Branded Legacy Inc (BLEG)

[sleekscape]

VATE SHAREHOLDER LETTER OUT TODAY

https://backend.otcmarkets.com/otcapi/company/financial-report/215758/content

To Our Shareholders:

I am writing to inform you about a series of updates and changes that have happened within the company in recent weeks.

First regards the manufacturing status of Elev8’s two newest products: CBD-Infused Iced Tea and CBD- Infused Iced Coffee. We knew from the outset that we were not simply looking to create a serviceable, or even “good,” CBD-infused beverage. We intend to set an industry-wide standard with our beverages and continue to aim for that goal. As such, our first production run of the CBD-Infused Iced Tea and CBD-Infused Iced Coffee is taking longer than anticipated due to the continued development of our proprietary process that guarantees Elev8’s lab-tested beverages are always of the highest quality.

In order to be the pioneers of the CBD beverage market, we are continually ensuring that only the highest quality product goes out to distributors. We have developed a seamless process that allows for quick reorders as the demand for our quality products undoubtedly increases. Our sales representatives are currently in talks with six different distributors who are anxiously awaiting samples and have high expectations for our products.

We are now in the process of completing our audit and filing our S-1 registration. Since we are designated as an OTCQB company, required audits need to be done annually, so they grant us a little extra time for annual filings to be officially posted. The S-1 registration is a significant step for Elev8 Brands which will open the doors towards further credibility and aid in enticing additional, larger investors. This move will create a heightened level of transparency for both current and future shareholders that promotes confidence in their investment and our potential for growth. You can expect our annual filings to be posted on or before Thursday, May 16, 2019 per OTC Market’s guidelines.

In other news, as of March 31, 2019, 02 Breathe, LLC and One Utopia have exercised their exit clause rights and are no longer owned by Elev8 Brands, Inc. As Elev8 Brands continues to grow through Elev8 Hemp, LLC, Zoe CBD, LLC, and, most recently, Blessed Bean Coffee, LLC, it made sense for 02 Breathe and One Utopia to go their separate ways. This was a mutual decision made after significant deliberation and discussion, and they continue to be Elev8 Brands customers. Elev8 Brands is taking steps to center its focus, helping to accelerate growth as we set our sights on acquisitions that are more in line with our vision, which is what we’ve done with Blessed Bean Coffee.

I am also excited to announce that, as of Monday, April 8th, Elev8 Brands is moving its corporate headquarters to the current location of Blessed Bean Coffee, LLC—a 6,000 square foot warehouse located at 250 National Place #162, Longwood, Florida 32750. This move marks an important milestone for the company as it will facilitate our exponential growth and put our brands under one roof—improving efficiency and fostering collaboration. As we increase the focus on our brands, this move will streamline our operations as we push the company well into its million dollar stage.

In sum, 2018 was the best year we have had in this business, both in growth and in revenue. Not only that, but Quarter 1 has been our strongest so far with March bringing in our highest revenues to date.

To follow the Company’s latest developments visit us on https://www.instagram.com/elev8hemp, on https://www.facebook.com/elev8hemp, and on https://twitter.com/elev8hemp.

Sincerely Yours,
Ryan Medico
Chief Executive Officer