Benzinga | Jul 13, 2020 08:07AM EDT

cbdMD Files New Patent Application

Patent Application Seeks Patent Protection for a Wide Range of Novel CBD Technologies and Methods

cbdMD, Inc. (NYSE:YCBD, YCBD PR A))))), one of the leading, most trusted and most recognized cannabidiol (CBD) consumer brands, announced today that it has filed a new patent application with the U.S. Patent and Trademark Office which will allow it to pursue patented protection in several key areas, including novel formulations and delivery systems, as well as methods of manufacturing and use. The recent submission by the company is part of its ongoing intellectual property strategy to ensure appropriate protection around its product lines and to be forward-thinking as to the direction of the CBD market.

"cbdMD has always been a leader of innovation the CBD industry. Pursuing intellectual property will remain a priority for us as we continue to strengthen and grow the company's assets within a fiscally disciplined mindset," said Martin A. Sumichrast, Chairman and co-CEO at cbdMD, Inc. "The filing of this new patent application furthers supports our mission of being a preeminent science-based company in a currently congested CBD marketplace. Continued research and development for real world applications drives innovation and protecting those proprietary technologies and ideas is consistent with cbdMD's business plan. We look forward to our future innovation and continuing to pursue additional IP protection."