CBD Global Sciences Begins the Process for a Name Change
CBD Global Sciences, Inc. (OTC: CBDNF) is transitioning its name to Global Sciences Inc., with operations under this new trade name starting immediately. This strategic shift aims to broaden its focus beyond CBD, enhancing opportunities that could benefit shareholders. The company asserts that this change will not hinder its current revenue generation in the CBD sector but will better position it in wellness sciences. A new website will launch soon, and the trading symbol will be updated following all necessary approvals.
- Transitioning to Global Sciences Inc. allows for greater operational flexibility beyond CBD.
- Plans to enhance revenue generation through expanded distribution and lower manufacturing costs.
- Name change may create temporary uncertainty among investors.
- Potential delays in receiving shareholder and regulatory approvals.
DENVER, CO, March 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – CBD Global Sciences, Inc. (OTC: CBDNF) (CSE: CBDN) (Frankfurt:GS3), “CBD Global” or the “Company”), is pleased to announce that it has begun the process to formally change its name from “CBD Global Sciences” to “Global Sciences Inc.”, dropping CBD from its name. It has begun to operate under the trade name “Global Sciences” until full shareholder and regulatory approval of the new name is received. This move comes with the opportunity to expand the Company’s focus to more than just CBD with recently discovered opportunities that it believes will create value for its shareholders. The name change will not impact the Company’s ability to increase revenues and profitability within the CBD and distribution industries, it will enhance its ability to better define itself as it explores other areas in the field of wellness sciences. The new website will be rolling out in the next week and can be found at www.globalsciences.com. When approved, the Company’s trading symbol will change accordingly.
Brad Wyatt, CEO of CBD Global Sciences, said, “In the ever-changing industry of CBD the team at Global Sciences has become accustomed to quickly pivoting to provide better value to its customers and shareholders. This change is the beginning of more exciting news that will be presented in the near term. We are still very active in the CBD landscape and presenting wins for our company with lower cost manufacturing and more points of distribution which will translate into increased revenues and improved profitability. We are very excited about 2022 and beyond for our company and its shareholders.”
ABOUT GLOBAL SCIENCES, INC.
Global Sciences, Inc., is a hemp-based CBD producer and branding investment vehicle which currently owns multiple brands like the name Aethics™ (www.aethics.com) and CANNAOIL (www.cannaoilshop.com), which include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals, Hydration products and Confectionary products. Global Sciences hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online.
Global Sciences, through its wholly owned subsidiaries, Global Sciences Holdings, Resinosa LLC (www.resinosa.com) and Legacy Distribution Group (www.legacydistributiongroup.com), is delivering quality CBD products both in a retail and e-commerce formats nationwide. The Direct Store Delivery (DSD) provides distribution services for multiple vendors of CBD infused products and non-CBD products throughout the Colorado and Wyoming territories that are currently servicing over 750 C-store and large box retailers with expansion plans to exceed 5,000 stores in the next 12-24 months. In addition to Legacy Distribution, it has added a manufacturing division, Resinosa LLC (www.Resinosa.com ), with its capabilities to provide cGMP manufacturing to the CBD industry with both private label and white label CBD and non-CBD product lines.
For further information, please contact Investor Relations at 720-881-2541 or email info@globalsciences.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to future developments and the business and operations of the Corporation after the CSE listing. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties; and delay or failure to receive board, shareholder or regulatory approvals. Readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
FAQ
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