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.
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.