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Friday, April 14, 2023 9:28:35 AM
Charlotte, NC -- April 14, 2023 -- InvestorsHub NewsWire -- Branded Legacy, Inc. (OTC.PK: BLEG), a holding company specializing in growth through acquisitions with a focus on the CBD industry, announced today that its 2022 revenues surpassed 2021 by over 335%. The company's subsidiaries have made significant strides, and 2023 is expected to set record revenues for the company.
"This is a tremendous achievement for Branded Legacy, and we are proud to see our hard work paying off," said Jermain Strong, the CEO of Branded Legacy. "We have been committed to driving growth and profitability in the CBD industry, and our efforts are starting to pay dividends. The CBD industry is expected to continue its growth trajectory, and we are well-positioned to take advantage of this trend."
Branded Legacy's subsidiaries have contributed significantly to the company's revenue growth. The company's acquisition of a CBD brand in early 2022 has proven to be a successful move, with the brand's products experiencing strong demand in the market. The company's other subsidiaries have also performed well, contributing to the overall revenue growth.
"We have a clear strategy in place to continue our growth trajectory and further increase our market share," said Strong. "We will continue to seek out acquisition opportunities and invest in our subsidiaries to ensure they have the resources they need to succeed."
Branded Legacy expects 2023 to be another record year for the company, with continued revenue growth and profitability.
About Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles.
About Alpha Growers, LLC: Alpha Growers, LLC is a hemp farm in Newberry, FL. They grow and sell hemp flower, providing some of the highest quality plants in the industry. Its current operations are under Kamino Propagation and Research, LLC. Currently Alpha Growers has $320,000 in assets and is in contract to purchase the remaining assets of Kamino over the next few years.
About Total Refinement Solutions, LLC: Total Refinement Solutions, LLC 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.
Recent BLEG News
- Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • InvestorsHub NewsWire • 06/27/2024 12:30:00 PM
- Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • InvestorsHub NewsWire • 05/30/2024 12:30:00 PM
- Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • InvestorsHub NewsWire • 05/22/2024 12:30:00 PM
- Branded Legacy Inc. Invites Shareholders to Celebrate Milestones at Open House: Announces Share Buyback and Commitment to Authorized Share Count • InvestorsHub NewsWire • 05/15/2024 12:30:00 PM
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- Branded Legacy, Inc. Significantly Expands Asset Portfolio and Production Capacity Through Successful Acquisition of Sycamore BioPharma, Inc. • InvestorsHub NewsWire • 03/12/2024 01:54:43 PM
- Shares of this Biotech Holdings Company Up on LOI • AllPennyStocks.com • 02/29/2024 06:10:00 PM
- Branded Legacy, Inc. Strengthens Position in BioTech Industry with Letter of Intent to Purchase Sycamore BioPharma, LLC • InvestorsHub NewsWire • 02/29/2024 01:30:00 PM
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- Branded Legacy, Inc. Unveils Major Equipment Acquisition Raising Total Assets to $3,787,215.00 • InvestorsHub NewsWire • 01/30/2024 02:25:00 PM
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- Branded Legacy, Inc. Secures $1M Line of Credit, Affirms No Reverse Split, and Previews Upcoming Investor Engagements • InvestorsHub NewsWire • 11/07/2023 12:02:43 PM
- Branded Legacy Takes Bold Step in Strengthening Shareholder Value: Retires 1 Billion Common Shares This Week, With More to Follow • InvestorsHub NewsWire • 10/26/2023 12:30:00 PM
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- Branded Legacy Completes Acquisition of The Alcannabist, Signifying Business Expansion • InvestorsHub NewsWire • 10/10/2023 12:25:00 PM
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