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McapMediaWire -- Branded Legacy, Inc. (OTC: BLEG ), a holding companyspecializing in growth through acquisitions with a focus on the CBDindustry, announced today that its 2022 revenues surpassed 2021 byover 335%. The company's subsidiaries have made significantstrides, and 2023 is expected to set record revenues for thecompany.
"This is a tremendous achievement for Branded Legacy, andwe are proud to see our hard work paying off," said JermainStrong, the CEO of Branded Legacy. "We have been committed todriving growth and profitability in the CBD industry, and our effortsare starting to pay dividends. The CBD industry is expected tocontinue its growth trajectory, and we are well-positioned to takeadvantage of this trend."
Branded Legacy's subsidiaries have contributedsignificantly to the company's revenue growth. The company'sacquisition of a CBD brand in early 2022 has proven to be a successfulmove, with the brand's products experiencing strong demand in themarket. The company's other subsidiaries have also performed well,contributing to the overall revenue growth.
"We have a clearstrategy in place to continue our growth trajectory and furtherincrease our market share," said Strong. "We will continue toseek out acquisition opportunities and invest in our subsidiaries toensure they have the resources they need to succeed."
Branded Legacy expects2023 to be another record year for the company, with continued revenuegrowth and profitability.
About Versatile Industries: VersatileIndustries, LLC is an acquisition company used to incubate companiesto eventually spin off into their own public vehicles.
About Alpha Growers,LLC: Alpha Growers, LLC is a hemp farm in Newberry, FL. They growand sell hemp flower, providing some of the highest quality plants inthe industry. Its current operations are under Kamino Propagation andResearch, LLC. Currently Alpha Growers has $320,000 in assets and isin contract to purchase the remaining assets of Kamino over the nextfew years.
About Total Refinement Solutions, LLC: Total RefinementSolutions, LLC has developed no less than four potential standardoperating procedures for extraction, refinement and synthesis of anygiven target alkaloid. It has secured inputs of raw plant material,crude extracts for refinement and a demand for the output. The Companycurrently has operational labware as assets.
Safe HarborStatement:
The information posted in this release may containforward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. You can identify thesestatements 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 couldcause actual results to differ materially from those projected oranticipated. These risks and uncertainties include, but are notlimited to, general economic and business conditions, effects ofcontinued geopolitical unrest and regional conflicts, competition,changes in technology and methods of marketing, delays in completingvarious engineering and manufacturing programs, changes in customerorder patterns, changes in product mix, continued success intechnological advances and delivering technological innovations,shortages in components, production delays due to performance qualityissues with outsourced components, and various other factors beyondthe Company's control.
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Branded Legacy, Inc.
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