Branded Legacy, Inc. Signs Letter of Intent to Purchase Assets Of Kamino Propagation & Research, LLC
June 13 2022 - 9:00AM
InvestorsHub NewsWire
Branded Legacy, Inc. Signs
Letter of Intent to Purchase Assets Of Kamino Propagation &
Research, LLC
Orlando, Florida -- June 13, 2022 -- InvestorsHub NewsWire
-- Branded Legacy, Inc. (OTCPK:
BLEG), a holding company focused on the commercial development
of hemp and cannabinoid-infused beverages, along with an array of
CBD topicals and tinctures signs a letter of intent to purchase
assets of Kamino Propagation & Research, LLC.
Branded Legacy, Inc. originally signed a letter of intent to
acquire Kamino Propagation & Research, LLC on April 6, 2022.
Since then, both parties have signed an updated letter of intent to
reflect an asset purchase. The Company is located in Newberry, FL
and owned by military veterans Maxwell Minch and Joel
Reynolds.
Kamino is in the business of growing, farming, harvesting, and
selling industrial hemp. Branded Legacy, Inc. toured Kamino’s back
in March of 2022, and an acquisition opportunity was discussed to
the long-term benefit of both companies. While at the farm, both
companies discussed how a potential acquisition creates opportunity
for Branded Legacy to own everything from seed to shelf,
controlling the total process while reducing costs. This in turn
would allow Kamino to focus on the growing, farming and harvesting
of the industrial hemp while Branded Legacy has the salesforce and
network to increase sales. This conversation has developed and has
concluded as more advantageous for both parties to make this an
asset purchase instead of an acquisition.
Additionally, the plants grown by Kamino opens more opportunity for
the development of new products not currently in the lineup.
Branded Legacy’s President, Brandon White, stated, “We are
continuing our advancement to make 2022 a pivotal turning point for
the Company. We are positioning ourselves to acquire a significant
amount of assets and revenues. Our shareholders are extremely
important to us and we are doing everything to add value where we
see fit.”
About Spikes CBDX: Spikes CBDX is a line of
CBD products designed to assist athletes perform better, recover
faster, and avoid injuries. 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 Elev8 Hemp: Elev8 Hemp’s mission is simple:
craft the highest-quality, organic hemp products for consumers in
search of a healthier, happier lifestyle. Everyone needs to get the
proper amount of healthy proteins to keep them feeling better and
more energetic. We source only the best organic hemp protein
powders—naturally full of powerhouse amino acids and Omegas-3, 6,
and 9—so we can infuse your daily coffee and tea with an abundance
of minerals, vitamins, antioxidants, and fiber. www.elev8hemp.com
About Versatile Industries: Versatile Industries,
LLC has a mission to help companies enter the Hemp and CBD markets
by leveraging the buying power of multiple companies. In doing this
it brings lower costs and minimum order quantities (MOQ) to our
customers. The Company believes that reducing the money that gets
tied up in inventory allows for increased marketing spend for small
business owners. Versatile Industries feels compelled to help
businesses enter new markets by limiting the cost of entry while
maintaining profitable margins, creating a recipe for long term
business partnerships.
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.
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