Although the Branded Legacy Inc (OTCMKTS:BLEG) stock was trending in a range on Wednesday, it ought to be noted that the company had actually made a key announcement that investors ought to look into.
Market Reaction
On Wednesday, BLEG stock ended flat at $0.0276 with 13 shares, compared to its average volume of 7.8K shares. The stock moved within a range of $0.0276 – 0.0276 after opening trade at $0.0221.
Branded Legacy, Inc. Increases Revenue By Expanding In New York and Florida Company Adds New Disposable Vapes
The company, which is involved in the commercial development of CBD laced beverages and hemp, announced yesterday that it had managed to add two new retail outlets. This was a major development and demonstrated that Branded Legacy had continued on the path to growing its retail locations.
The two new stores in question which are going to offer some of the products from Branded Legacy are Happy Cork in Brooklyn, New York and the other one is Transformative Acupuncture located in Jacksonville, Florida. All four of the gummies products which are offered by Branded Legacy are going to be offered by these stores and hence, it can be said that in the long run, it could only be a positive for the company.
In addition to that, the company also announced that the disposal vapes that the company had conceptualized had been taken forward from the stage of planning to the research and development stage. It remains to be seen if the stock can make a move today.
Key Quote
Brandon White, President of Branded Legacy, Inc., stated, “We have been seeing growing success in the massage field, and adding these locations only helps us verify that these products work, and they work well. As for our new vapes and flavors, we will continue to listen to what our customers want and do our best to fulfill those requests. We know vapes are very popular right now and we are excited to bring our Spikes CBDx Vape to compete with the very best in the market.”
Traders Review
BLEG stock is trading below the 20-Day and 50-Day Moving averages of $0.0326 and $0.0347 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0480.
