STOCK TITAN

Martha Stewart CBD Unveils New Fall Flavors and Limited-Edition Holiday Products, Expanding Portfolio of Best-In-Class CBD Wellness Offerings

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

On October 28, 2021, Martha Stewart CBD announced the release of new CBD products, including the permanent Harvest Medley CBD Wellness Gummies and limited-edition Mini CBD Peppermint Ribbons and Snowflake CBD Gummy Sampler for the holiday season. The brand has exceeded initial projections and is the fastest-growing CBD brand, with a 20% quarter-over-quarter growth. The Harvest Medley Gummies feature popular flavors like Green Apple, Concord Grape, and Pomegranate. These products aim to enhance wellness while celebrating Martha Stewart's commitment to making CBD accessible.

Positive
  • Martha Stewart CBD becomes the fastest-growing CBD brand, outperforming business projections.
  • Quarter-over-quarter growth of 20% highlights strong market performance.
  • New product offerings cater to increasing consumer demand for wellness products.
Negative
  • None.

New Harvest Medley Gummies, Mini CBD Peppermint Ribbons and Snowflake CBD Gummy Sampler Arrive Just in Time for the Holiday Season

­­SMITHS FALLS, ON and NEW YORK, Oct. 28, 2021 /PRNewswire/ - Today, Martha Stewart CBD unveiled the latest innovations in its CBD portfolio - Harvest Medley CBD Wellness Gummies, which will exist as a permanent offering, and the limited-edition Mini CBD Peppermint Ribbons and Snowflake CBD Gummy Sampler, available exclusively during the holiday season. Each new offering is perfect to help people prioritize their mental wellbeing, especially for those looking to give the gift of wellness through the holidays and beyond.

"I'm grateful for the engaged community we've cultivated in just one year since launching Martha Stewart CBD. Perfecting our first-ever flavor extension for the fan-favorite gummies with our customers in mind has been nothing short of an incredible experience," said Martha Stewart. "It's a pleasure to bring the benefits of CBD to a wider audience, and our new product offerings are a convenient and delicious way to make wellness an easier choice, every day."

These new products come on the heels of the one-year anniversary of the launch of the Martha Stewart CBD brand. In the past year, Martha Stewart CBD has soared past initial business projections, becoming the fastest-growing CBD brand across all formats and outpacing quarter-over-quarter growth by 20%. With Martha at the helm, the brand continues to capture new, untapped and highly engaged audiences, given her unparalleled authority in the lifestyle space. As Martha Stewart CBD heads into its second year, new offerings like these continue to help the brand in its mission to make CBD accessible, non-intimidating and delicious.

The debut of these products is part of Martha's continued partnership with Canopy Growth Corporation, a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis.

The Martha Stewart CBD Wellness Harvest Medley Gummies

Martha Stewart CBD Wellness Harvest Medley Gummies (CNW Group/Canopy Growth Corporation)

Looking to Martha Stewart CBD's engaged customer base for inspiration to determine the CBD Wellness Harvest Medley Gummy flavors, the new product offering features the most requested flavors. With an ode to the rich, comforting and inviting flavors of fall, the medley consists of the Green Apple flavor and two brand-new flavors, Concord Grape and Pomegranate. Each gourmet gummy features exquisite texture and 100% hemp-derived CBD isolate. Harvest Medley Gummies will be available in three sizes, with details below:

  • 30-count offering ($34.99) will be available at marthastewartcbd.com with orders shipping the week of November 7
  • 10-count offering ($12.99) will be available at marthastewartcbd.com, launching at a later date
  • 3-count offering ($3.99) will be available at marthastewartcbd.com, launching at a later date

Limited-Edition Martha Stewart CBD Holiday Offerings: Mini CBD Peppermint Ribbons + Snowflake Sampler

Mini CBD Peppermint Ribbons (CNW Group/Canopy Growth Corporation)

Martha Stewart CBD Holiday Gummy Sampler (CNW Group/Canopy Growth Corporation)

Martha Stewart will now offer consumers a CBD version of one of her favorite peppermint candies in partnership with Hammonds Candies, a confection company with over 100 years of experience, making it the first product of its kind within her CBD portfolio. With the debut of the Mini CBD Peppermint Ribbons, consumers will be able to enjoy a delicious and consistent daily dose of pure, premium CBD isolate combined with the warm, refreshing flavor of peppermint, all in a classic and nostalgic ribbon shape. Packaged in beautiful, holiday-motif packaging, the ribbons are a pure and great-tasting CBD candy, making them a festive grab-and-go wellness gift during the hectic holidays.

"Hammond's Peppermint Ribbons have been one of my favorite holiday treats since childhood and spark such joyful memories of the season for me," said Martha Stewart. "I'm thrilled to introduce an updated twist to this iconic holiday treat and share the classic comforts of the holidays while hopefully bringing some calm for our customers during this busy time of year."

