Friday, September 21, 2018 8:31:32 AM
Shares of Level Brands Inc. LEVB, +5.17% jumped 5% in premarket trade Friday, after the marketing and licensing announced the launch online of five new cannabidiol (CBD) products under the Kathy Ireland Health and Wellness brand. The company said the launch is through its 10-year licensing agreement with Canada-based CBD company Isodiol International Inc. ISOLF, +27.91% signed in January 2018. "It's very exciting to be at the forefront of the CBD industry, as we educate families about the power of CBD without THC," said Kathy Ireland, chief brand strategist at Level Brands. "We continue to believe that the CBD industry will see enormous growth over the next decade on a global scale." Level Brands stock had soared 50% over the past three months, while the S&P 500 SPX, +0.78% has gained 6.6%.
https://www.marketwatch.com/story/level-brands-stock-jumps-after-launching-new-kathy-ireland-branded-cbd-products-2018-09-21?siteid=yhoof2&yptr=yahoo
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