Branded Legacy, Inc. (OTCMKTS:BLEG) has announced on May 12, 2022 about adding two more stores to its growing list of retail locations. Pipe Smoke shop, situated in downtown Orlando, FL, adds the new TCH-0/Delta-8 gummies store. Apart from that, Massage Renaissance in Jacksonville, FL that uses holistic techniques to heal the mind and body via acupuncture, massage, chiropractic, and herbal remedies will now carry Spikes CBDX products like Spikes CBDx oils, CyroGel and gummies.
Market Reaction
On Thursday, BLEG stock ended flat at $0.0276 with more than 33 shares, compared to its average volume of 18K shares. The stock moved within a range of $0.0276 – 0.0276 after opening trade at $0.0221.
Branded Legacy is focused on the commercial development of hemp and cannabinoid-infused beverages, CBD topicals and tinctures. Recently, it has included a couple of UCF graduates in the marketing team. Their role is to manage and create content on social media accounts, while expanding Spikes CBDX content into TikTok and Snapchat.
Brandon White, President of Branded Legacy, Inc. is delighted with their success, as the CBD/Smoke shop locations continue to expand. He is elated about gaining ground in the therapeutic areas too. The new marketing team shows great promise, and will bring about the necessary awareness to take the brand to a whole other level altogether.
Fresh content featuring Spikes CBDX THC-0/Delta-8 gummies (highest revenue generating product of the company), is expected to be launched soon. A new coffee flavor to the Spikes CBDX THC-0/Delta-8 gummies should also be released in the coming weeks.
Key Quote
Brandon White, President of Branded Legacy, Inc., stated, “I’m very proud at the success we are seeing. CBD/Smoke shop locations continue to grow, and we are gaining some serious steam in the therapeutic areas. Our new marketing team will surely bring the awareness needed, via the social media platforms, to help take our brand to the next level.”
Traders Review
BLEG stock is trading below the 10-Day and 20-Day Moving averages of $0.0286 and $0.0330 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0466.
