branded Legacy is now focused on overcoming these setbacks by
concentrating its efforts and resources on Sycamore
BioPharma, its flagship subsidiary.
Strategic Focus
on Sycamore BioPharma
Sycamore
BioPharma, acquired by Branded Legacy eight months ago, has become
the cornerstone of the company's growth strategy. Renowned for its
development of innovative wellness solutions, Sycamore
BioPharma aligns seamlessly with Branded Legacy's commitment to
quality, natural ingredients, and scientific excellence. With a
focus on expanding Sycamore's operations and pipeline, Branded
Legacy is positioning itself to capture new market opportunities
and drive long-term success.
To support this
renewed focus, Branded Legacy has entered discussions for the sale
of MariJ Pharmaceuticals Inc. Revenue from this sale will be used
to offset dilution moving forward, as we fund Sycamore's continued
development and operational expansion. Additionally, we have
determined that a raise of the authorized share count will be
necessary to offset any funding gaps from the MariJ sale. This will
ensure the company can execute its strategic objectives, recover
from the impact of lost revenue, and pursue new growth
opportunities in the biotech and wellness markets.
Looking to the
Future
Despite recent
setbacks, Branded Legacy remains steadfast in its mission. The
company is advancing late-stage discussions to supply one-fifth of
Europe's CBD market, an initiative that could significantly expand
its international footprint. Our specific goal is to scale up to
production of 3 tons of CBD isolate monthly, with 1.5 tons being
exported to the European Union and 1.5 tons sold domestically
through existing channels. In addition, the company is moving
forward with its rebranding initiative, transitioning its name and
symbol to Royal Enterprises, Inc. (ROYL) to reflect its evolution
and renewed focus.
"These
challenges have only strengthened our resolve," stated CEO Dave
Oswald. "While the actions of former employees have created
significant hurdles, our commitment to growth and innovation
remains unwavering. By focusing on our more successful subsidiaries
and securing the necessary funding to expand, we are poised to
recover and achieve even greater success in the biotech and
wellness industries. Concerning our share structure and other
changes: We made our best effort to keep a tight share structure,
and support share price growth as much as possible to attract
investors. However, after nearly 2 years, it is time to accept that
the market reaction was not what we had hoped. At this point it has
become necessary for us to utilize the public vehicle in such a way
that it directly benefits the company's operations. Previously I
have stated that we would not be raising the authorized any time
soon. Unfortunately, I did not foresee our current predicaments,
and I have to admit that I was wrong. While efforts will still be
made to protect and grow the SP, all options will be on the table
moving forward. Specifically, we will be raising the authorized to
compensate our remaining executives, support acquisitions, and seek
additional capital for expansion."
About Branded
Legacy:
Branded Legacy,
Inc. is a forward-thinking company specializing in the development
and commercialization of biotech and wellness products. With a
focus on strategic growth, innovation, and quality, the company is
dedicated to enhancing lives and creating sustainable value for its
shareholders.
Media
Contact
Media at Branded
Legacy
Phone: (321)
345-3565
Email: info@brandedlegacy.com
Website: https://brandedlegacy.com/
Safe Harbor
Statement on Forward-Looking Language:
This release
includes forward-looking statements, which are based on certain
assumptions and reflect management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors include
general global economic conditions; general industry and market
conditions and growth rates; uncertainty as to whether our
strategies and business plans will yield the expected benefits;
increasing competition; availability and cost of capital; the
ability to identify and develop and achieve commercial success; the
level of expenditures necessary to maintain and improve the quality
of services; changes in the economy; changes in laws and
regulations, includes codes and standards, intellectual property
rights, and tax matters; or other matters not anticipated; our
ability to secure and maintain strategic relationships and
distribution agreements. Dilution, if any, would be for the
purposes of management taking stock in lieu of cash salary. The
company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. Additionally, this press
release that is not statements of historical fact may be considered
to be forward-looking statements. Written words such as "may,"
"will," "expect," "believe," "anticipate," "estimate," "intends,"
"goal," "objective," "seek," "attempt," or variations of these or
similar words, identify forward-looking statements. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future.
Branded Legacy (PK) (USOTC:BLEG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Branded Legacy (PK) (USOTC:BLEG)
Historical Stock Chart
From Dec 2023 to Dec 2024
