cbdMD Signs Multi-Year, Exclusive Retail Distribution Agreement With Life Time, Inc.
September 08 2020 - 6:55AM
Business Wire
Agreement Provides cbdMD Direct Access To
Nearly 2 Million Life Time Members
cbdMD Brand Will Be Sold In Life Time
Centers And Online at Shop.LifeTime.Life
cbdMD, Inc. (NYSE American: YCBD, YCBD PR A) (the “Company”),
one of the leading, most highly trusted, and most recognized
cannabidiol (CBD) brands, has signed a multi-year, exclusive retail
distribution agreement with Life Time, Inc., the premier healthy
lifestyle brand. As part of the agreement, cbdMD’s award-winning
products will be available for sale in Life Time destinations and
in the coming months also available in its online health store at
shop.lifetime.life.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200908005234/en/
cbdMD expands on exclusive sponsorship
agreement with Life Time. (Photo: Business Wire)
“Since the launch of our exclusive sponsorship agreement with
cbdMD, our members across the country have learned more about their
products and solutions”, said Kimo Seymour, senior vice president
of Life Time Events and Media. “As one of the most trusted CBD
brands on the market, we are pleased to expand our relationship
with a multi-year vendor agreement under which we make cbdMD’s
products available for direct purchase at our Life Time
destinations and via our online Health Store”.
“We are really excited about expanding our relationship with
Life Time. We want to continue providing their members with
opportunities to have easy access to our products and help them in
their healthy way of life,” said Pancho Mangual, EVP of Sales at
cbdMD, Inc.
The new retail distribution agreement expands cbdMD’s original,
exclusive marketing and sponsorship agreement from October 2019. As
the Exclusive CBD Partner of Life Time, cbdMD has a presence within
all Life Time clubs, including its internal TV channel, digital
signage, atrium signage, banner units, and poster units, as well as
in Experience Life magazine print and digital media. cbdMD is also
the annual sponsor of numerous Life Time events, including
Presenting Sponsor of The Miami Marathon and Half Marathon, Title
Sponsor of Chicago Tri, the world’s largest triathlon, Escape to
Miami Tri and Big Sugar gravel bike race, and Official Sponsor of
the New York City Tri, Minneapolis Tri, Crusher in the Tushar,
Chequamegon, Lutsen 99er and Barn Burner bike races, Chicago Spring
and Fall Half Marathons, Turkey Day 5Ks in Minneapolis, Chicago and
Miami and the iconic Leadville Race Series.
About Life Time, Inc.
As a wellness pioneer, Life Time is reshaping the way consumers
approach their health by integrating where we 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. For more information visit
lifetime.life.
About cbdMD, Inc.
cbdMD, Inc. is one of the leading, most highly trusted, and most
recognized cannabidiol (CBD) brands, 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 and our ability
to increase our market share, 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,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200908005234/en/
Investors: John Weston Director of Investor Relations
john.weston@cbdmd.com 704-249-9515
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