Business
Branded Legacy, Inc. Retains Counsel to File S-1 Registration Statement
Branded Legacy, Inc. Retains Counsel to File S-1 Registration Statement.
About this update from Branded Legacy Inc.
[{"type":"text","content":"Company Plans to Up-List to OTCQBCharlotte, NC – May 12, 2023 – Branded Legacy, Inc. (OTC.PK: BLEG), a holding company specializing in growth through acquisitions with a focus on the CBD industry, is proud to announce that it has retained counsel to file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). The company has also received approval to up-list its stock to the OTCQB exchange.In addition, Branded Legacy, Inc. has started two-year audits, which are expected to be completed within the next three weeks. These audits will help the company ensure compliance with all regulatory requirements and financial reporting standards.The S-1 registration statement will enable Branded Legacy, Inc. to become a fully reporting company with the SEC. This will provide greater transparency and accountability to its shareholders and potential investors. The company expects the registration statement to become effective within a few months after filing, subject to SEC review.Up-listing to the OTCQB is a significant milestone for Branded Legacy, Inc. This move is expected to increase visibility for the company’s stock, as well as attract new investors. OTCQB is a venture market designed for early-stage and developing companies. It provides a more transparent trading platform with more stringent financial reporting standards than the OTC Pink exchange.“We are excited to announce the filing of our S-1 registration statement and up-listing to the OTCQB,” said Jermain Strong, CEO of Branded Legacy, Inc. “These actions reflect our commitment to transparency, accountability, and increasing value for our shareholders. We believe that becoming a fully reporting company and up-listing to the OTCQB will provide greater exposure for our brand and create long-term value for our shareholders.”About Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles.About Alpha Growers, LLC: Alpha Growers, LLC is a hemp farm in Newberry, FL. They grow and sell hemp flower, providing some of the highest quality plants in the industry. Its current operations are under Kamino Propagation and Research, LLC. Currently Alpha Growers has $320,000 in assets and is in contract to purchase the remaining assets of Kamino over the next few ...