Branded Legacy, Inc. Signs Letter Of Intent to Purchase Total Refinement Solutions, LLC
November 04 2022 - 09:17AM
Branded Legacy, Inc. Signs Letter Of Intent to Purchase Total Refinement Solutions, LLC
Company Seeks to Own Means to Production
Charlotte, NC -- November 4, 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 has signed a Letter of Intent (LOI) to purchase Total Refinement Solutions, LLC.
Total Refinement Solutions LLC is a newly formed limited liability company based on years of experience in the cannabis industry, training growers how to compete in the highly demanding industry. Management team has over ten years’ experience designing, constructing, and managing in house lab operations for actors within the industry that lacked those capabilities. They have designed multiple lab space options to fit various throughputs of raw hemp, crude hemp oil, raw kratom leaf, and crude mitragynine extract. Total Refinement Solutions has developed no less than four potential standard operating procedures for extraction, refinement and synthesis of any given target alkaloid. It has secured inputs of raw plant material, crude extracts for refinement and a demand for the output. The Company currently has operational labware as assets.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “This letter of intent puts us one step closer to full vertical integration. In today’s market, we must own all means to production in order to bring the highest quality product, at the most competitive price, in a timely yet efficient manner. We are very excited to move forward with Total Refinement Solutions and their management team.”
In a previous news release, the company announced that it had sold Elev8 Hemp, LLC to another publicly traded company for One Hundred Million (100,000,000) restricted common shares. Those share will be distributed to shareholders of Branded Legacy as of the record date which has yet to be determined.
