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cbdMD to Acquire Twinlab Brands in Court-Supervised Asset Purchase

cbdMD logocbdMD
Sig3.05Sen+2.43Env0.00Soc+0.62Gov+0.95
TWIN
Sig2.35Sen+1.25Env0.00Soc+1.05Gov-0.95

cbdMD entered into a definitive asset purchase agreement to acquire Twinlab operating assets and brands, including Twinlab, Reserveage, Metabolife and Alvita Tea, via an assignment for the benefit of creditors (ABC) proceeding. The deal is subject to court approval and customary closing conditions, and is expected to expand the platform’s multi-brand revenues to about $30 million while keeping legacy products and customer relationships uninterrupted.

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