Costa Rica's FIFA-Recognized Soccer Team Turns To CBD For Injury Prevention & Healing
Portfolio Pulse from Jelena Martinovic
CBDMD, Inc. (NYSE:YCBD) has announced a sponsorship deal with FIFA-affiliated Costa Rican soccer team, Club Sport Herediano. This is the first partnership between a CBD brand and a professional FIFA-recognized premier division soccer team. The company's NSF Certified for Sport products will be incorporated into the players' wellness and recovery routines. The news led to a 9.57% increase in cbdMD's shares, trading at $1.03 per share.
October 05, 2023 | 3:52 pm
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CBDMD's partnership with Club Sport Herediano, a FIFA-affiliated soccer team, marks a significant step for the company and the CBD industry in professional sports. The news led to a 9.57% increase in the company's shares.
The partnership with a FIFA-affiliated soccer team is a significant milestone for CBDMD and the CBD industry. This could potentially open up more opportunities for the company in the sports industry, which is likely why the stock price increased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100