Branded Legacy, Inc. Board Vote
Orlando, FL, Aug. 19, 2022 (GLOBE NEWSWIRE) — Branded Legacy, Inc. (BLEG), a holding company focused on the commercial development of cannabinoid-infused products, from CBD topicals and tinctures to edibles, is pleased to announce its board of directors of directors held a meeting of the board of directors and approved with unanimous consent that it will not conduct a stock consolidation for a minimum of twelve (12) months.
The Company’s Board of Directors also plans to vote on the reduction of its authorized shares. This proposed reduction will be in the amount of three hundred million shares (300,000,000) bringing the total number of ordinary shares authorized to six hundred million (600,000,000). He expects to have board approval and majority shareholder approval in the coming weeks.
Brandon Spikes, Chairman of Branded Legacy, Inc., said, “We are doing our best to build trust with our shareholders. Reducing authorized shares as well as refusing to do a reverse stock split shows our ability to build trust. We want to add value for everyone and execute on our plans to grow Branded Legacy into a multi-million dollar business over the next few years.
Branded Legacy board resolutions will be posted on OTC Markets under additional information.
About CBDX Tips: Spikes CBDX is a line of CBD products designed to help athletes perform better, recover faster, and avoid injury. The company believes post-workout recovery, with Spikes CBDX products, can reduce inflammation, help make your body stronger, and help recover from injuries naturally. The CBD line also targets people looking for pain relief, better sleep, faster recovery and reduced inflammation. Spikes CBDX provides tinctures, lotions, moisturizers and cryo-gel roll-ons. To view all Spikes CBDX products, please visit: spikescbdx.com.
About Elev8 Hemp: Elev8 Hemp’s mission is simple: to make the highest quality organic hemp products for consumers seeking a healthier, happier lifestyle. Everyone needs to get the right amount of healthy protein to feel better and more energetic. We source only the best organic hemp protein powders – naturally full of powerful amino acids and omega-3s, 6s and 9s – so we can infuse your daily coffee and tea with an abundance of minerals, vitamins, antioxidants and fiber. www.elev8hemp.com
About Multipurpose Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually transform into their own public vehicles. Currently owns a patent for a sports training set called The Quickness. The company also owns Astound NMN. NMN supplementation helps maintain NAD+ levels, ultimately slowing the effects of aging. www.astoundnmn.com
Safe Harbor Statement:
Information in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify such statements by the use of the words “may”, “shall”, “should”, “expects, ” “expects”, “anticipates”, “continues”, “estimates”, “projects”, “intends” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results will differ materially from those projected or anticipated.These risks and uncertainties include, but are not limited to, general economic and business conditions, the effects of ongoing geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in the completion of various engineering and manufacturing programs, changes in model customer orders, changes in the a product line, the continued success of technological advances and the delivery of technological innovations, component shortages, production delays due to performance quality issues with outsourced components, and various other factors beyond the control of the Company.