Branded Legacy, Inc. Signs Letter Of Intent To Acquire All In Extracts, LLC
Orlando, FL, March 17, 2022 — 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 completes a letter of intent to acquire All In Extracts, LLC.
Branded Legacy, Inc. signed a letter of intent to acquire All In Extracts, LLC d.b.a. Star Hill Hemp on Monday morning. Owned by Matt Grisham, Aaron Landerville, and Lorraine A, All In Extracts is located at 27003 Hickory Hill Rd, Brooksville, FL 34602. The potentially acquired Company is in the business of extraction and manufacturing of Delta-8, Delta-9, THC-O, and CBD products. All In Extracts also has its own brand called Star Hill Hemp to retail tinctures and gummies of its own making. The letter of intent represents basic terms agreed upon by the Buyer and Seller, and an 8-k has been filed with the SEC. A formal agreement can now be constructed to the benefit of both companies.
Spikes CBDX has been on a search for ways to increase margins as well as its revenues. After several meetings between Branded Legacy, Inc. and All In Extracts, LLC, an acquisition opportunity was discussed to the long-term benefit of both companies. With this potential acquisition, the Company can utilize the development processes of All In Extracts to create new products while controlling the costs.
Branded Legacy’s President, Brandon White, stated, “We couldn’t be more excited to add All In Extracts to the Branded Legacy umbrella. They bring an immediate impact to our brand, and we look forward to investing our time and resources to take their company to the next level.”
