Latest news with #FarmAct
Yahoo
07-05-2025
- Business
- Yahoo
Herbal Oasis Expands Southeast Presence with New Distribution Agreement in North Carolina
Charlotte, North Carolina--(Newsfile Corp. - May 7, 2025) - Herbal Oasis ("Oasis"), the hemp derived THC-infused social seltzer brand redefining how people connect, unwind, and celebrate life, is now proud to be distributed by Carolina Premium Beverage, serving Charlotte NC and surrounding counties. Starting in May, consumers will be able to find Oasis on shelves across North Carolina. This milestone marks Oasis's entrance into its third state in two months, following the successful launches into Alabama and Florida. The brand continues to build significant momentum as it expands distribution throughout the Southeast. A New Era of Social Beverages Oasis is crafted for the sober-curious, health-conscious, and socially active, and combines hemp-derived THC, CBG, and functional mushrooms to create a vibrant, elevated experience-without the regret. As consumers move toward alternative choices to alcohol to relax, Oasis offers a refreshing path forward: one that feels good, tastes great, and brings people together. "Partnering with Carolina Premium Beverage is exciting for us. This allows us to better serve our customers and accelerate door openings in our home territory of Charlotte. It is another step in driving our growth in the Southeast," said Ronan Kennedy, CEO of cbdMD, parent company of Herbal Oasis. "Their deep market reach and proven track record make them an ideal partner as we accelerate Oasis's growth across the Southeast." About Herbal Oasis Herbal Oasis is a premium THC-infused social seltzer that blends cannabinoids and nootropic mushrooms to deliver a fast-acting, functional beverage made for presence and connection. With an alcohol-free formula and wellness-forward ingredients, Oasis invites a better way to drink-one rooted in clarity, balance, and joy. More information can be found at Oasis is a subsidiary of cbdMD, Inc. About cbdMD, Inc. cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBDpA) is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free1 CBD products, and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free1 CBD oil and Full Spectrum products as well as our other brands, please visit or follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products.
Associated Press
08-04-2025
- Business
- Associated Press
Herbal Oasis Announces Distribution Agreement to Launch Statewide in Alabama and Select Florida Panhandle Markets
Charlotte, North Carolina--(Newsfile Corp. - April 8, 2025) - Herbal Oasis ('Oasis'), the hemp derived THC-infused social seltzer brand redefining how people connect, unwind, and celebrate life, is proud to announce that starting in late March, Oasis began arriving on shelves across Alabama and select counties in the Florida Panhandle, making it easier for people to grab Oasis's premium, alcohol-free beverage made for presence, clarity, and connection. A New Era of Social Beverages Oasis, a hemp derived THC-infused social seltzer, is designed to redefine how people connect, unwind, and celebrate life. Crafted for the sober-curious, health-conscious, and socially active, Oasis combines hemp-derived THC, CBG, and functional mushrooms to create a vibrant, elevated experience-without the regret. As consumers move toward alternative choices to alcohol to relax, Oasis offers a refreshing path forward: one that feels good, tastes great, and brings people together. 'We're excited to expand distribution into Alabama and Florida-this is a major launchpad for our mission to make Oasis the go-to beverage for modern socializing,' said Ronan Kennedy, CEO of cbdMD, the parent company of Oasis. 'Consumers are energized by and embracing the shift in the beverage landscape, and Oasis is perfectly positioned to lead the way.' London-based data analytics and research firm Euromonitor International estimates sales of hemp-derived THC beverages more than doubled in 2024 and are projected to balloon to $4.1 billion by 2028, an massive 1,600% increase from $239 million in 2023. Formulated for Feel-Good Connection Each 12-ounce can of Oasis is infused with: Rolling Out in Key Locations Across Alabama and the Florida Panhandle Oasis will be available in grocery chains, convenience stores, boutique wellness shops, and hospitality venues across major Alabama cities like Birmingham, Mobile, Huntsville, and college towns like Tuscaloosa and Auburn, as well as resort destinations and nightlife hubs in the Florida Panhandle. This includes support for on-premise accounts such as bars, restaurants, and lounges. Availability Oasis began hitting shelves in Alabama and Florida in late-March, with additional locations launching throughout spring and summer. About Herbal Oasis Herbal Oasis is a premium THC-infused social seltzer that blends cannabinoids and nootropic mushrooms to deliver a fast-acting, functional beverage made for presence and connection. With an alcohol-free formula and wellness-forward