Kathy Ireland Comments on Level Brands Purchase of cbdMD
January 14 2019 - 8:00AM
Business Wire
Level Brands, Inc. (NYSE American: LEVB, the “Company”): Kathy
Ireland, CEO of kathy ireland Worldwide and Chairman Emeritus and
Chief Brand Strategist of Level Brands, commented on the recent
acquisition completion by the Company of the nationally recognized
consumer brand cbdMD.
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the full release here:
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“Over a year ago, we began to lead our efforts at Level Brands
into the CBD business, through our kathy ireland Health &
Wellness licensing unit. Since that time, we have learned a
tremendous amount about CBD and the potential positive health
benefits of this compound. In December, the Farm Bill was approved,
and CBD is no longer listed as a Schedule 1 controlled substance.
We believe the CBD market will dramatically and exponentially
expand. With this incredible opportunity before us, we moved
forward into the CBD industry and purchased cbdMD, a premier and
nationally recognized, consumer CBD brand. Brand building is
complex, rewarding and extraordinarily hard work, particularly in
an industry which is so misunderstood by the very people we seek to
help. We welcome Scott Coffman to our Board and Caryn Dunayer as
President of cbdMD. Scott and Caryn, our innovative leaders, have
done that extraordinarily hard work and continue to lead our
company in powerful ways. We encourage everyone, including media
and customers, to please visit and experience our ecommerce website
at www.cbdMD.com, and purchase any of our wonderful products
which are currently available at more than 700 retail locations
nationwide. We are very proud that cbdMD manufactures its premium
line of products at a North Carolina facility, using 100%,
all-natural CBD extracted from organic, non-GMO, vegan, and
gluten-free industrial hemp grown in the USA. We have a special
place in our hearts for North Carolina. kathy ireland Worldwide was
launched in this great state over 25 years ago with the Moretz
family of Hickory, North Carolina, who continue as our partners
today. With the acquisition of cbdMD, we believe Level Brands now
becomes one of the leading CBD consumer companies in America. The
cbdMD brand is showing consistent month-over-month double-digit
growth rates and, with our available capital, we believe we can
significantly accelerate awareness, revenue growth and implement an
aggressive expansion and brand positioning plan which we believe
will yield continued significant growth rates. We believe cbdMD
will continue to gain significant market share in this growing
industry. Our goal is to make cbdMD the #1 consumer CBD brand
globally”, said Ms. Ireland.
Historic information on cbdMD’s products can be found in the
presentations furnished in a Current Report on Form 8-K as filed by
Level Brands on December 21,
2018 https://www.sec.gov/Archives/edgar/data/1644903/000165495418014196/0001654954-18-014196-index.htm
About Level Brands
Level Brands is an innovative brand management and licensing
company that provides bold, unconventional, and socially
responsible branding for leading businesses. Level Brands owns
and operates the nationally recognized consumer cannabidiol (CBD)
brand cbdMD, whose current products include CBD gummies, CBD
tinctures, CBD topical, CBD bath bombs, CBD oils, and CBD pet
products. The Company's primary licensing and corporate brand
management businesses target consumer products in the health and
wellness space and other high-demand verticals, bringing innovative
products to market under the kathyireland® Health &
Wellness; Ireland Men One (I'M1), and Encore Endeavor One (EE1)
brands.
Forward-Looking Statements
This press release contains certain forward-looking statements
that are based upon current expectations and involve certain risks
and uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking statements can
be identified by the use of words such as ''should,'' ''may,''
''intends,'' ''anticipates,'' ''believes,'' ''estimates,''
''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and
''proposes.'' These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties, and
other factors, some of which are beyond our control and difficult
to predict and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements,
including, without limitation, statements made with respect to the
expansion of the consumer market for CBD products and our ability
to increase cbdMD’s market share post-closing, among others. You
are urged to carefully review and consider any cautionary
statements and other disclosures, including the statements made
under the heading "Risk Factors" in Level Brands, Inc.'s Annual
Report on Form 10-K for the fiscal year ended September 30, 2018 as
filed with the Securities and Exchange Commission (the "SEC") on
December 12, 2018 and our other filings with the SEC. All
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements, many of which are
generally outside the control of Level Brands, Inc. and are
difficult to predict. Level Brands, Inc. does not undertake any
duty to update any forward-looking statements except as may be
required by law.
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Investors:RedChip CompaniesCraig Brelsford,
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