September 26, 2022

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EU’s Food Safety Authority Validates cbdMD’s Hemp Extract Formulation

With each other With The The latest Uk Validation, Overall Addressable Population Exceeds 500 Million

Charlotte, North Carolina–(Newsfile Corp. – April 19, 2022) – cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBDpA), (the “Company”) introduced right now that it has acquired validation of its Novel Food Application from the European Union’s Food Security Authority (“FSA”) for its hemp extract formulation. This validation represents a important milestone and provides the Firm an chance to grow its global footprint in an predicted escalating marketplace, that together with the British isles, has a overall addressable population in surplus of 500 million men and women. According to a latest report by the Brightfield Group, the EU’s CBD marketplace is expected to increase to more than $2.3 billion by 2025, symbolizing a 5-yr CAGR of more than 33%.1

The Firm’s EU validation arrives on the heels of the Firm’s current announcement (cbdMD declared) that cbdMD had received validation from the UK’s Food stuff Expectations Company (FSA). cbdMD goods that have been given British isles validation can be located on the FSA’s record of items allowed to be bought. With these validations in position, shoppers in the British isles and EU will be able to obtain quite a few of the cbdMD’s award successful merchandise.

“cbdMD continues to be a chief in the CBD business and our brand name carries on its world wide expansion, as we now sell in more than 30 marketplaces globally. Our customers know that with our model they have accessibility to protected, reliable solutions that they know have received the best validation and screening. At cbdMD, our consumers are our quantity a person precedence, and we just take great delight in supplying the optimum quality items to hundreds of thousands of persons all around the globe,” claimed Chairman & co-CEO of cbdMD, Inc., Martin Sumichrast.

About cbdMD, Inc.

cbdMD, Inc. is one particular of the leading and most hugely reliable and regarded cannabidiol (CBD) models with a in depth line of U.S.-created, THC-absolutely free2 CBD items. The cbdMD manufacturer at present contains more than 130 SKUs of superior-quality, high quality CBD solutions including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD bath salts, CBD slumber aids, CBD consume mixes and comprehensive spectrum CBD alternatives. Our Paw CBD brand name of pet solutions consists of more than 45 SKUs of veterinarian-formulated products and solutions which includes tinctures, chews and topical products in various strengths, and our cbdMD Botanicals brand name of attractiveness and skincare merchandise attributes 15 SKUs, which includes facial oil and serum, toner, moisturizers, facial masks, exfoliants and entire body care. To master more about cbdMD and their complete line of U.S.-developed, THC-free2 CBD oil and total spectrum solutions, please check out www.cbdmd.com, adhere to cbdMD on Instagram and Fb or check out one of the 6,000 retail outlets that carry cbdMD solutions.

Ahead-Hunting Statements

This push launch has certain forward-wanting statements that are centered on current anticipations and include selected pitfalls and uncertainties within just the indicating of the U.S. Non-public Securities Litigation Reform Act of 1995. This sort of forward-on the lookout statements can be determined by the use of text these as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” ”estimates,” ”projects,” ”forecasts,” ”expects,” ”plans” and ”proposes.” These ahead-wanting statements are not guarantees of long run efficiency and are matter to pitfalls, uncertainties, and other things, some of which are past our management and tricky to predict and could trigger genuine outcomes to differ materially from those expressed or forecasted in the ahead-searching statements, like, with no limitation, statements designed with regard to the growth of the buyer current market for CBD products and solutions, our skill to increase our current market share, the availability of the Amazon system for our CBD goods, our capability to develop our business enterprise and appreciably boost our revenues, our capacity to correctly leverage our brand name partnerships and sponsorships, our ability to correctly compete in our sector, our ability to accomplish our web income steering, and our capacity to report worthwhile operations in the upcoming. You are urged to meticulously overview and take into account any cautionary statements and other disclosures, together with the statements produced below the heading “Hazard Variables” in cbdMD, Inc.’s Annual Report on Variety 10-K for the fiscal yr ended September 30, 2021 as submitted with the Securities and Trade Fee (the “SEC”) and our other filings with the SEC. All forward-hunting statements involve considerable challenges and uncertainties that could induce real success to differ materially from all those in the forward-wanting statements, several of which are normally outdoors the command of cbdMD, Inc. and are tough to predict. cbdMD, Inc. does not undertake any responsibility to update any ahead-looking statements except as may be required by legislation. The data which seems on our internet sites and our social media platforms, including, but not minimal to, Instagram and Fb, is not component of this press launch.

1Brightfield Group sector sizing and projections, alongside with the latest experiences can be observed at www.brightfieldgroup.com.
2 THC-free of charge is defined as down below the degree of detection working with validated scientific techniques.

Contacts:

Buyers:
cbdMD, Inc.
John Weston
Director of Trader Relations
[email protected]
(704) 249-9515

To perspective the resource model of this push launch, remember to check out https://www.newsfilecorp.com/launch/120867