Kentucky-Based Company Becomes First CBD Sponsor Of New York Media Softball League
Portfolio Pulse from Joana Scopel
The New York Media Softball League (NYMSL) has secured a sponsorship with Cornbread Hemp, a Kentucky-based CBD company. This marks the first collaboration between a CBD company and a non-professional league. As part of the sponsorship, players will receive custom hats with Cornbread Hemp's logo and samples of their CBD products. The partnership highlights the increasing acceptance of cannabis-related products within the sports industry.
July 06, 2023 | 8:22 pm
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Charlotte’s Web, which trades as CWBHF on OTC markets, was mentioned as the official CBD sponsor of Major League Baseball last year. This news may not have a direct impact on the company, but it shows the growing acceptance of CBD sponsorships in sports leagues.
While Charlotte’s Web is not directly involved in this news, the mention of their previous sponsorship with MLB in the context of a new CBD sponsorship in sports could indirectly reinforce the company's pioneering role in this area. However, it's unlikely to have a significant impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Charlotte’s Web was mentioned as the official CBD sponsor of Major League Baseball last year. This news may not have a direct impact on the company, but it shows the growing acceptance of CBD sponsorships in sports leagues.
While Charlotte’s Web is not directly involved in this news, the mention of their previous sponsorship with MLB in the context of a new CBD sponsorship in sports could indirectly reinforce the company's pioneering role in this area. However, it's unlikely to have a significant impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50