“On behalf of the entire Board of Directors and the Lauder family, we wish to extend our sincere gratitude to Fabrizio for over sixteen years of devoted service to the Company,” said William P. Lauder, Executive Chairman. “We look forward to celebrating Fabrizio’s many amazing accomplishments as his formal retirement date nears. Until then, the Board, Fabrizio and the entire leadership team are laser-focused on navigating the current challenges faced by the Company.”

Mr. Lauder continued, “On a personal note, Fabrizio has been an incredible partner to me as well as other members of the Lauder family. He understands the uniqueness of this family business and has used our long-term focus and principle of patient capital as a point of strength as he has transformed the business to meet evolving consumer aspirations.”

On his retirement, Mr. Freda said, “Leading The Estée Lauder Companies for sixteen years, is and has been, a true honor and privilege. I am so proud of our company’s incredible accomplishments, and to have built the most talented, dedicated, and passionate team in the industry. Together we have transformed the Company in beautiful ways; and we have set new standards for excellence. I will continue to be fully focused on the execution of our strategic reset and the Profit Recovery and Growth Plan, as we continue to address the current challenges. As we manage for the long term, now is the right time to look ahead to the next generation of leadership for this great company. I look forward to continuing to work closely with our Board of Directors in the selection of my successor and ensuring a seamless transition.”

The Company will announce its fiscal 2024 earnings results for its fourth quarter and full year ended June 30, 2024, on Monday, August 19, 2024.

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The Estée Lauder Companies acquired the TOM FORD brand on Friday, April 28th, 2023, in a transformational deal that establishes the company as the sole owner of the TOM FORD brand and all its intellectual property. The stewardship of the brand by ELC and the new leaders announced, and through its licenses with the Zegna Group for fashion and accessories, and Marcolin Group for eyewear, provides continuity and allows for the further evolution of the TOM FORD brand as one of the preeminent global luxury brands of the twenty-first century. The Zegna Group acquired operations of the TOM FORD fashion business (“TOM FORD FASHION”) necessary to perform its obligations as a licensee of ELC.

Tom Ford and Domenico De Sole will continue to serve as brand advisors through the end of calendar 2023. About the new leadership appointments, Tom Ford said, “I could not be happier with the acquisition of the TOM FORD brand by The Estée Lauder Companies. The team there has been a great partner and Guillaume is an exceptional leader, with not only a strong business understanding of beauty, but a great understanding of fashion as well.

“I am also pleased that the Zegna Group will continue to manufacture and distribute TOM FORD fashion and accessories, and operate retail for TOM FORD FASHION. I have worked closely with Zegna for more than 30 years, first at Gucci, then at Yves Saint Laurent. When contemplating the creation of the TOM FORD brand there was simply no other partner that we would have turned to, to produce high quality fashion products and a flawless retail experience.

“Marcolin has been an excellent partner in producing and distributing TF eyewear since the inception of the brand and I have enjoyed close collaboration with Maurizio Marcolin and his talented team for many years now.

“These companies, under the brand stewardship of The Estée Lauder Companies, provide me with confidence that the TOM FORD brand will continue to be something that I will be proud of for many years to come.”

Domenico De Sole said, “I am delighted with this acquisition. We have had a long-standing partnership between the TOM FORD brand and The Estée Lauder Companies dating from the brand’s inception, as well as a close relationship with Gildo Zegna and the Zegna Group over the past 30 years. Given our long and successful histories together, I am certain that the two companies, together, will carry on the legacy that Tom and I have built over the past 18 years. I am grateful to Tom for his magnificent vision and leadership, and I thank our amazingly talented TOM FORD team for their dedication to and hard work for the brand.”

GUILLAUME JESEL NAMED PRESIDENT AND CEO, TOM FORD AND LUXURY BUSINESS DEVELOPMENT, THE ESTÉE LAUDER COMPANIES

Guillaume Jesel named President and CEO, TOM FORD

Guillaume Jesel brings nearly a decade of successful brand leadership of TOM FORD BEAUTY to his new executive leadership position at the TOM FORD brand. As President and CEO of TOM FORD, Guillaume will have oversight across all verticals and set a holistic luxury strategy for the brand. Guillaume will report to ELC executive leaders Jane Hertzmark Hudis, Executive Group President, and Tracey T. Travis, Executive Vice President and Chief Financial Officer.

“Guillaume has been instrumental in shaping the luxury beauty sector of our business. His ability to articulate the TOM FORD brand has resulted in TOM FORD BEAUTY achieving remarkable global success, making him ideally suited to lead the TOM FORD brand into its exciting future,” said Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies.

Under Guillaume’s tenured leadership at TOM FORD BEAUTY, where he worked directly with Tom Ford and his team, the brand spearheaded iconic innovation and strategically expanded its global reach, firmly establishing TOM FORD BEAUTY as a powerhouse in luxury beauty. Since 2014 when Guillaume started with TOM FORD BEAUTY, he has led the brand to achieve strong net sales growth on a compound annual basis and significantly improved ranking in global prestige fragrance and makeup, respectively.

