CBDL's Expansion Into New Area Sparks More Revenue Growth + Other Updates

Rhea-AI Summary

CBD Life Sciences Inc. (OTC PINK:CBDL) has announced an expansion into Sedona, Arizona, a major tourist destination with approximately 3 million annual visitors. This move is expected to drive revenue growth and increase brand exposure. The company's products will be available in various local establishments, including:

• Vape stores
• Spas
• Holistic stores
• Nail salons
• Pet shops (offering pet treats)

CBDL also stated that it has no plans for future reverse splits and is focusing on organic revenue growth. The company hinted at upcoming international partnerships and the possibility of reducing authorized share count or buying back shares if market conditions are favorable.

Positive

• Expansion into Sedona, Arizona, a major tourist destination with 3 million annual visitors
• Products to be available in various local establishments, potentially increasing revenue and brand exposure
• Focus on organic revenue growth strategy
• Upcoming international partnerships
• Possibility of reducing authorized share count or buying back shares

Negative

• No specific financial data or revenue projections provided
• Lack of concrete details on international partnerships
• No timeline provided for potential share buyback or reduction in authorized shares

SCOTTSDALE, AZ / ACCESSWIRE / July 31, 2024 / CBD Life Sciences Inc. (OTC PINK:CBDL), including its wholly-owned subsidiary, The CBD Vault Inc., a leading innovator in the CBD industry, has announced that it's going expand into new areas including various stores in Sedona Arizona. This expansion will help drive revenue even higher than previously expected and helps with the organic growth strategy the company has been implementing.

The Sedona expansion will include our products in various stores including:

• Vape Stores

• Spas

• Holistically Stores

• Nail Salons

• Pet Shops - Pet Treats

This is exciting because Sedona is a major tourist attraction in the United States and approximately 3 million tourists a year visit. This helps us drive our revenue higher and get more brand exposure.

Some other updates we would like to announce is that the company is never planning to do a reverse split again. We're very happy with the position we're in driving organic revenue growth and we believe we will never have another reverse. International partnerships are ready and we are very excited to announce them in the near future! If the opportunity presents itself, we can also reduce the authorized share count or buy back shares in the near future if we believe that we are leveraged in the correct position.

About The CBD Vault Inc. and CBD Life Sciences, Inc.
The CBD Vault Inc. is a wholly owned subsidiary of CBD Life Sciences Inc. The CBD Vault has developed and is retailing/wholesale a full line of cannabidiol based organic products including CBD Drops, Pain Relief Creams, Anxiety & Sleep Supplements, Edibles, Coffee, Skincare Line, Pet Line, Tablets. The CBD Vault's products can be viewed and purchased on the Company's website at www.thecbdvault.com

Follow our social media for the latest updates!

X: https://www.x.com/CBDL_StockOTC

Instagram: https://www.instagram.com/cbd.vault

IR Contact: cbdvaultaz@gmail.com

Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See CBD Life Sciences, Inc's, Inc.'s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements.

Contact Information
Lisa Nelson
CEO
cbdvaultaz@gmail.com
4802091720

SOURCE: CBD Life Sciences Inc.

View the original press release on accesswire.com

FAQ

What new areas is CBDL expanding into according to the July 31, 2024 press release?

CBDL announced expansion into Sedona, Arizona, with products to be available in vape stores, spas, holistic stores, nail salons, and pet shops (offering pet treats).

How many tourists visit Sedona annually, and how might this impact CBDL's revenue?

Approximately 3 million tourists visit Sedona annually. This high tourist traffic is expected to drive CBDL's revenue higher and increase brand exposure.

What is CBDL's stance on future reverse splits as of July 31, 2024?

CBDL stated that they are never planning to do a reverse split again, focusing instead on driving organic revenue growth.

What potential future actions did CBDL mention regarding its shares in the July 31, 2024 press release?

CBDL mentioned the possibility of reducing the authorized share count or buying back shares in the near future if they believe they are in the correct leveraged position.