Strategic Management & Opportunity Corp (OTC: SMPP) Purchases Magic 1 Promotions
December 13, 2022 — Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of cannabinoid-infused products from CBD topicals and tinctures to edibles is pleased to announce it has sold Magic 1 Promotions, LLC to Strategic Management & Opportunity Corp (OTC: SMPP). Strategic Management & Opportunity acquired all the membership interest in Magic 1 Promotions, LLC in exchange for One Million ($1,000,000), to be paid in a combination of One Hundred Million (100,000,000) restricted common shares of Strategic Management & Opportunity Corp. (OTC: SMPP) and cash.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We are really excited about this transaction and the additional value it brings to our shareholders. We recently did a similar transaction with another public company and have seen a very positive response. By strategically spinning off assets that are not our primary focus, we are able to grow the business successfully for the benefit of our shareholders and allow our shareholders to be vested in multiple companies.”
Spikes Continued “Following the transaction we plan to issue our shareholders a dividend from the shares of the purchasing company used to purchase Magic 1 Promotions. Furthermore, this may help Magic 1 Promotions obtain the funding necessary for its projected growth. We are currently working with our SEC attorney on one dividend and will be engaging our attorney for this dividend as well. Will release updates as we have them.”
In a previous news release, the company announced the acquisition of ReelSkinz. ReelSkinz is more than just a lifestyle brand; it is a company that combines practicality, protection, and fashion into the ultimate ocean and outdoor apparel.
Spikes concluded, “We have been in communication with our transfer agent in regard to updating the authorized shares. We have been assured during their monthly update to OTC Markets, that the transfer agent will be updating the authorized shares to six hundred million (600,000,000).”
About Spikes CBDX: Spikes CBDX is a line of CBD products designed to assist athletes perform better and recover faster. The Company believes that post workout recovery, with Spikes CBDX products, can lower inflammation, aid in making your body stronger, and help recover from injuries naturally. The CBD line also targets individuals who are looking for pain relief, better sleep, faster recovery and lowering inflammation. Spikes CBDX provides tinctures, lotions, moisturizer, and cryo-gel roll-ons. To view all the Spikes CBDX products please visit: spikescbdx.com.
About Versatile Industries: Versatile Industries, LLC is an acquisition company used to incubate companies to eventually spin off into their own public vehicles. Currently owns patent for a sports training assembly called The Quickness, a solar and water treatment company Magic 1 Promotions h2oandsolarsolutions.com, LLC and Astound NMN. By supplementing NMN it helps maintain NAD+ levels, ultimately slowing the effects of aging. www.astoundnmn.com