ingredients, Oasis invites a better way to drink-one rooted in clarity, balance, and joy. More information can be found at Oasis is a subsidiary of cbdMD, Inc. About cbdMD, Inc. cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBDpA) is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free1 CBD products, and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free 1 CBD oil and Full Spectrum products as well as our other brands, please visit or follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products. Forward-Looking Statements This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified using words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict. You are urged to carefully review and consider any cautionary statements, including but not limited to expectations on our ability to continue as a going concern, increasing our revenues, the development or future sales of Oasis products, regaining compliance with NYSE American continued listing requirements and other disclosures, including the statements made under the heading 'Risk Factors' in cbdMD, Inc.'s Annual Report on Form 10-K for the fiscal year ended September 30, 2024 as filed with the Securities and Exchange Commission (the 'SEC') on December 17, 2024, and our other filings with the SEC. All forward-looking statements, including Euromonitor international projections, involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of cbdMD, Inc. and are difficult to predict. cbdMD, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law. The information which appears on our websites and our social media platforms, including, but not limited to, Instagram and Facebook, is not part of this press release. 1 THC-free is defined as below the level of detection using validated scientific analytical methods. cbdMD, Inc.
Yahoo
05-03-2025
- Business
- Yahoo
Tennessee hemp regulation bill moves out of House Judiciary Committee
Jackson Campbell shows off hemp products in his Nashville store, Perfect Plant Hemp Co. A bill moving through the Tennessee Legislature could move the sale of hemp products to the liquor industry. (Photo: John Partipilo) Despite warnings that the hemp industry would be decimated, the House Judiciary Committee passed a measure Wednesday that would put stricter regulations in place. Sponsored by House Majority William Lamberth of Portland, House Bill 1376 would place the industry under the Alcoholic Beverage Commission instead of the Department of Agriculture and remove products from convenience and grocery stores. Only vape and liquor stores would be allowed to sell some hemp products. The House bill is set to be heard next in the Commerce Committee where agreements with the industry could be reached. 'It does ban (derivatives) THCA and THCP. The reason for that is we have not legalized marijuana in this state,' Lamberth said. Hemp is distinguished from marijuana in that it contains a compound called delta-9 THC. Cannabis with a concentration of less than 0.3% delta-9 THC is defined as legal hemp in Tennessee – and federally. Cannabis with concentrations greater than .3% is classified as marijuana and is illegal to grow, sell or possess in Tennessee. Hemp flowers also contain THCA, a nonintoxicating acid that would be banned in Tennessee under this bill. When heated or smoked, the THCA in the plant converts into delta-9 THC – an illegal substance in Tennessee in greater than trace amounts. Let's be perfectly honest. (Recreational marijuana would) help the businesses, we'll have great revenue, and everybody smoking the stuff will be a lot happier. – Sen. Richard Briggs, R-Knoxville Clint Palmer, a representative of the hemp industry, told lawmakers the bill is similar to one passed in 2023 that led to a lawsuit against the Department of Agriculture that remains in litigation. If the new measure passes, Palmer said, hemp businesses will be forced to shut down, even after spending millions of dollars complying with state regulations. 'Bill sponsors have said it's the wild west in regards to the current hemp program. This is far from the truth,' Palmer said. The 2023 law put new restrictions on products containing THC, he said, and noted retail stores, manufacturers and distributors are required to be licensed or face criminal charges. Palmer added that regulation is lacking from the Department of Agriculture, despite a 6% tax on hemp-derived products, half of which nets the department $1 million a month. Tennessee hemp industry gets legal reprieve from product ban until summer Lamberth has said that consumers should know the ingredients when they buy a hemp product. But Palmer said those are listed on labels, based on the 2023 law. The House leader also indicated that the industry appears ready to sue the state again because the federal Farm Act sets standards on hemp. Palmer didn't acknowledge whether a lawsuit could follow the new bill's passage, but he said the Alcoholic Beverage Commission doesn't 'have a clear understanding of the hemp plant, and it's clearly shown in this bill.' The Senate version of the bill, sponsored by Republican Sen. Richard Briggs of Knoxville, is to be heard next by the finance committee. Briggs said last week as soon as the products are heated, they become marijuana. 'We could withdraw the bill and let's just put another bill out there that says we're going to have recreational marijuana,' Briggs said. 'Let's be perfectly honest. It'll help the businesses, we'll have great revenue, and everybody smoking the stuff will be a lot happier.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
