CHARLOTTE, N.C., May
1, 2019 /PRNewswire/ -- cbdMD Industries, America's leading
CBD consumer brand, announced today that the company's ticker
symbol on the New York Stock Exchange (NYSE) American will change
from "LEVB" to "YCBD." "It only seems appropriate that as the first
CBD company to be publicly traded in the U.S., we secure a ticker
symbol representative of the brand's primary focus," said
Caryn Dunayer, President of cbdMD
Industries.
YCBD is a symbol as well as the question many Americans are
asking. Dunayer continues, "We're here to provide insight and help
educate consumers properly within such a rapidly growing
space."
A company of 'firsts', YCBD is not only first to the NYSE
American, they were the first to advertise in Times Square and the
first to advertise in Rolling Stone and ELLE magazines. This ticker
represents cbdMD as the consistent leader and innovator in this
booming market.
Celebrity athlete and former UFC Light
Heavyweight Champion, Quinton "Rampage" Jackson, will join
Dunayer and cbdMD Chairman, Marty
Sumichrast, on the NYSE trading floor for the official
launch. If anyone knows about pain, both giving and recovering from
it, it's Rampage. "cbdMD has been my secret in and out of the
octagon," said Jackson. "They have something for everyone. Real
talk, CBD really works!"
"This NYSE ticker name change is a huge stride toward our future
plans," added Dunayer. "We've planted our roots in the CBD industry
and committed to pushing the boundaries and opening up new
opportunities. As we continue to grow and reach new heights, our
focus will always be centered around CBD education and helping our
customers obtain premium products at an affordable price."
The abbreviated representation of the Company's ticker is a huge
landmark for the CBD industry. The American stock market recognized
the change as of May 1, 2019 at
8:00 am.
"We are making history today," said Sumichrast. "cbdMD continues
to lead the way in America's CBD industry. On behalf of all of our
employees, I look forward to updating you on this exciting company
during our quarterly earnings call in May."
The ticker name change will not disturb trades or markets.
About cbdMD
cbdMD is a nationally recognized consumer cannabidiol (CBD) brand
whose current products include CBD tinctures, CBD gummies, CBD
topical, CBD bath bombs, CBD oils, and CBD pet products. The
company also operates licensing and corporate brand management
businesses as well as the products division.
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
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.
Public Relations:
Danielle Crary
info@cbdMD.com
1 (800) 973-3984
Investors:
RedChip Companies
Dave Gentry, 407-491-4498
dave@redchip.com
View original
content:http://www.prnewswire.com/news-releases/cbdmd-inc-to-change-nyse-american-ticker-from-levb-to-ycbd-300838233.html
SOURCE cbdMD