cbdMD Announces Hiring of Consumer Goods Veteran Dave Johnson To Drive FDM Distribution Channel & Business Development

Rhea-AI Summary

cbdMD, Inc. (NYSE American: YCBD, YCBDpA) has appointed Dave Johnson as Senior Vice President of Business Development. With over 30 years in the consumer goods sector, including 20 years at PepsiCo (NASDAQ: PEP), Johnson will spearhead cbdMD's initiatives in expanding retail distribution across the U.S. He believes the CBD industry will experience significant growth in the next two years, positioning cbdMD to capitalize on this trend through its brands, including cbdMD and Paw CBD, and the new cbdMD Botanicals line.

Positive

• Appointment of Dave Johnson as Senior VP of Business Development is expected to enhance growth.
• Johnson's extensive experience in consumer goods, particularly with major retailers, is a strong asset.
• cbdMD is well-positioned to capture growth in the CBD market with established brands and new product lines.

Negative

• None.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- cbdMD, Inc. (NYSE American: YCBD, YCBDpA), one of the leading, most highly trusted and best recognized CBD companies, announced the hiring of Dave Johnson as the Senior Vice President of Business Development.

Mr. Johnson will be responsible for the Company’s push into all major food, drug and mass merchandise (“FDM”) retailers in the U.S. as well as creating new avenues for greater product distribution.

Mr. Johnson brings over 30 years of experience in the consumer goods industry, including almost 20 years with PepsiCo (NASDAQ: PEP) as Director of Sales. Mr. Johnson has had an exemplary career developing and fostering relationships with retailers while focusing on expanding opportunities to drive sustainable growth that results in greater top and bottom-line results.

“I am joining the team at cbdMD because I believe that in the next two years, we are going to see exponential growth in the CBD industry and cbdMD is the best-positioned brand to profit from this growth. With two of the best-selling CBD brands in America, cbdMD and Paw CBD, plus the launch of cbdMD Botanicals, our new luxurious clean beauty and skin care brand, I see a unique opportunity to accelerate our market share within the growing CBD industry. For over 20 years, I have helped drive sales and sustainable growth for companies, and now with three great brands to focus on, I’m looking forward to the opportunity of bringing our products to all the mainstream retailers in the U.S.,” said Dave Johnson, Senior Vice President of Business Development of cbdMD, Inc.

About cbdMD, Inc.

cbdMD, Inc. is one of the leading, most highly trusted and most recognized cannabidiol (CBD) brands, with a comprehensive line of U.S.-produced, THC-free¹ CBD products. The cbdMD brand currently includes over 130 SKUs of high-grade, premium CBD products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD bath salts, CBD sleep aids, CBD drink mixes and full spectrum CBD options. Our Paw CBD brand of pet products includes over 45 SKUs of veterinarian-formulated products, including tinctures, chews, topicals products in varying strengths, and our CBD Botanicals brand of beauty and skincare products features 15 SKUs, including facial oil and serum, toners, moisturizers, facial masks, exfoliants and body care. The company also offers a line of full spectrum products (approximately 10 SKUs) under its cbdMD brand. To learn more about cbdMD and their comprehensive line of U.S.-grown, THC-free¹ CBD oil 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.

¹THC-free is defined as below the level of detection using validated scientific analytical methods.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005616/en/

PR:

cbdMD, Inc.

Robert Pettway

Director of Public Relations

rpettway@cbdmd.com

(423) 503-5225

Investors:

cbdMD, Inc.

John Weston

Director of Investor Relations

john.weston@cbdmd.com

(704) 249-9515

Source: cbdMD, Inc.

FAQ

Who is the new Senior Vice President of Business Development at cbdMD?

Dave Johnson has been appointed as the Senior Vice President of Business Development at cbdMD.

What brands does cbdMD offer?

cbdMD offers several brands including cbdMD, Paw CBD, and cbdMD Botanicals.

What experience does Dave Johnson bring to cbdMD?

Dave Johnson brings over 30 years of experience in the consumer goods industry, including significant tenure at PepsiCo.

What is cbdMD's stock symbol?

cbdMD's stock symbols are YCBD and YCBDPA.

What growth potential does Dave Johnson see for cbdMD in the CBD industry?

He believes there will be exponential growth in the CBD industry over the next two years.