Branded Legacy Inc (OTCMKTS:BLEG) is structured as a holding company and is primarily involved in the hemp commercial development and CBD laced beverages space.
Market Action
On Wednesday, BLEG stock was up 10.30% to $0.0540 with 900 shares, compared to its average volume of 29.2K shares. The stock has moved within a range of $0.0540 – 0.0635 after opening trade at $0.0635 .
Branded Legacy, Inc.’s President Makes Immediate Impact
Additionally, the company is also involved in other products like CBD tinctures and tropical. Back on Wednesday, the Branded Legacy stock had come into sharp focus among investors and ended the day with gains of as much as 10%. Prior to the beginning of trading today, it might good idea for investors to take a look at the instant impact that has been made by Brandon White, the new President of the company.
After joining Branded Legacy, White exploited his considerable network within the industry by way of which he made it possible for the company to streamline its operations and also brought in support for the sales team.
The impact was immediate. In the month of October, the sales team at Branded Legacy managed to sell off the first run of the company’s Delta 8 Gummies. Earlier on in November, a much bigger second run of the same products had been delivered and the sales team managed to satiate the demand for the Delta 8 Gummies from its customer base. It remains to be seen if the stock can continue to add to its gains today.
Key Quote
President of Branded Legacy, Brandon White, states, “The feedback we have gotten on the products are great. Active recovery is why Spikes CBDX started, and our best asset is former NFL linebacker Brandon Spikes. There is a huge opportunity and demand for our topical line in the medical industry.”
Traders Note
BLEG stock is trading below the 50-Day and 200-Day Moving averages of $0.0617 and $0.1115. However, the stock is trading above the 200-Day moving average of $0.0538. The stock is down 26% over the past month.
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