Branded Legacy, Inc. Files S-1
June 23 2020 - 9:40AM
InvestorsHub NewsWire
Branded Legacy, Inc. Files
S-1
Company Signs New Distribution
Partner
LONGWOOD, FL -- June 23, 2020 -- 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 filed a
Registration Statement on Form S-1 with the U.S. Securities and
Exchange Commission (SEC) to register securities under the
Securities Act of 1933 pursuant to an Equity Financing Agreement
with GHS Investments, LLC (“GHS”) for a registered equity line.
Although the Company is not required to sell shares under the
Financing Agreement, it gives Branded Legacy, Inc. the option to
sell to GHS up to $7,000,000 worth of the Company’s registered
common stock over a twenty four month period, with certain
limitations.
The S-1
Registration Statement is inclusive of two years of audited
financial disclosures by an independent public accountant. This
filing adds increased transparency by including information on the
planned use of capital proceeds, detail of the current business
model and competition, as well as provide a description of the
offering.
The Company has
plans to utilize funding for working capital, legal &
accounting, marketing & advertising, inventory, payroll,
acquisitions, partnerships and equipment. Having the right funding
in place should allow Branded Legacy to grow without the restraints
of cash flows and inventory that it has faced in previous
years.
“This agreement with
GHS could provide the capital we need to expand with sales and
marketing as well as some strategic hires to break into our first
seven figure year,” stated Branded Legacy, Inc.’s CEO, Ryan
Medico.
Mr.
Medico, stated, “We are excited about the direction the Company is
heading. This filing is crucial to maintain transparency with
investors and raise capital to continue growing in the hemp and CBD
space.”
Elev8 Hemp, LLC, the
wholly-owned subsidiary of BLEG, is pleased to announce it has
signed a new distribution agreement with California High
Beverages. Mike Dub, the owner of California High Beverages,
has been distributing hemp beverages for multiple suppliers since
2006. Mr. Dub has past experience as the National Sales Director
for 420 Hemp Energy Drinks. He has transformed California High
Beverages into a broker company for multiple beverage suppliers,
bringing on distributors across the U.S.
Specializing in
distributing hemp based beverages since 2018, California High
Beverages has expanded from coast to coast in the following 15
states: Washington (WA), Oregon (OR), California (CA), Arizona
(AZ), Nevada (NV), Texas (TX), New Mexico (NM), Colorado (CO), New
Jersey (NJ), Pennsylvania (PA), Ohio (OH), Indiana (IN), Illinois
(IL), Wisconsin (WI), and Minnesota (MN).
"We are excited to
distribute Elev8 Hemp’s CBD Teas," Dub said. “We have received a
lot of positive feedback about the flavors and want to start
promotions right away!"
Medico stated, “We
have been in talks with Mike Dub for a few months now as they were
expanding their territories. We are very excited to be working
together and look forward to them receiving feedback from their
first two pallets.”
About Branded
Legacy: Branded Legacy, Inc. is a holding company that
specializes in hemp and CBD. Its primary focus is the commercial
development of hemp and cannabinoid-infused beverages along with an
array of CBD topicals and tinctures with a secondary focus on
acquiring manufacturing facilities/companies that can aid in the
development of its product lines. Branded Legacy is made up of two
subsidiaries, Elev8 Hemp, LLC and Zoe CBD, LLC.
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.
About Zoe CBD:
Zoe CBD focuses on the development and
marketing of the highest quality CBD products. Currently, we offer
CBD Tinctures, CBD Lotion, and a CBD Salve. Our hope is that any
product you choose will help you lead a healthier, happier
life.
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) 377-6693
info@brandedlegacy.com
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