Branded Legacy Inc (BLEG)

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Branded Legacy, Inc. Eliminates Over 430 Thousand In Debt In 2022
August 12 2022 - 09:15AM
$BLEG
Orlando, FL -- August 12, 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 negotiated the removal of four hundred and thirty-six thousand one hundred and nineteen ($436,119) in debt from its balance sheet in 2022. This past week, the Company reduced liabilities by one hundred and twelve thousand eight hundred and thirty-nine ($112,839).

Branded Legacy, Inc. has previously announced the removal of debt as well as the cancelation of common stock. The Company plans to continue to reduce its issued an outstanding shares of common stock as well as reducing its liabilities. This removal of one hundred and twelve thousand eight hundred and thirty-nine ($112,839) in liabilities helps both the Company and its shareholders.

Jermain Strong, CEO of Branded Legacy, Inc., concluded, “We are excited about the progress we have made this week. We really believe we are positioning Branded Legacy this year for some significant growth. The share structure is looking more advantageous for new investors and the elimination of debts will reduce the time to which it becomes cash flow positive. All of which will add value to our shareholders.”