These Mini Peppermint Ribbons join the limited-edition Martha Stewart CBD Holiday Gummy Sampler as ideal holiday gifts. The 72-count gummy sampler will contain six gourmet flavors, including Blood Orange, Calamondin, Grapefruit, Kumquat, Meyer Lemon, and Persian Lime packaged in a perfectly giftable silver snowflake box.

CBD Mini Peppermint Ribbons:

  • 5 oz bag ($12.99) available now for presale at marthastewartcbd.com; orders ship the week of November 7

Martha Stewart CBD Holiday Gummy Sampler:

  • 6 Flavor, 72-count Sampler ($64.99) available now for presale at marthastewartcbd.com; orders ship the week of November 7

For more information on these new offerings, please visit marthastewartcbd.com or follow @marthastewartcbd on Instagram. Martha Stewart CBD is now available on an affiliate program. Sign up to participate via the link here: https://signup.cj.com/member/signup/publisher/?cid=5346839#/branded.

About Canopy Growth Corporation 
Canopy Growth (TSX: WEED) (NASDAQ: CGC) is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, we offer product varieties in high-quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Our global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany. Through our award-winning Tweed and Tokyo Smoke banners, we reach our adult-use consumers and have built a loyal following by focusing on top quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets including Canada, the United States, and Europe through BioSteel sports nutrition, and This Works skin and sleep solutions; and has introduced additional hemp-derived CBD products to the United States through our First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands. For more information visit www.canopygrowth.com.  

About Marquee Brands
Marquee Brands is a leading global brand owner and marketer. Owned by investor funds managed by Neuberger Berman, one of the world's leading employee-owned investment managers, Marquee Brands targets high quality brands with strong consumer awareness and long-term growth potential. Marquee Brands seeks to identify brands in various consumer product segments with the goal of expanding their reach across retail channel, geography and product category while preserving the brand heritage and enhancing the ultimate consumer experience. Through its global team of professionals and partners, Marquee Brands monitors trends and markets in order to grow and manage brands in partnership with retailers, licensees and manufacturers through engaging, impactful strategic planning, marketing, and e-commerce. www.marqueebrands.com. In 2019, Marquee Brands acquired the Martha Stewart brand, which reaches approximately 100 million consumers across all media and merchandising platforms each month. Martha Stewart is the Founder of Martha Stewart Living Omnimedia and America's most trusted lifestyle expert and teacher. Her branded products can be found in over 70 million households and have a growing retail presence in thousands of locations.

Notice Regarding Forward Looking Statements  
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws (collectively, "forward-looking statements"), which involve certain known and unknown risks and uncertainties. Forward-looking statements predict or describe our future operations, business plans, business and investment strategies and the performance of our investments. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "strategy," "estimate," "expect," "project," "projections," "forecasts," "plans," "seeks," "anticipates," "potential," "proposed," "will," "should," "could," "would," "may," "likely," "designed to," "foreseeable future," "believe," "scheduled" and other similar expressions. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Forward–looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those forward–looking statements and the forward–looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. A discussion of some of the material factors applicable to Canopy Growth Corporation ("Canopy") can be found under the section entitled "Risk Factors" in Canopy's Annual Report on Form 10-K for the year ended March 31, 2021, filed with the Securities and Exchange Commission and with applicable Canadian securities regulators, as such factors may be further updated from time to time in its periodic filings with the Securities and Exchange Commission and with applicable Canadian securities regulators, which can be accessed at www.sec.gov/edgar and www.sedar.com, respectively. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the filings. Any forward–looking statement included in this press release is made as of the date of this press release and, except as required by law, Canopy disclaims any obligation to update or revise any forward–looking statement. Readers are cautioned not to put undue reliance on any forward–looking statement. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/martha-stewart-cbd-unveils-new-fall-flavors-and-limited-edition-holiday-products-expanding-portfolio-of-best-in-class-cbd-wellness-offerings-301410320.html

SOURCE Canopy Growth Corporation

FAQ

What are the new products launched by Martha Stewart CBD on October 28, 2021?

Martha Stewart CBD launched the Harvest Medley CBD Wellness Gummies, Mini CBD Peppermint Ribbons, and Snowflake CBD Gummy Sampler.

How has Martha Stewart CBD performed financially since its launch?

The brand has surpassed initial projections, becoming the fastest-growing CBD brand with a quarter-over-quarter growth rate of 20%.

What flavors are included in the Harvest Medley Gummies?

The Harvest Medley Gummies feature Green Apple, Concord Grape, and Pomegranate flavors.

When will the new Martha Stewart CBD products be available for purchase?

The new products will be available for pre-sale with shipping starting the week of November 7, 2021.

What is the significance of the Mini CBD Peppermint Ribbons?

The Mini CBD Peppermint Ribbons are a holiday-themed product combining premium CBD with classic peppermint flavor, aimed at providing a wellness gift option.

Canopy Growth Corporation Common Shares

NASDAQ:CGC

CGC Rankings

CGC Latest News

CGC Stock Data

341.48M
122.34M
0.18%
8.79%
9.58%
Drug Manufacturers - Specialty & Generic
Medicinal Chemicals & Botanical Products
Link
United States of America
SMITH FALLS