Branded Legacy Inc. (OTC:BLEG) Stock In Focus After Acquisition News
There were a large number of companies that had come into the news cycle on Tuesday, and this morning, many of those companies would be on the radars of investors. A company that may be looked into at this point is Branded Legacy Inc. (OTC:BLEG), which announced that it had been successful in boosting its assets to as much as $3787215. That reflected a rise of as much as 1412% when compared to the end of the third fiscal quarter.
The company, which is one of the major innovators in research, production, and development, could see its stock getting attention today owing to the announcement. In the news release, it was also noted that Branded Legacy had recently acquired a laboratory as well as packing equipment that boosted its production and packaging operations, as well as research and development work. The wide range of equipment that the company managed to acquire would enable the company to create controlled research environments, conduct exact chemical composition studies, and handle the different stages of product development efficiently.
It was also revealed that the company acquired the equipment at a cost of $106,500, but the equipment’s value was $252,900, and it incurred no extra debt over the transaction either. Valiant Eagle would work on deploying the capabilities of the new equipment to speed up its research processes, boost the quality of its products, and meet the rising demands of its customers.
The Chief Executive Officer of the company, David Oswald, spoke about the development as well. He stated that everyone at the company was thrilled at the fact that the company had managed to boost its operational capacity. The new equipment would help the company get rid of some of the major choke points in the production process. He went on to add that the investment was a demonstration of the company’s commitment to providing its clients with the best-quality products and services.
