Level Brands' Kathy Ireland comments on cbdMD acquisition
Kathy Ireland, CEO of kathy ireland Worldwide and chairman emeritus and chief brand strategist of Level Brands, commented on the recent acquisition completion by the company of cbdMD. "Over a year ago, we began to lead our efforts at Level Brands into the CBD business, through our kathy ireland Health & Wellness licensing unit. Since that time, we have learned a tremendous amount about CBD and the potential positive health benefits of this compound. In December, the Farm Bill was approved, and CBD is no longer listed as a Schedule 1 controlled substance. We believe the CBD market will dramatically and exponentially expand. With this incredible opportunity before us, we moved forward into the CBD industry and purchased cbdMD, a premier and nationally recognized, consumer CBD brand. Brand building is complex, rewarding and extraordinarily hard work, particularly in an industry which is so misunderstood by the very people we seek to help. We welcome Scott Coffman to our Board and Caryn Dunayer as [resident of cbdMD. Scott and Caryn, our innovative leaders, have done that extraordinarily hard work and continue to lead our company in powerful ways. We encourage everyone, including media and customers, to please visit and experience our ecommerce website at www.cbdMD.com, and purchase any of our wonderful products which are currently available at more than 700 retail locations nationwide. We are very proud that cbdMD manufactures its premium line of products at a North Carolina facility, using 100%, all-natural CBD extracted from organic, non-GMO, vegan, and gluten-free industrial hemp grown in the USA. We have a special place in our hearts for North Carolina. kathy ireland Worldwide was launched in this great state over 25 years ago with the Moretz family of Hickory, North Carolina, who continue as our partners today. With the acquisition of cbdMD, we believe Level Brands now becomes one of the leading CBD consumer companies in America. The cbdMD brand is showing consistent month-over-month double-digit growth rates and, with our available capital, we believe we can significantly accelerate awareness, revenue growth and implement an aggressive expansion and brand positioning plan which we believe will yield continued significant growth rates. We believe cbdMD will continue to gain significant market share in this growing industry. Our goal is to make cbdMD the #1 consumer CBD brand globally" Ireland said.