Branded Legacy, Inc. Signs Joint Venture To Add Additional $300,000 a Year In Revenue
Nov 23rd, 2022 11:46 EST
Orlando, FL, Nov. 23, 2022 (GLOBE NEWSWIRE) -- 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 it has signed a joint venture with Apple Rush Co., Inc. (OTC Pink: APRU) for the extraction, production, and purification process of Kratom and its minor alkaloids.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, "Our recent acquisition of Total Refinement Solutions (TRS) was basically to own the means of production for our CBD and Delta 8 products. Through our recent transactions with Apple Rush Co., Inc., the discussion of TRS helping with some Kratom products began.
Spikes continued "We have been approached by several companies about white labeling products for them. TRS now gives us that ability and we will begin negotiating white label opportunities to add an additional revenue stream and continue our rapid growth."
Tony Torgerud, CEO of Apple Rush Co., Inc. stated, "When I realized what they were capable of doing I approached them with the idea of doing a JV together. One thing lead to another and here we are. We are very pleased to be working with TRS on some significant orders we have received for Kratom products."
In a previous news release, the company announced that it had sold Elev8 Hemp, LLC to Apple Rush Co., Inc. (OTC Pink: APRU) for One Hundred Million (100,000,000) restricted common shares. Those shares will be distributed to shareholders of Branded Legacy as of the record date which has yet to be determined.
About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better and recover faster. The Company believes that post workout recovery, with Spikes CBDX products, can lower inflammation, aid in making your body stronger, and help recover from injuries naturally. The CBD line also targets individuals who are looking for pain relief, better sleep, faster recovery and lowering inflammation. Spikes CBDX provides tinctures, lotions, moisturizer, and cryo-gel roll-ons. To view all the Spikes CBDX products please visit: spikescbdx.com. About Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles. Currently owns patent for a sports training assembly called The Quickness, a solar and water treatment company Magic 1 Promotions h2oandsolarsolutions.com, LLC and Astound NMN. By supplementing NMN it helps maintain NAD+ levels, ultimately slowing the effects of aging. www.astoundnmn.com Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. www.brandedlegacy.com (407) 337-0642 [email protected]