CHARLOTTE, N.C., Feb. 26, 2020 /PRNewswire/ -- cbdMD, Inc., a
nationally recognized consumer cannabidiol (CBD) brand (NYSE
American: YCBD), recently began shipping newly reformulated
selections of the company's extensive CBD-infused product
suite.
Described by cbdMD as Superior Broad Spectrum, the new
formula features precise, consistent levels of hemp-derived
cannabinoids in every product batch through the use of premium CBD,
cannabigerol (CBG), cannabinol (CBN), and additional plant
terpenes. All of cbdMD's enhanced Superior Broad Spectrum products
remain THC-free.*
"Our reformulated product line represents the only consistently
quantifiable broad spectrum CBD formula available to date," said
cbdMD President and Co-founder, Caryn
Dunayer.
For Dunayer, the move is a vehicle for redefining the industry
with a truly Superior Broad Spectrum option that CBD users can
utilize with absolute confidence.
"Although CBD concentrations remain consistent with traditional
broad spectrum extraction techniques, the supporting cannabinoid
and terpene profiles vary significantly. For a truly superior
product, it's important to offer efficacious concentrations across
all the major cannabinoid and terpene profiles. Consumers
inherently deserve better, and our Superior Broad Spectrum formula
provides peace of mind through transparency and unparalleled
accuracy."
Dunayer continued, "In short, we've changed the game with
our new manufacturing process and raised consumer expectations to a
whole new level."
The new formula is underscored by a more refined and
sophisticated packaging concept which will allow the brand to
continue aligning with larger distribution opportunities and
overall retail deployment.
The move to Superior Broad Spectrum marks yet another industry
first for cbdMD. The company was the first pure-play CBD company to
publicly trade on the New York Stock Exchange (NYSE: American), the
first to digitally advertise in New York
City's Times Square, the first to partner with a major
professional sports league, the first to partner with a Masters
champion (Bubba Watson), and the
first to partner with a nationwide fitness club (Life Time,
Inc.).
Alongside the recent formula change that rolled out in early
February, cbdMD continues to make consumer outreach and education a
top priority. The company is the Official Founder of National CBD
Day and National Hemp Day – each serving as awareness tools for the
entire hemp industry. cbdMD also provides onsite CBD education at
major athletic events such as the Life Time Miami Marathon and Half
Marathon, Presented by cbdMD, which attracts over 20,000
athletes annually.
Brightfield Group, the leading consumer insights and market
intelligence firm for the CBD industry, named cbdMD the top CBD
brand in unaided consumer awareness and customer
satisfaction.1 In February
2020, two of their products (CBD Freeze Pain Relief Gel and
CBD PM) were named Product of the Year for innovation based on a
survey of 40,000 consumers by independent research group Kantar.
This year marks the first time Product of the Year provided
categories for CBD products, with cbdMD winning both awards for CBD
Topical and CBD Sleep Aid.
cbdMD's newly enhanced Superior Broad Spectrum CBD products are
available to consumers at the company's retail website,
www.cbdMD.com.
New wholesale customers can make inquiries through the cbdMD
wholesale page. Current wholesale account holders may make
purchases through regular channels.
About cbdMD
cbdMD, Inc. is a nationally recognized
consumer cannabidiol (CBD) brand whose current products include CBD
tinctures, CBD capsules, CBD gummies, CBD topicals, CBD bath bombs,
and CBD pet products. cbdMD is also a proud partner of Bellator
MMA, Life Time, Inc., and Supercross, and has one of the largest
rosters of professional sports athletes who are part of "Team
cbdMD." To learn more about cbdMD and our comprehensive line of
over 100 SKUs of U.S. produced, THC-free* CBD products,
please visit www.cbdMD.com, follow cbdMD on Instagram
and Facebook, or visit one of the 4,000 retail outlets that
carry cbdMD products.
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. You are urged to carefully review and
consider any cautionary statements and other disclosures, including
the statements made under the heading "Risk Factors" in cbdMD,
Inc.'s Annual Report on Form 10-K for the fiscal year ended
September 30, 2019, as filed with the
Securities and Exchange Commission (the "SEC"), 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 cbdMD, Inc. and
are difficult to predict. cbdMD, Inc. does not undertake any duty
to update any forward-looking statements except as may be required
by law. The information which appears on our websites and our
social media platforms, including, but not limited to, Instagram
and Facebook, is not part of this press release.
MEDIA CONTACTS:
cbdMD PR
PR@cbdMD.com
1 (800) 973-3984
Investors:
John Weston
john.weston@cbdMD.com
704-249-9515
1 (800) 973-3984
info@cbdMD.com
*THC-free is defined as below the level of detection
using valid scientific analytical tools.
1https://www.businesswire.com/news/home/20191113005088/en/Newly-Released-Brightfield-Group-Study-Ranks-cbdMD
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SOURCE cbdMD