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Branded Legacy Inc (OTCMKTS:BLEG) Stock Surges After Earnings Update

Madison Hall , , , ,

Branded Legacy Inc (OTCMKTS:BLEG) operates in the form of a holding company which specializes in generating growth through acquisitions in the CBD space.

Trading Data

On Friday, BLEG stock soared 17.78% to $0.0053 with 370.14K shares, compared to its average volume 398.67K shares. The stock moved within a range of $0.0049 – 0.0053 after opening trade at $0.0053.

Branded Legacy, Inc. Announces 2022 Revenues Surpass 2021 by Over 335%

The company was in the news cycle back on April 14 when it announced that its revenues for the 2022 fiscal year had gone up by as much as 335% and it goes without saying that the number would most likely be noticed by investors. The company noted that its subsidiaries had made considerable progress and in 2023 Branded Legacy was on course to generate record breaking revenues.

The Chief Executive Officer of the company Jermain Strong spoke about the development as well. He noted that the growth generated by the company was a major achievement and went on to note that the hard work that had been put in by everyone finally paid off.

He added that the company was focussed on generating significant growth and profitability in the CBD industry. Strong also stated that the CBD industry at large was projected to continue to grow and Branded Legacy was in the right position to take advantage of the market dynamics. It could be a good time to add the stock to your watch lists.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.