Branded Legacy Inc (OTCMKTS:BLEG) Stock Gains momentum: Here is Why
Branded Legacy Inc (OTCMKTS:BLEG) announced a significant transition due to a transformative vision and new management. The announcement on May 30, 2023, is part of a strategic revamp and will see the firm bidding adieu to Elev8 Hemp, LLC, Alpha Growers, LLC,and Versatile Industries, LLC. It will redirect focus towards the field of biotechnology.
Trading Data
On Tuesday, BLEG stock ended flat at $0.0046 with more than 1.31K shares, compared to its average volume of 370.08K shares. The stock moved within a range of $0.0046 – 0.0046 after opening trade at $0.0046.
Branded Legacy, Inc. Welcomes New Management Team and Announces Strategic Transformation Into Biotech Industry
Branded Legacy Inc is leading the strategic transformation for positioning itself as a force in the biotech industry. The new management team brings a wealth of experience in research, biotech, development, and commercialization. The team is committed to driving its vision of becoming a leading player in the biotech sector, forging strategic partnerships as well as fastening the development of therapies andinnovative products.
The company has agreed on the resignations from Jermain Strong as CEO and Brandon Spikes from the position of Chairman. Furthermore, Phillip Friedman and Curtis Youngwill be removed as independent directors. The decision demonstrates the company’s commitment to bringing together an advisory team and a board of directors with a robust focus on the biotech industry.
The company also announced the appointment of Phillip Michael White as the Chief Science Officer, as it aims to leverage the profound knowledge and scientific expertise for driving innovation. David Christopher Oswald will be the new CEO.
