Branded Legacy, Inc. Reports Revenue Increase in Second Quarter and Products in 40 New Locations
Elev8 Hemp's CBD Infused Iced Teas Drive Sales
Longwood, Florida--(Newsfile Corp. - July 9, 2020) - Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of hemp and cannabinoid-infused beverages along with an array of CBD topicals and tinctures, reports increase in sales in the second quarter. The Company has grown over 20% from the first to second quarter with product placement of Elev8 Hemp's CBD Infused Iced Teas in over 40 new locations within the last week.
CEO of Branded Legacy, Ryan Medico, stated, "We have seen sales start to increase as the country slowly starts to reopen. Both the beverage industry and the coffee industry took a significant hit over the last four months. We are incredibly pleased to see sales from our website, wholesalers and distributors all increasing."
The Company has received communication from several of its distributors on orders to be placed in July. Distributors who just a few months ago received samples of the Companies CBD beverages, are beginning to see sales increase and are now open to discussing new products like Elev8 Hemp's CBD Infused Iced Teas. The Company has added a sales representative in California who will begin direct distribution on the West coast as early as next week in an effort to create a presence on the west coast in order to obtain additional distributors.
Medico concluded, "In the coming weeks we expect to see a strong increase in sales. We have worked hard during the past few months to get our products in front of the right people. In addition, the Company plans to hire additional sales representatives over the next few months to help the Company expand revenues as we continue to grow multiple distribution channels."
About Branded Legacy: Branded Legacy, Inc. is a holding company that specializes in hemp and CBD. Its primary focus is the commercial development of hemp and cannabinoid-infused beverages along with an array of CBD topicals and tinctures with a secondary focus on acquiring manufacturing facilities/companies that can aid in the development of its product lines. Branded Legacy is made up of two subsidiaries, Elev8 Hemp, LLC and Zoe CBD, LLC.
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.
About Zoe CBD: Zoe CBD focuses on the development and marketing of the highest quality CBD products. Currently, we offer CBD Tinctures, CBD Lotion, and a CBD Salve. Our hope is that any product you choose will help you lead a healthier, happier life.
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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