cbdMD Announces Company's CEO Joins the Board of Directors
cbdMD (NYSE American: YCBD) announced the appointment of T. Ronan Kennedy, the company's CEO and CFO, to its Board of Directors effective December 18, 2024. This expansion brings the board to five members. According to Chairman Scott Stephen, Kennedy has shown exceptional leadership over the past two years in stabilizing the business and creating a more efficient organization.
Kennedy's achievements include optimizing cost structure, improving operational fundamentals, and strengthening the company's cash position. cbdMD is known for its THC-free CBD products, including the brands cbdMD, Paw CBD for pets, and ATRx Labs for functional mushroom support.
cbdMD (NYSE American: YCBD) ha annunciato la nomina di T. Ronan Kennedy, CEO e CFO della società, nel Consiglio di Amministrazione a partire dal 18 dicembre 2024. Questa espansione porta il consiglio a cinque membri. Secondo il presidente Scott Stephen, Kennedy ha dimostrato una leadership eccezionale negli ultimi due anni nel stabilizzare l'attività e creare un'organizzazione più efficiente.
Le realizzazioni di Kennedy includono l'ottimizzazione della struttura dei costi, il miglioramento dei fondamenti operativi e il rafforzamento della posizione di liquidità dell'azienda. cbdMD è conosciuta per i suoi prodotti CBD privi di THC, comprese le marche cbdMD, Paw CBD per animali domestici, e ATRx Labs per il supporto ai funghi funzionali.
cbdMD (NYSE American: YCBD) anunció la designación de T. Ronan Kennedy, CEO y CFO de la compañía, a su Junta Directiva a partir del 18 de diciembre de 2024. Esta expansión eleva el número de miembros de la junta a cinco. Según el presidente Scott Stephen, Kennedy ha demostrado un liderazgo excepcional durante los últimos dos años en estabilizar el negocio y crear una organización más eficiente.
Los logros de Kennedy incluyen la optimización de la estructura de costos, la mejora de los fundamentos operativos y el fortalecimiento de la posición de efectivo de la empresa. cbdMD es conocida por sus productos de CBD sin THC, incluyendo las marcas cbdMD, Paw CBD para mascotas y ATRx Labs para el soporte de hongos funcionales.
cbdMD (NYSE American: YCBD)는 2024년 12월 18일부터 회사의 CEO이자 CFO인 T. Ronan Kennedy를 이사회에 임명한다고 발표했습니다. 이번 확장으로 이사회의 구성원 수는 다섯 명으로 늘어났습니다. 회장인 Scott Stephen에 따르면, Kennedy는 지난 2년 동안 비즈니스를 안정화하고 더 효율적인 조직을 만드는 데 있어 뛰어난 리더십을 보여주었습니다.
Kennedy의 성과에는 비용 구조 최적화, 운영 기본 사항 개선, 회사의 현금 위치 강화가 포함됩니다. cbdMD는 THC가 없는 CBD 제품으로 알려져 있으며, 브랜드에는 cbdMD, 애완동물용 Paw CBD, 기능성 버섯 지원을 위한 ATRx Labs가 포함됩니다.
cbdMD (NYSE American: YCBD) a annoncé la nomination de T. Ronan Kennedy, CEO et CFO de la société, à son Conseil d'Administration à partir du 18 décembre 2024. Cette expansion porte le conseil à cinq membres. Selon le président Scott Stephen, Kennedy a montré un leadership exceptionnel au cours des deux dernières années en stabilisant l'entreprise et en créant une organisation plus efficace.
Les réalisations de Kennedy incluent l'optimisation de la structure de coûts, l'amélioration des fondamentaux opérationnels et le renforcement de la position de liquidité de l'entreprise. cbdMD est connu pour ses produits CBD sans THC, y compris les marques cbdMD, Paw CBD pour les animaux de compagnie et ATRx Labs pour le soutien aux champignons fonctionnels.
cbdMD (NYSE American: YCBD) gab die Ernennung von T. Ronan Kennedy, dem CEO und CFO des Unternehmens, in den Vorstand bekannt, die am 18. Dezember 2024 wirksam wird. Diese Erweiterung bringt die Anzahl der Vorstandsmitglieder auf fünf. Laut dem Vorsitzenden Scott Stephen hat Kennedy in den letzten zwei Jahren herausragende Führungsqualitäten gezeigt, indem er das Geschäft stabilisiert und eine effizientere Organisation geschaffen hat.
Zu Kennedys Leistungen gehören die Optimierung der Kostenstruktur, die Verbesserung der operativen Grundlagen und die Stärkung der Liquiditätsposition des Unternehmens. cbdMD ist bekannt für seine THC-freien CBD-Produkte, einschließlich der Marken cbdMD, Paw CBD für Haustiere und ATRx Labs für funktionale Pilzunterstützung.
- Board expansion strengthens corporate governance
- CEO's appointment reflects successful business stabilization efforts
- Improved cost structure and operational fundamentals
- Stronger cash position heading into 2025
- None.
Charlotte, North Carolina--(Newsfile Corp. - December 23, 2024) - cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBDpA), a leading and highly trusted CBD company known for its flagship brands cbdMD and Paw CBD, as well as its innovative functional mushroom brand ATRx Labs, today announced that T. Ronan Kennedy, the Company's Chief Executive Officer and Chief Financial Officer, has been appointed to its Board of Directors. The appointment became effective on December 18, 2024, expanding the board to five members.
"Over the past two years, Ronan has demonstrated exceptional leadership in stabilizing the business and reshaping cbdMD into a leaner, more efficient organization," said Scott Stephen, Chairman of cbdMD's Board of Directors. "Under his stewardship, the Company has made tremendous progress in optimizing its cost structure, improving operational fundamentals, and positioning itself for long-term success. As we head into 2025 with a stronger cash position and exciting growth opportunities, we are thrilled to welcome Ronan to the Board, where we believe his strategic insight and deep understanding of the business will further enhance our ability to deliver value to shareholders."
Ronan Kennedy brings a wealth of expertise in financial management and operational transformation. Since assuming his leadership role, he has been instrumental in driving cbdMD's turnaround strategy, achieving substantial cost savings, improving profitability metrics, and laying the groundwork for future growth across its core and emerging product categories.
About cbdMD, Inc.
cbdMD, Inc. is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free1 CBD products, including NSF Certified for Sport® products, as well as our new Full Spectrum products. Our cbdMD brand currently includes high-grade, premium CBD products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD sleep aids and CBD drink mixes and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products including tinctures, chews, topicals products in varying strengths, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free1 CBD oil and Full Spectrum products as well as our other brands, please visit www.cbdmd.com, www.pawcbd.com, or ATRxlabs.com, follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products.
Contact Information:
cbdMD, Inc.
Ronan Kennedy, CEO
Phone: +1 (704) 445-3064 email: IR@cbdmd.com
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 using 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. You are urged to carefully review and consider any cautionary statements, including but not limited to expectations on our ability to continue as a going concern, increasing our revenues, continued cost reductions, potential need for additional working capital, regaining compliance with NYSE American continued listing standards, continued listing on the NYSE American, future profitability, development and sales of new products, 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, 2024 as filed with the Securities and Exchange Commission (the "SEC") on December 17, 2024, 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.
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