Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Vuk Zdinjak

cbdMD CEO Martin Sumichrast Steps Down

Martin Sumichrast has resigned as CEO and member of the board of directors of cbdMD, Inc. (AMEX:YCBD) (AMEX:YCBDpA). Board member Scott Stephen was named board chair and board member Scott Coffman, former co-CEO and the operating company founder, will consult with the board of directors in leading the company until a new CEO is named.

"We appreciate the years of service that Marty has given to our company since its founding. However, we believe it is in the best interest of cbdMD, our employees, and our investors for him to step down." stated Stephen. "We remain focused on and committed to delivering the highest quality and most trusted CBD products in the industry to our customers."

The Securities and Exchange Commission recently filed an action against Sumichrast in connection with his role at a private company he previously managed. The SEC complaint does not allege any wrongdoing by cbdMD, Inc.

About cbdMD, Inc.

cbdMD, Inc. is one of the leading CBD brands with a comprehensive line of U.S. produced, THC-free CBD products as well as new full spectrum products. cbdMD brand currently includes products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD sleep aids and CBD drink mixes. Paw CBD brand of pet products includes veterinarian-formulated products including tinctures, chews, topicals products in varying strengths. CBD Botanicals brand of beauty and skincare products is comprised of facial oil and serum, toners, moisturizers, clear skin, facial masks, exfoliants and body care.

Photo by Scott Graham on Unsplash

Related News

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

 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.