Acquisition marks the
largest acquisition to date with multi-state processing licenses,
compounding pharmacy license, and advanced equipment
Melbourne, FL
-- December 5, 2023 -- InvestorsHub NewsWire
-- Branded Legacy, Inc (OTC.PK:
BLEG), a key player in the biotech industry, is excited
to announce its largest acquisition to date;
MariJ Pharmaceuticals,
Inc. The deal significantly expands Branded Legacy's
asset base and intellectual property portfolio with a landmark
acquisition. The deal brings an impressive suite of physical and IP
assets including a compounding pharmacy license, a cutting-edge
supercritical CO2 extraction unit, inventory of certified organic
refined CBD, a fleet of licensed and permitted vehicles –
ingeniously modified to house a complete extraction facility, a
state-of-the-art refinement lab, and food-safe production area. The
acquisition further includes an array of vital operational tools,
such as advanced chillers, refrigerators, precision scales, an
industrial biomass grinder, and a diverse selection of terpenes,
flavorings, and essential lab supplies as well as a
patent.
Branded Legacy, Inc. has taken a significant leap
in its expansion strategy by acquiring MariJ Pharmaceuticals, a
company celebrated for its award-winning organic products and
expertise in the CBD and wellness industry. This acquisition
represents the integration of MariJ's entire operational framework,
including its multiple formulations and products with proven track
records of profitability, into Branded Legacy, Inc. The deal
encompasses two separate companies under the MariJ umbrella, each
contributing unique strengths and licensing support for market
presence to Branded Legacy's growing portfolio.
The
acquisition of MariJ by Branded Legacy, Inc. notably includes two
specialized trucks (an International and a Freightliner),
engineered to enhance operational flexibility and reach. One truck
is a fully-equipped mobile extraction facility, designed for
on-site processing of raw materials into high-quality extracts. The
second truck serves as a dual-purpose food-safe space and
refinement lab, adhering to strict health and safety standards.
Additionally, a mobile repair service truck (an F250), with all
necessary tools and equipment, ensures the maintenance and
efficiency of these unique assets. These trucks, permitted in
multiple states including Colorado and Tennessee, embody a
significant leap in Branded Legacy's capabilities, particularly
with the inclusion of a compounding pharmaceutical license. This
strategic acquisition not only expands the company's physical
assets but also its geographical footprint and service
offerings.
Moreover, the acquisition extends to MariJ's
digital and intellectual property, customer and operational
databases, formulations, CRM, as well as multiple domains and
websites. The deal also includes permits, a patent for extraction
and processing, trademarks, and organic certifications, further
solidifying Branded Legacy, Inc.'s asset profile.
"The
complete acquisition of MariJ is a strategic move that aligns
perfectly with our vision for growth and market leadership," stated
Dave Oswald, CEO of Branded Legacy, Inc. "This acquisition not only
enhances our product range and production capabilities but also
brings in a wealth of intellectual property, history, data, and
operational assets that will be instrumental in our future
endeavors."
The
acquisition is a combination of preferred series stock and cash.
The shares issued will have a buyback option as well as a
lockout/leak agreement, reflecting Branded Legacy, Inc.'s
commitment to sustainable growth and shareholder value. The closing
of the acquisition was consummated on December 4, 2023, marking a
significant milestone in the company's journey.
Rick
Pertile, CEO of MariJ Pharmaceuticals conveys trust and confidence
in the deal, he adds "I am thrilled to witness the immense
potential of Branded Legacy. My decision to accept stock with such
stringent restrictions is a testament to my confidence in the
company's future growth. I foresee a significant increase in value,
making this agreement a no-brainer for me. I am excited to be part
of this journey and look forward to the remarkable advancements we
can achieve together."
As
Branded Legacy, Inc. integrates MariJ's assets and capabilities,
the company is poised to deliver enhanced products and services to
its customers, reinforcing its commitment to excellence in the
health and wellness industry.
About MariJ Pharmaceuticals,
Inc.:
MariJ
Pharmaceuticals, Inc., based in Clearwater, Florida, specializes in
the certified organic mobile
extraction and production of CBD from industrial
hemp. They offer a range of cannabinoid products and services
tailored for the pharmaceutical and bio-product industries,
ensuring compliance with legal THC limits. Their expertise extends
to mobile CO2 certified organic,
patented extraction services and the legal distribution of
both wholesale and retail products in all U.S. markets. MariJ is
also known for its commitment to HIPAA compliance and good
corporate governance. More information can be found at the
MariJ
Website
About Branded Legacy,
Inc.:
Branded Legacy, Inc. (OTC: BLEG) is a diversified
holdings company focused on the biotech sector. With a commitment
to excellence and innovation, Branded Legacy specializes in the
development and marketing of cutting-edge products and services.
The company's diverse portfolio includes ventures in biotechnology,
digital solutions, and wellness products, all aimed at enhancing
the quality of life for its customers. Branded Legacy's strategic
approach to growth involves identifying and integrating promising
businesses and technologies that align with its mission to deliver
sustainable, high-quality products and services.
Safe Harbor Statement on
Forward-Looking Language:
This release includes
forward-looking statements, which are based on certain assumptions
and reflect management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors include
general global economic conditions; general industry and market
conditions and growth rates; uncertainty as to whether our
strategies and business plans will yield the expected benefits;
increasing competition; availability and cost of capital; the
ability to identify and develop and achieve commercial success; the
level of expenditures necessary to maintain and improve the quality
of services; changes in the economy; changes in laws and
regulations, includes codes and standards, intellectual property
rights, and tax matters; or other matters not anticipated; our
ability to secure and maintain strategic relationships and
distribution agreements. Dilution, if any, would be for the
purposes of management taking stock in lieu of cash salary. The
company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. Additionally, this press
release that is not statements of historical fact may be considered
to be forward-looking statements. Written words such as "may,"
"will," "expect," "believe," "anticipate," "estimate," "intends,"
"goal," "objective," "seek," "attempt," or variations of these or
similar words, identify forward-looking statements. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future.
Media Contact
Joe
Holladay
Branded Legacy
Phone:
321-345-3565
Email:
info@brandedlegacy.com
Website: https://brandedlegacy.com/.
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