Life Time To Expand cbdMD Product Sales In All Cafes Due To Strong Retail Sales Performance and Sell Through
October 22 2020 - 7:30AM
Business Wire
cbdMD, Inc. (NYSE American: YCBD, YCBD PR A) announced today
that Life Time, the nation's premier healthy lifestyle brand, will
be expanding their cbdMD product sales into all its Life Time Cafes
nationwide as of November 1, 2020, due to the brands’ strong retail
sales performance and sell through. As a wellness pioneer, Life
Time is reshaping the way consumers approach their health by
integrating where consumers play, work and live – all with the
primary objective of helping people lead healthy, happy lives. With
more than 150 destinations in 41 major markets across the U.S. and
Canada, Life Time operates luxury athletic resorts, owns and
produces iconic athletic events and is expanding its brand though
Life Time Work premium coworking spaces and Life Time Living
high-end leased residences.
About cbdMD, Inc.
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 and Life
Time, Inc., 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,
non-THC1 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.
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, increased sales
resulting from the expansion of our products in the Life Time
Cafes, and our ability to increase our market share, challenges
related to the impact of the COVID-19 environment, our limited
operating history, our ability to expand our business and
significantly increase our net sales, our ability to effectively
leverage our brand partnerships and sponsorships, our ability to
effectively compete in our market, and our ability to report
profitable operations in the future. 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 amended, and our Quarterly Report
on Form 10-Q for the period ended June 30, 2020, both 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.
1 Non-THC is defined as below the level of detection using
validated scientific analytical tools.
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version on businesswire.com: https://www.businesswire.com/news/home/20201022005194/en/
John Weston Director of Investor Relations john.weston@cbdmd.com
704-249-9515
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