The wellness industry has grown by leaps and bounds over the past few years, and there are a number of companies that could be worth looking into at this point. One of those could be the innovative wellness product development company Branded Legacy Inc. (OTC:BLEG). Yesterday, the company came into focus after it announced the signing of a major white label agreement between Kava & Hobbs LLC and Royal Biotek, a Branded Legacy subsidiary.
The collaboration was significant since it marked the beginning of efforts from the company in the fast-growing wellness-focused vaping products space. As per the provisions of the agreement, Branded Legacy would be responsible for supplying Kava & Hobbs with 6,000 units of the path-breaking Kava Vapes product in each order. Each order would command a valuation of about $50,000. The advanced vaping products would feature a formulation that combines terpene blends and CBD. Additionally, it would be blended with proprietary Kava extract of high purity, which would differentiate the product as an unmatchable product in the market.
In this context, it should be noted that the expertise in branding and product development possessed by Royal Biotek allowed the company to go for two different products meant specifically for Kava & Hobbs. The products are Zen Tiki and Sleepy Tiki. The products had been developed to aid in restful sleep and relaxation and also provide consumers with an unprecedented vaping experience that would promote mindfulness and wellness.
The Chief Executive Officer of Branded Legacy, David Oswald, spoke about the latest collaboration yesterday. He noted that everyone at the company was excited at having signed up for a partnership with Kava & Hobbs, thereby helping with further expansion of the Kava Vapes. He went on to note that the white label collaboration was also a demonstration of the commitment of Branded Legacy to the delivery of effective and high-quality products.
