CHARLOTTE, N.C., May 1, 2019 /PRNewswire/ -- cbdMD Industries, America's leading CBD consumer brand, announced today that the company's ticker symbol on the New York Stock Exchange (NYSE) American will change from "LEVB" to "YCBD." "It only seems appropriate that as the first CBD company to be publicly traded in the U.S., we secure a ticker symbol representative of the brand's primary focus," said Caryn Dunayer, President of cbdMD Industries.
YCBD is a symbol as well as the question many Americans are asking. Dunayer continues, "We're here to provide insight and help educate consumers properly within such a rapidly growing space."
A company of 'firsts', YCBD is not only first to the NYSE American, they were the first to advertise in Times Square and the first to advertise in Rolling Stone and ELLE magazines. This ticker represents cbdMD as the consistent leader and innovator in this booming market.
Celebrity athlete and former UFC Light Heavyweight Champion, Quinton "Rampage" Jackson, will join Dunayer and cbdMD Chairman, Marty Sumichrast, on the NYSE trading floor for the official launch. If anyone knows about pain, both giving and recovering from it, it's Rampage. "cbdMD has been my secret in and out of the octagon," said Jackson. "They have something for everyone. Real talk, CBD really works!"
"This NYSE ticker name change is a huge stride toward our future plans," added Dunayer. "We've planted our roots in the CBD industry and committed to pushing the boundaries and opening up new opportunities. As we continue to grow and reach new heights, our focus will always be centered around CBD education and helping our customers obtain premium products at an affordable price."
The abbreviated representation of the Company's ticker is a huge landmark for the CBD industry. The American stock market recognized the change as of May 1, 2019 at 8:00 am.
"We are making history today," said Sumichrast. "cbdMD continues to lead the way in America's CBD industry. On behalf of all of our employees, I look forward to updating you on this exciting company during our quarterly earnings call in May."
The ticker name change will not disturb trades or markets.
cbdMD is a nationally recognized consumer cannabidiol (CBD) brand whose current products include CBD tinctures, CBD gummies, CBD topical, CBD bath bombs, CBD oils, and CBD pet products. The company also operates licensing and corporate brand management businesses as well as the products division.
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 by the use of 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 and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in Level Brands, Inc.'s Annual Report on Form 10-K for the fiscal year ended September 30, 2018 as filed with the Securities and Exchange Commission (the "SEC") on December 12, 2018 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 Level Brands, Inc. and are difficult to predict. Level Brands, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.
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