cbdMD to Donate Up to $500,000 from Sales to Aid Barstool Fund
02 February 2021 - 1:15AM
Business Wire
Visit cbdMD.com for 25% off by purchasing
any topical; cbdMD will match 25% or up to $500K
cbdMD, Inc. (NYSE American: YCBD, YCBDpA) (the “Company”), one
of the world’s leading and most highly trusted and recognized
health & wellness CBD companies, announced today that it will
donate up to $500,000 from its online sales to The Barstool Fund.
In response to New York City’s shut down of indoor dining without a
plan in place, David Portnoy and Barstool Sports have set up The
Barstool Fund. The fund is not only helping restaurants and bars,
but it is here for all small businesses around the country in need
of help due to the effects of COVID-19. In under two months,
Barstool Sports has raised over $30 million and has reached out to
more than 150 businesses and counting.
“As fellow entrepreneurs and small business owners, we know
firsthand how difficult the COVID-19 pandemic has been for so many
small business owners here in America. Scott Coffman and I are
honored for cbdMD to join Dave Portnoy in helping other businesses
during this time of need. Small businesses are the backbone of the
American economy; it’s good for America when small businesses
thrive, and we urge other business owners to help however you can,
as soon as you can,” said Marty Sumichrast, Chairman &
Co-CEO of cbdMD, Inc.
“Beginning today, through the end of February, any topical
purchased through cbdMD.com using code BARSTOOLFUND will
receive a 25% discount. cbdMD, Inc. will then match the 25%
discount in a cash donation to The Barstool Fund, up to $500,000.
This way, not only do our customers win, but so do small businesses
that The Barstool Fund will aid,” said Sumichrast. See offer
details below for more information.
About cbdMD, Inc.
cbdMD, Inc. is one of the world’s leading, most highly trusted
health & wellness CBD companies, whose current products include
CBD tinctures, CBD capsules, CBD gummies, CBD topicals, CBD
botanical skincare products, CBD bath bombs, and CBD pet products.
To learn more about cbdMD and our comprehensive line of over 100
SKUs of U.S. produced, THC-free1 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 and our ability
to increase our market share, our limited operating history, our
ability to expand our business and significantly increase our
revenues, our ability to effectively leverage our brand
partnerships and sponsorships, our ability to effectively compete
in our market, our ability to achieve our net sales guidance, 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, 2020 as filed with the
Securities and Exchange Commission (the "SEC") on December 20, 2020
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 THC-free is defined as below the level of detection using
validated scientific analytical tools.
OFFER DETAILS:
Offer ends 11:59:59 p.m. PT on 2/28/21, or when $500,000 cap is
reached. Void in MA, AL, IL, SC, MS & HI. 25% donation is based
on price paid for product(s), excluding tax, shipping or other
charges. Donation is to 30 Day Fund, Inc., DBA Barstool Fund, a
501(c)(3) charity, to help small businesses meet payroll, pay
rent/utilities, and support employee benefits in all fifty states.
Learn more about the program at
https://www.barstoolsports.com/the-barstool-fund, and about 30 Day
Fund, Inc. at https://va30dayfund.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210201005103/en/
PR:
cbdMD, Inc. Lauren Greene Communications Specialist
Lauren.Greene@cbdMD.com (843) 743-9999
Investors:
cbdMD, Inc. John Weston Director of Investor Relations
John.Weston@cbdMD.com (704) 249-9515
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