Branded Legacy, Inc. Cancels Another $60 Million

Orlando, Fla., Aug. 10, 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 to announce it has canceled sixty million (60,000,000) common shares.

The company announced earlier this week the cancellation of 102,000,000 shares. With this current cancellation, the company has reduced issued and outstanding issues by 162,000,000 this month. This brings the emitted and circulating current down to 276,982,816.

Jermain Strong, CEO of Branded Legacy, Inc., concluded, “We are thrilled to announce back to back exchange agreements. It really improves the shareholder structure. We stand by our board’s decision of a share buyback program to help improve shareholder value.”

Branded Legacy, Inc. is still working on additional common stock to cancel.

Exchange agreements will be posted on the OTC Markets, Inc. website under the Company Disclosure section and titled Additional Information.

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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.
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