cbdMD serves as the first CBD company to win
Product of the Year in consecutive years, earning 2021 top honors
in “CBD Ingestible” for its CBD Gummies, while its Paw CBD brand
secures category first “CBD Pet” award with its CBD Hard Chews for
Dogs
cbdMD, Inc. (NYSE American: YCBD, YCBDpA) (the “Company”), one
of the leading, and most highly trusted and recognized cannabidiol
(CBD) brands, is proud to announce that both its cbdMD product line
and its CBD pet product line, Paw CBD, have been named 2021 Product
of the Year winners - with cbdMD serving as the first CBD brand to
ever earn the prestigious award in back-to-back years. America's
largest consumer-voted award for product innovation for over 13
years, Product of the Year is chosen annually by 40,000 American
consumers in a national survey organized by Kantar, a global leader
in consumer research. Along with serving as the first CBD company
to win Product of the Year since the CBD category was introduced in
2020, this year, cbdMD’s CBD Gummies were named the most
innovative product in the CBD Ingestibles category, adding to its
2020 Product of the Year wins in the CBD Sleep Aid and CBD Topical
categories. In addition, Paw CBD’s CBD Hard Chews for Dogs
earned 2021 Product of the Year honors in the CBD Pet category, a
Product of the Year award first for the pet-friendly brand powered
by cbdMD.
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Made with quality ingredients for superior flavor and texture,
and properly sourced with cbdMD’s patent-pending Superior Broad
Spectrum formula, 2021 CBD Ingestible Winner cbdMD CBD
Gummies are bite-sized chewables that are infused, rather than
coated, with CBD, providing a THC-free[1] option for gaining the
whole-body benefits of CBD, along with valuable terpenes. Paw CBD’s
veterinarian-formulated CBD Hard Chews for Dogs combine the
powerful properties of premium THC-free[1] CBD oil with rich,
creamy peanut butter - made with real peanuts - into one simple,
tasty treat.
“When it comes to determining the ‘best of the best’, we believe
Product of the Year and its iconic red seal is the gold standard
for brands nationwide. In a heavily saturated market, we are
humbled to be recognized as a leader within the CBD industry and to
see our products again be awarded this top distinction. This year
is especially exciting, as both our cbdMD and Paw CBD brands were
awarded top honors,” said Marty Sumichrast, co-CEO of cbdMD,
Inc.
“For all the obvious reasons, shoppers are spending less time in
the supermarket than ever, but still crave new and innovative
products to lighten up these difficult times. Because of this, we
are more excited than ever to announce the 2021 Product of the Year
winners and help shoppers find that ‘great new product’ when it
matters most, however they do their shopping this year,” said
Mike Nolan, Global CEO of Product of the Year Management.
“What makes Product of the Year so trusted is our unique process,
which gives shoppers the confidence that each product with our
iconic red logo is backed by 40,000 Americans. That’s a powerful
advantage for our 2021 winners, as a Product of the Year Award
positions them as THE innovative leader in their category.”
The 41 winners of the 2021 Product of the Year Awards were
celebrated in a Virtual Awards Show, presented by Saturday Night
Live alumni Rachel Dratch and Ana Gasteyer, on DailyMail.com. As
additional resources, the 2021 Product of the Year winners are also
highlighted in partnership with Hearst, including WomansDay.com, a
leading online lifestyle destination, and Ensemble IQ, a premier
business intelligence resource with publications including
Progressive Grocer, Store Brands, Drug Store News, Convenience
Store News and CBD Retail Insights. cbdMD, Inc. intends to leverage
the distinctive red "Voted Product of the Year" seal across all
marketing channels, including product packaging, advertising,
promotions, social media accounts, and brand website.
About cbdMD, Inc.
cbdMD, Inc. is one of the world’s leading, most highly trusted
health and wellness CBD companies. Our current product lines
include CBD tinctures, CBD capsules, CBD gummies, CBD topicals, CBD
sleep aids, CBD Botanicals skincare products and CBD bath bombs
marketed under our cbdMD brand, and CBD pet products including CBD
tincture, CBD hard chews, CBD calming tinctures, CBD pet chews, CBD
peanut butter and CBD topicals marketed under our Paw CBD brand. To
learn more about cbdMD and our comprehensive line of over 130 SKUs
of U.S. produced, THC-free[1] CBD products, please visit
www.cbdMD.com, follow cbdMD on Instagram and Facebook, or
visit one of the 6,000 retail outlets that carry cbdMD
products.
About Product of the Year
Product of the Year is the largest consumer-voted award for
product innovation. Established over 30 years ago, POY currently
operates in over 40 countries with the same purpose: Guide
consumers to the best products in their market and reward
manufacturers for quality and innovation. Product of the Year
winners are backed by the votes of 40,000 consumers in a national
representative study conducted by research partner Kantar, a global
leader in consumer research. The award is a powerful merchandising
program for marketers proven to increase product sales,
distribution and awareness. Winning products are announced in
February each year and receive the right to use the Product of the
Year logo in marketing communications for two years.
[1] THC-free is defined as below the level of detection using
validated scientific analytical tools.
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, 2020 as filed
with the Securities and Exchange Commission (the "SEC") on December
22, 2020 and our other filings with the SEC. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210219005436/en/
PR:
5W Public Relations cbdMD@5WPR.com (212) 999-5585
Investors:
cbdMD, Inc. John Weston Director of Investor Relations
john.weston@cbdmd.com (704) 249-9515
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