cbdMD Enters the UK Market with Debut on Amazon UK, Offering High-Quality CBD Solutions for Wellness and Self-Care
Charlotte, North Carolina–(Newsfile Corp. – April 12, 2023) – cbdMD, Inc. (NYSE:YCBD) (NYSE:YCBDPA), one of the nation’s leading, highly trusted and widely recognized CBD companies, announces the successful launch of its Novel Food validated premium hemp-derived CBD products on Amazon.co.uk in the United Kingdom (“Amazon UK“). cbdMD gummies, tinctures, and topicals are now available on Amazon UK and qualify for next day delivery through Amazon Prime. The Company is continuing to work to expand our product listing on Amazon UK and anticipate adding to the portfolio in the future.
cbdMD is one of only a handful of companies approved to sell CBD products in the Amazon UK CBD pilot program due to its validated Novel Foods application. Brands approved to sell CBD through Amazon UK are required to pass compliance checks by Amazon and now must have a credible application for Novel Foods Authorization which has been validated by the United Kingdom’s Food Standards Agency. cbdMD was one of the first companies to receive validation of our Novel Foods Authorization application and is currently in active Risk Assessment. As of February 2023, a total of 132 products were in active risk assessment, of which 84 products were cbdMD, therefore, over 60% of the products that have made it through the first round of review for the UK government were cbdMD’s. This speaks to the quality and safety of the cbdMD product portfolio and the strides that cbdMD has taken to prove this domestically and internationally.
“We are excited about expanding cbdMD’s reach beyond our dedicated UK website and making our products more accessible to consumers in the United Kingdom. We believe there is significant opportunity to grow our market share in the UK and joining Amazon’s unmatched platform is a big step in driving growth in this market,” said Ronan Kennedy, CEO of cbdMD. “This is another example of developing a diverse revenue base that adds new channels and expands our international presence. Our investments in safety, science and efficacy continue to help us expand the brand both at home as well as international markets to win the trust of consumers and retail partners alike,” added Mr. Kennedy.
