CV Sciences, Inc. Announces Expanded Distribution Partnership With The Vitamin Shoppe
Partnership Broadens Distribution of PlusCBD™ Oil Goods to Extra Than 500 The Vitamin Shoppe Areas
SAN DIEGO, Oct. 17, 2019 (GLOBE NEWSWIRE) — CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) merchandise, is pleased to announce additional expansion of its business-dominating PlusCBD™ Oil brand to a total of 515 The Vitamin Shoppe areas in 36 U.S. states and Puerto Rico.
CV Sciences’ expansion increases distribution and availability of a broad assortment of the Company’s finest-promoting PlusCBD™ Oil merchandise. Distribution across The Vitamin Shoppe’s national footprint involves each topical merchandise, such as PlusCBD™ Oil Further Strength Balm and lately launched PlusCBD™ Oil Roll-On, as effectively as PlusCBD™ Oil complete spectrum hemp extracts such as Gold Formula Softgels, Gold Formula Drops, and Total Plant Complicated Sprays and Capsules.
The Company’s PlusCBD™ Oil merchandise started promoting on September 22, 2019 at 383 The Vitamin Shoppe retailers in 30 U.S. states and Puerto Rico. With the addition of 132 The Vitamin Shoppe retailers across 3 states, CV Sciences’ PlusCBD™ Oil merchandise are now offered at additional than five,500 retail areas all through the U.S.
Following a profitable initial rollout to practically 400 The Vitamin Shoppe areas, we are pleased to additional expand our partnership to make PlusCBD™ merchandise offered to additional shoppers of The Vitamin Shoppe.
Joseph Dowling, Chief Executive Officer of CV Sciences
PlusCBD™ Oil has the major-promoting CBD hemp extract supplement in the Total U.S. All-natural Channel and its Further Strength Balm ranks #1 in sales in each the Total U.S. All-natural Channel and Total U.S. MULO (Multi Outlet) amongst CBD hemp extract topicals, according to SPINS and IRI information*, respectively. Brightfield Group, a major predictive analytics and marketplace investigation firm for the CBD hemp extract marketplace, expects $1.three billion in sales of hemp CBD topicals in 2019, with a compound annual development price of 169% from 2018 – 2022.
About CV Sciences, Inc.
CV Sciences, Inc. (OTCQB:CVSI) operates two distinct company segments: a customer item division focused on manufacturing, marketing and advertising and promoting plant-primarily based CBD merchandise to a variety of marketplace sectors and a drug improvement division focused on building and commercializing CBD-primarily based novel therapeutics using CBD. The Company’s PlusCBD™ Oil is the major-promoting brand of hemp-derived CBD on the marketplace, according to SPINS, the major provider of syndicated information and insights for the all-natural, organic and specialty merchandise business. CV Sciences’ state-of-the-art facility follows all suggestions for Superior Manufacturing Practices (GMP) and the Company’s complete spectrum hemp extracts are processed, made, and tested all through the manufacturing procedure to confirm the cannabinoid content material meets strict enterprise requirements. With a commitment to science, PlusCBD™ Oil’s positive aspects in healthful people today are supported by human clinical investigation information, in addition to 3 published clinical case research offered on PubMed.gov. PlusCBD™ Oil was the very first hemp CBD supplement brand to invest in the scientific proof important to obtain self-affirmed Typically Recognized as Protected (GRAS) status. CV Sciences, Inc. has principal offices and facilities in San Diego, California. More information and facts is offered from OTCMarkets.com or by going to www.cvsciences.com.
About the Vitamin Shoppe, Inc. (NYSE: VSI)
The Vitamin Shoppe® is an omni-channel specialty retailer and wellness life-style Enterprise with the mission of offering shoppers with the most trusted merchandise, guidance, and solutions to support them turn out to be their finest selves, having said that they define it. Primarily based in Secaucus, New Jersey, the Enterprise gives a extensive assortment of nutritional options, such as vitamins, minerals, specialty supplements, herbs, sports nutrition, homeopathic treatments, green living merchandise, and all-natural beauty aids. In addition to carrying merchandise from around 700 national brands, The Vitamin Shoppe gives merchandise from its proprietary brands inside its owned and wholesale channels, such as: The Vitamin Shoppe®, BodyTech®, BodyTech Elite®, Accurate Athlete®, plnt® and ProBioCare®. The Enterprise conducts company by way of additional than 750 enterprise-operated retail retailers below The Vitamin Shoppe and Super Supplements banners, and by way of its site, www.vitaminshoppe.com.
Original press release
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