Gnc cbd cream
CBD is the non-psychoactive ingredient in marijuana that treats pain but doesn't get users high. The products will be sold exclusively at GNC locations and online stores in 23 states and the District of Columbia. GNC CEO Ken Martindale stated that the retailer is "committed to offering high-quality, innovative products that are being introduced in new categories like CBD," and believes that the products could attract new customers. Image source: Getty Images.
Myaderm CBD Body and Sport Creams Now Available at GNC
CBD is the non-psychoactive ingredient in marijuana that treats pain but doesn't get users high. The products will be sold exclusively at GNC locations and online stores in 23 states and the District of Columbia. GNC CEO Ken Martindale stated that the retailer is "committed to offering high-quality, innovative products that are being introduced in new categories like CBD," and believes that the products could attract new customers.
Image source: Getty Images. GNC's decision wasn't surprising, since plenty of other retailers already have jumped on the CBD bandwagon. GNC was once the market leader in vitamin and supplements. However, superstores, warehouse retailers, and e-tailers started luring away its customers with similar products. Its partnership with Amazon , which offered GNC products to Prime subscribers, offset some of those declines over the past two years.
Meanwhile, its core domestic business, which consists of company-owned and franchised locations, reported negative same-store sales throughout most of Source: GNC quarterly reports. However, none of those efforts address its core problem of sluggish domestic sales. The one bright spot from last-quarter's earnings report was the performance of two new product lines -- TamaFlex joint health supplements and Earth Genius plant-based supplements -- which tempered GNC's same-store sales declines.
Therefore, launching exclusive new products could still bring shoppers back to GNC's stores. The CBD market represents an easy way for companies to hop on the cannabis bandwagon without selling recreational marijuana.
GNC's stock rallied after the news, but it's highly doubtful that selling CBD products will resolve its biggest problems. Investors looking for a potential turnaround play should instead take a closer look at GNC's rival Vitamin Shoppe , which impressed investors with the stabilization of its gross margins last quarter.
More From The Motley Fool. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy. Related Quotes. Designer Brands Inc. GNC Holdings, Inc. Sign in. Sign in to view your mail. Finance Home. Leo Sun, The Motley Fool. Motley Fool April 28, View photos. Three glass bottles standing next to hemp leaves. Two gloved hands using a dropper out of a bottle of oil, with marijuana leaves in the background.
Story continues. Don't believe the hype GNC's stock rallied after the news, but it's highly doubtful that selling CBD products will resolve its biggest problems. Recently Viewed Your list is empty. What to Read Next. Yahoo Life Shopping. Motley Fool. Yahoo Finance. Yahoo Finance Video. PA Media: World News. AMZN Amazon.
Shop GNC now for Myaderm® CBD Body Cream, a powerful formula in a non-greasy cream containing mg of CBD per bottle. Shop GNC now for Myaderm® CBD Sport Cream, a powerful formula in a non-greasy cream containing mg of CBD per bottle.
GNC Holdings, Inc. The company is known and trusted for quality performance and nutritional supplements, and its broad assortment features innovative private-label products as well as national recognized third-party brands, many of which are exclusive to GNC. The company reaches consumers worldwide through company-owned retail locations, and domestic and international franchise activities, and e-commerce.
Myaderm uses proven advanced technologies to create innovative cannabinoid products. All products are manufactured in an FDA-registered facility.
The marijuana industry is on fire, and Wall Street has certainly taken notice. But the marijuana industry is far more complex than simply growing plants and selling dried flower to consumers.
