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    YCBD   US12482W1018

CBDMD, INC.

(YCBD)
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cbdMD : Partners with 2018 Masters Champion and #7 Ranked Golfer in the World, Patrick Reed

04/08/2021 | 09:09am EDT

cbdMD Logo To Be Exclusively Featured On The Front of Reed’s Official Competition Headwear

cbdMD, Inc. (NYSE American: YCBD, YCBDpA) (the “Company”), one of the leading and most highly trusted and recognized cannabidiol (CBD) brands, announced today that it has signed an exclusive CBD sponsorship with highly decorated professional golfer, and 9-time PGA TOUR winner, Patrick Reed, to become the latest high profile member of Team cbdMD.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210408005219/en/

cbdMD Partners with 2018 Masters Champion and #7 Ranked Golfer in the World, Patrick Reed. (Photo: Business Wire)

cbdMD Partners with 2018 Masters Champion and #7 Ranked Golfer in the World, Patrick Reed. (Photo: Business Wire)

Beginning this week at the 2021 Masters Tournament in Augusta, and continuing at all 2021 PGA TOUR and European Tour events in which Reed is competing, cbdMD’s exclusive sponsorship with Patrick Reed will be on full display, with the front of Reed’s new, official headwear featuring the cbdMD logo. The integrated sponsorship deal will also include additional marketing and media opportunities to promote the cbdMD brand.

Patrick Reed is a 9-time PGA TOUR winner, with signature victories at The Masters Tournament in 2018 and WGC-Mexico Championship in 2020. Currently ranked 7th in the Official World Golf Ranking, Reed has also competed on behalf of the United States in both the Ryder Cup and Presidents Cup competitions.

“I’m thrilled to join the impressive roster of cbdMD brand ambassadors and athletes,” said Patrick Reed. “In recently getting to know the leadership team there, I was impressed by their passion and vision for the company, as well as their shared values. I was first introduced to cbdMD when I noticed their partnership with Bubba and the many positive things he has said about how their products have helped him in a number of areas of his life. I have had the opportunity to enjoy a number of the products myself and have had a great experience with cbdMD overall. I have no doubt they will play an important role in the success of Team Reed for many years to come.”

“America’s CBD Brand, cbdMD, is so proud to have ‘Captain America’ himself, Patrick Reed, become a member of Team cbdMD as well as one of its most prominent brand ambassadors. Patrick and his wife Justine have an incredible, inspiring story of their quest to better their overall health and wellness and we are honored that they chose to trust in cbdMD. cbdMD is excited to watch Patrick join cbdMD’s other Masters Champion (2-time winner Bubba Watson) compete for Team cbdMD in the 2021 Masters,” said Martin A. Sumichrast, Chairman & Co-CEO of cbdMD, Inc.

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 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. 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 22, 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 methods.


© Business Wire 2021
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Financials (USD)
Sales 2021 50,2 M - -
Net income 2021 -26,0 M - -
Net cash 2021 19,6 M - -
P/E ratio 2021 -5,73x
Yield 2021 -
Capitalization 152 M 152 M -
EV / Sales 2021 2,64x
EV / Sales 2022 2,29x
Nbr of Employees 165
Free-Float 63,7%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 2,58 $
Average target price 5,42 $
Spread / Average Target 110%
EPS Revisions
Managers and Directors
Martin A. Sumichrast Chairman & Co-Chief Executive Officer
Raymond Scott Coffman President, Co-Chief Executive Officer & Director
T. Ronan Kennedy Chief Operating & Financial Officer
Sibyl Swift Vice President-Scientific & Regulatory Affairs
Bakari Sellers Independent Director
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