cbdMD, Premium CBD Oil Company, Welcomes Two New Executives

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cbdMD continues to expand with the addition of two new executives to the team.

cbdMD LLC, a member of the Level Brands, Inc. (NYSE American: LEVB) family of companies, announced today that as our commitment to providing the highest quality CBD in the industry continues to be the cornerstone of our organization, cbdMD is dedicated to acquiring and retaining the best talent. It is with great pleasure that we announce the addition of Paul DiBrito and Brian Borders to the cbdMD team.

DiBrito is a seasoned executive with over 30 years of experience in leadership roles – specializing in company strategy, operations, merchandising, negotiations, logistics, marketing, and company growth. He has joined cbdMD as the Chief Revenue Officer. DiBrito has held executive positions with PetSmart, Dollar General, Fleming Companies, as well as 10 years of consulting experience. DiBrito brings a high level of guidance for expansion and cost containment.

Borders, Vice President of Operations, brings more than 25 years of experience as an executive leader with extensive experience driving turnaround, process re-engineering, and highly complex multi-functional projects. His past experience includes over 13 years at Bank of America leading teams responsible for managing strategy, design, and implementation of projects and campaigns. Most recently, at Live Oak Bank, Borders was responsible for the creation and ongoing management of Vendor Management functions.

“We’ve always been selective in regard to the hiring process here at cbdMD,” said Caryn Dunayer, President of cbdMD. “We believe DiBrito and Borders exemplify our company’s core values while bringing​ invaluable experience to our company. Both relationship-oriented, the two offer dynamic industry insights we believe are vital to cbdMD’s continued growth. I’m confident the experience and success both Paul and Brian have had in their previous disciplines will prove instrumental in both current and future needs. The cbdMD family welcomes them with open arms!”

About cbdMD (http://www.cbdMD.com)
cbdMD offers a comprehensive line of 100% natural, hemp-derived CBD oil products, including tinctures, capsules, vape oils, bath bombs, topicals, and pet products. As a company committed to the highest standards for CBD sourcing, extraction, and production, cbdMD is for consumers seeking to experience the full benefits of CBD in a safe, convenient, and effective manner. For more information, please visit http://www.cbdMD.com.

About Level Brands (http://www.levelbrands.com)
Level Brands is an innovative brand management and licensing company that provides bold, unconventional, and socially responsible branding for leading businesses. Following its acquisition of Cure Based Development, LLC in December 2018, through its wholly-owned subsidiary cbdMD LLC Level Brands owns and operates the nationally recognized consumer cannabidiol (CBD) brand cbdMD, whose current products include CBD gummies, CBD tinctures, CBD topical, CBD bath bombs, CBD oils, and CBD pet products. Level Brands' primary licensing and corporate brand management businesses target consumer products in the health and wellness space and other high-demand verticals, bringing innovative products to market under the kathy ireland® Health & Wellness; Ireland Men One (I'M1), and Encore Endeavor One (EE1) brands.

Forward-Looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in Level Brands, Inc.'s Annual Report on Form 10-K for the fiscal year ended September 30, 2018 as filed with the Securities and Exchange Commission (the "SEC") on December 12, 2018 and our other filings with the SEC. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Level Brands, Inc. and are difficult to predict. Level Brands, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.

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Danielle
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