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Wolf-man jack

07/03/19 9:23 PM

#51643 RE: Wolf-man jack #51640

Andy from the YMCA board You asked how cbdmd got listed to the NYSE. They did not uplist. They were on the NYSE under the name Level Brands. They acquired a cbd company and then changed their name to cbdmd.

https://hempindustrydaily.com/mainstream-consumer-products-branding-firm-buys-cbd-company-in-deal-valued-at-120m/

In a deal directly related to the U.S. legalization of hemp in December, a firm that specializes in branding consumer-product companies acquired CBD manufacturer Cure Based Development.

Level Brands (NYSE: LEVB), whose portfolio includes the Kathy Ireland brand, will issue 15.3 million shares of its common stock with an additional amount of the same number of shares if the $300 million figure is reached.
Cure Based Development will continue to operate as cbdMD, now a wholly owned subsidiary of Level Brands. The CBD company’s founder, Scott Coffman, will serve as CEO.