Branded Legacy Inc (BLEG)

[NorfolkIP]

They are reducing the Authorized shares by 300M not the Outstanding.

Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of cannabinoid-infused products from CBD topicals and tinctures to edibles is pleased to announce the Board of Directors approval to reduce its authorized shares by Three Hundred Million (300,000,000).

Branded Legacy, Inc. expects to receive majority shareholder consent soon, but has already received board approval for the reduction in its authorized shares. The reduction will bring the Authorized Common Shares down to Six Hundred Million (600,000,000).