news 5 days ago

cbdMD Expands Sponsorship with Professional Golfer Bubba Watson

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cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBD PR A) (the “Company”), one of the leading, and most highly trusted and recognized cannabidiol (CBD) brands, announced today that it is expanding its exclusive CBD partnership with 12-Time PGA Tour Winner and Two-Time Masters Champion Bubba Watson. The partnership will continue through the end of 2022 and includes prominent logo display and collaboration both on and off the golf course. Bubba will serve as a main headliner of the brand’s premier athletic sponsorship program, “Team cbdMD,” within its upcoming marketing and advertising campaigns.

“For over 20 years, I have worked hard to prepare my body to compete at the highest level of this sport. I have made a multi-year commitment to cbdMD because I trust their products to help me maximize my performance, both on and off the course. Twenty five million active golfers in the US should, as well.” “Since I started taking cbdMD's products about a year and a half ago I get more restful sleep, maintain my focus and recover quicker.”

Since signing Bubba Watson in May 2019, cbdMD has tracked the consumer habits of CBD throughout the golf community and intends to utilize this extensive data in targeted marketing and media advertising campaigns. cbdMD targets over 25 million US golfers through its DTC business model and over 15,000 golf course pro shops in the US via its wholesale division.

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.

About Bubba Watson

Bubba Watson is a golf icon, having won 2 green jackets and 12 PGA Tour events. Bubba is as passionate about his off course charity projects and giving back as he is about his performance on the golf course. Follow Bubba on Instagram, Twitter @bubbawatson and Facebook @bubbawatsongolf.

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 our brand awareness and increased sales related to our partnership with Bubba Watson, 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 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, 2019, 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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