Branded Legacy, Inc. (BLEG)
Climate Impact & Sustainability Data (2019, 2020, 2021, October 2023 - Q4)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Sustainability
Climate Goals & Targets
Environmental Challenges
- High competition in the hemp market.
- Significant operating losses raising substantial doubt about the ability to continue as a going concern.
Mitigation Strategies
- Increased marketing and sales efforts, including hiring additional sales representatives.
- Plans to increase liquidity and continue to increase funding for operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Become the top Hemp and CBD Coffee Company in the country.
Short-term Goals:
- Increase liquidity and funding for operations.
- Expand sales team to five representatives.
Environmental Challenges
- High competition in the hemp market.
- COVID-19 pandemic impacting supply chain and distribution agreements.
- Need for increased funding for operations and marketing.
Mitigation Strategies
- Renegotiated lease rate.
- Discontinuation of unfavorable distributor agreements to sign larger, more favorable ones.
- Hiring of sales associates to handle existing and outside sales.
- New distribution partnership with Q Wellness.
- Launch of new holiday flavor and advertising campaign.
- Elev8 Hemp Trademark approval and Amazon Brand Registry registration.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Competition in the hemp market is high.
- COVID-19 pandemic impacted supply chain and distribution agreements.
Mitigation Strategies
- Focusing on premium quality products and transparency.
- Signing larger, more favorable distribution agreements.
- Expanding sales team and marketing efforts.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: October 2023 - Q4
Environmental Metrics
ESG Focus Areas
- Sustainability
- Ethical Sourcing
- Scientific Advancement
Environmental Achievements
- Expansion into co-packing services with recycled materials for building materials and textiles
- Closing the loop on hemp industry waste
Social Achievements
- Partnership with Sacred Leaf LLC providing access to a retail location for product soft-release and consumer feedback
- Registered provider through the Novus Cannabis MedPlan, offering products to a network of over 5000 subscribers and at over 300 dispensaries nationwide
Governance Achievements
- Stock share restructuring: retired 1.6 billion shares and plans to retire more, reducing preferred classes to three
- Secured a $1 million line of credit at a fixed interest rate
Climate Goals & Targets
Medium-term Goals:
- Exponential revenue growth over the next 3-5 years
Short-term Goals:
- Roll out new products and capabilities
Environmental Challenges
- Meeting expanding demand for processing capacity
- Navigating the ever-evolving landscape of biotechnology
Mitigation Strategies
- Strategic acquisitions (The Alcannabist, Rocket Web Development and Design), partnerships (Sacred Leaf LLC), and securing a line of credit
- Proactive identification and implementation of robust mitigation strategies
Supply Chain Management
Responsible Procurement
- Securing long-term alkaloid supply contracts