Branded Legacy (OTCMKTS:BLEG), Inc. has officially completed online integration for drop-shipping partnership with The Calm Leaf. The former is a holding company actively involved in the commercial development of hemp and cannabinoid-infused beverages, along with an array of CBD topicals and tinctures. Calm Leaf has excellent reach in the e-commerce space, so this collaboration is immensely beneficial to both parties, when it comes to growth of audience and footprint.
Market Action
On Wednesday, BLEG stock moved down 4% to $0.0290 with 3.6K shares, compared to its average volume of 17.6k shares. The stock moved within a range of $0.0290 – 0.0314 after opening trade at $0.0314.
Spikes CBDX (lowers inflammation, helps in injury recovery, and strengthens body) and Elev8 Hemp (provides essential nutrients like minerals, vitamins, antioxidants, and fiber) products are available for purchase on the Calm Leaf website. All you have to do is search for “spikes” or “elev8”, and all products will soon pop up on your screen. Regarding the newest product launch, company President Brandon White has stated that their newest blend of THC-O/Delta 8 gummies is available in two delicious flavors – watermelon and pineapple. These gummies are quite popular and have been selling like hot cakes!
Branded Legacy’s Vice President, Matthew Nichols, commented that they are taking the aggressive approach when it comes to sales and marketing on all fronts. Having a drop-shipping partnership like this is just one way to execute their strategy in 2022.
Traders Note
BLEG stock is trading above the 20-Day and 50-Day Moving averages of $0.0340 and $0.0360 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 39.
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