Branded Legacy (OTCMKTS:BLEG) Stock In Focus After Latest Development
Shares of Branded Legacy (OTCMKTS:BLEG) have been trading within a narrow range over the past few sessions.
Market Stats
On Thursday, BLEG stock up by 0.64% to $0.0313 with 15.26k shares, compared to its average volume of 19k shares. The stock moved within a range of $0.0311 – 0.0402 after opening trading at $0.0402.
Branded Legacy, Inc. Sales Are Expanding Throughout Gainesville, Florida
Holding company focusing on commercial development of cannaboid-infused beverages and hemp, Branded Legacy (OTCMKTS:BLEG) on February 17, 2022 confirmed on receiving orders for Spikes CBDX Delta 8 Gummies in several new stores in Gainesville. The gummies are ensuring new accounts even as reorders continue to come in from existing companies. Branded Legacy sales team is focusing on growing the footprint in Florida area. In the current week, Spikes CBDX Delta 8 gummies can be seen in three new locations.
Furthermore, Elev8 Hemp is making progress in upstate New York with fresh wholesale distribution partner for facilitating expansion of hemp coffee brand into local retail establishments. This would open up opportunities in Buffalo, where Chairman, Brandon Spikes, was a linebacker for the Buffalo Bills.
President of Branded Legacy, Brandon White said that the company is liking the positive response from both current as well as new retail stores. White added that the company is aware that getting Spikes CBDX into the local markets was critical. The President opined that this is just the start on bringing exciting products to customers.
Spikes CBDX, line of CBD products, assist athletes to perform better, recover faster as well as avoid injuries. Elev8 Hemp’s mission is to provide highest-quality and organic hemp products to consumers.
Key Quote
President of Branded Legacy, Brandon White, states, “We are loving the positive response from our current and new local retail stores. We knew getting Spikes CBDX into the local markets was crucial. We are excited to bring our wonderful products to their customers. This is only the beginning!”
Traders Corner
BLEG stock is trading below the 20-Day and 50-Day Moving averages of $0.0358 and $0.0395 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0554.