04-03-2025
- Business
- Yahoo
Tiffany re-introduces bill to eliminate farm subsidy for solar projects
CHIPPEWA FALLS — U.S. Rep. Tom Tiffany has reintroduced legislation that would eliminate most subsidies for solar and wind energy projects on farm land. The measure is titled Future Agricultural Retention and Management (FARM) Act. Tiffany, R-Minocqua, said he doesn't want land that is producing food to be taken out of production so it can instead produce energy. 'Taxpayer dollars shouldn't be used to sacrifice farmland for green energy boondoggles,' Tiffany wrote in a press release last week announcing the bill. 'The FARM Act ends corporate welfare for unreliable energy sources and ensures agricultural land is protected for future generations.' The bill, H.R. 1754, has been referred to the House Committee on Ways and Means. According to the U.S. Department of Agriculture, U.S. farmland acreage has decreased more than 20 million acres between 2017 and 2022. Between this same period, all but five states (Alaska, Iowa, Maryland, New Jersey, and Rhode Island) lost farms. Tiffany said he has heard from numerous constituents who fear too much farmland is being taken away. 'Instead of forcing taxpayers to underwrite generous green energy giveaways that often take farmland out of production, the Farm Act would protect family farms for generations to come, save American farmland, and safeguard long-term food security,' the press release states. The FARM Act does not prevent developers from building wind turbines or solar panels. However, it does prevent taxpayer funds from tipping the scales in favor of wind and solar development at the expense of food production. According to a report by the Office of Tax Analysis at the Treasury Department, renewable subsidies — including wind and solar — will cost taxpayers $424.6 billion over the next decade. Tiffany first introduced this legislation in 2022. He explained at that time that utility companies who are putting solar and wind projects on farm land are driving up the price for renting property, because they are getting the subsidy they use to pay for the land. 'Because of the subsidy, it is distorting the marketplace,' Tiffany said at the time. Tiffany said it is important to keep all farm land in production. 'Growing our own food is going to be one of the most important things for our country's national security,' Tiffany told the Leader-Telegram. 'I'm alarmed we are going to take productive farmland out of production.' With Republicans now controlling both the U.S. House and Senate as well as the presidency, the bill has a stronger chance of becoming law this time. The bill is co-sponsored by Reps. Ben Cline (VA-06), Warren Davidson (OH-08), and Roger Williams (TX-25). Tiffany, who represents the Seventh Congressional District that covers northwest Wisconsin including most of Chippewa County except for Chippewa Falls, was elected in May 2020, replacing Sean Duffy, who is now secretary of the Department of Transportation.
Associated Press
07-02-2025
- Business
- Associated Press
cbdMD, Inc. to Host Conference Call to Discuss December 31, 2024 First Quarter of Fiscal Year 2025 Results
Charlotte, North Carolina--(Newsfile Corp. - February 7, 2025) - cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBDpA), one of the nation's leading, highly trusted and widely recognized CBD companies, today announces that it will host a conference call at 4:20 p.m., Eastern Time, on Thursday, February 13, 2025, to discuss the company's December 31, 2024 first quarter of fiscal year 2025 financial results and business progress. CONFERENCE CALL DETAILS [This table cannot be displayed. Please visit the source.] About cbdMD, Inc. cbdMD, Inc. is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free 1 CBD products, including NSF Certified for Sport® products, as well as our new Full Spectrum products. Our cbdMD brand currently includes high-grade, premium CBD products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD sleep aids and CBD drink products including our Herbal Oasis Social Tonic and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products including tinctures, chews, topicals products in varying strengths, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free 1 CBD oil and Full Spectrum products as well as our other brands, please visit or follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products. 1 THC-free is defined as below the level of detection using validated scientific analytical tools. cbdMD, Inc.