PETER HAWKINGS APPOINTED CREATIVE DIRECTOR, TOM FORD

Peter Hawkings named Creative Director, TOM FORD

Peter Hawkings has been working alongside Tom Ford for nearly twenty-five years, most recently as Senior Vice President of TOM FORD Menswear. In his ascension to Creative Director, Peter will succeed Tom Ford with respect to his responsibilities as Creative Director of Fashion, including womenswear, menswear and accessory categories, assuming the role of lead designer for the fashion segment and fashion shows.

Peter will be responsible for upholding the TOM FORD brand’s vision, ensuring consistency of creative direction and decisions across all fashion categories and ushering the TOM FORD brand into its next chapter. He will report directly to Guillaume and matrix report to the CEO of TOM FORD FASHION.

“In Peter Hawkings the brand has found the perfect Creative Director,” said Tom Ford. “Peter began working with me 25 years ago as a menswear design assistant at Gucci and rapidly worked his way up to become the senior men’s designer at the company when he left to join me at the TOM FORD brand. Since the creation of TOM FORD menswear, Peter has been instrumental in the success of the brand. He is an incredibly talented leader with tremendous industry experience, and his appointment gives me confidence that my commitment to creating fashion products with the highest level of design and quality will continue.”

Peter began his career in 1998 at Gucci under the helm of Tom Ford and worked closely with him on the development of the highly successful Gucci menswear collections. Peter left Gucci in 2006 to join Tom Ford in the launch of his eponymous brand where he was charged with overseeing the design and production of all categories of TOM FORD menswear including tailoring, sportswear, leather goods, and accessories.

“Peter is one of the world’s most accomplished menswear designers. His design experience working under Tom Ford is unparalleled and his commitment to quality is relentless,” said Guillaume. “There is no one more perfectly suited than Peter to carry the founder’s legendary creative vision into the future.”

TOM FORD FASHION LEADERSHIP

The CEO of TOM FORD FASHION has been appointed and is expected to be announced in July and assume the role in the third quarter of calendar 2023. The leader will be responsible for the end-to-end TOM FORD FASHION business from collection development, to merchandising, through to production as well as retail and wholesale distribution.

Ermenegildo “Gildo” Zegna, CEO of Ermenegildo Zegna Group said, “We are delighted to appoint a strong leader for TOM FORD FASHION and look forward to leveraging the leader’s luxury business acumen and international experience to further grow the TOM FORD FASHION business globally. I am thrilled about the opportunities that this transaction brings to all of us as we continue the journey started by Tom and Domenico whom we congratulate for their remarkable achievements.”

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Nancy Mahon, Chief Sustainability Officer, The Estée Lauder Companies

As the company’s CSO, Nancy will continue to focus on the strategic integration and implementation of ELC’s sustainability initiatives, as well as ESG reporting across the organization.  She will also continue to serve as Executive Director of The Estée Lauder Companies’ Charitable Foundation. Nancy will also remain a member of ELC’s ESG Management Committee.

“Sustainability has long been central to how The Estée Lauder Companies and its brands have operated, and is a key part of our corporate strategy,” said Freda. “We are committed to continuously evolving to drive our sustainability initiatives forward and helping to innovate and connect at both local and global levels, ultimately positioning us well to succeed in a changing global economy. Appointing Nancy to Chief Sustainability Officer is an example of our company’s ambition and focus on these initiatives.”

“Now more than ever, we have a responsibility to help drive progress, and we are dedicated to our sustainability initiatives throughout the value chain,” said Lauder. “Nancy is a trusted leader with a track record of winning results, and we look forward to her continued success as Chief Sustainability Officer.”

Appointed Senior Vice President, Global Citizenship and Sustainability, in 2014, Nancy has collaborated with leaders across ELC to develop a strategy for ELC’s climate and environmental initiatives, with a focus that includes energy, emissions, packaging, and ingredient traceability.

Under Nancy’s leadership in this capacity, the company has extended its efforts to reduce environmental impacts across operations and throughout the value chain. Notably, ELC has focused on addressing climate change through targets to help reduce greenhouse gas (GHG) emissions, and has implemented strategies to help minimize waste generation and disposal and water use. Moving forward, under Nancy’s leadership, ELC’s sustainability strategy will continue to focus on innovative solutions to gain efficiencies and reduce impact at various stages of our products’ life cycles.

Nancy joined ELC as Vice President, M•A•C Cosmetics and Executive Director of M•A•C AIDS Fund (now known as the M•A•C Viva Glam Fund) in 2006 for philanthropy in this initiative. In recognition of M•A•C’s proven leadership for this cause, Nancy was appointed by President Obama as Chair of the President’s Advisory Council on HIV/AIDS in 2011.

She was promoted to Senior Vice President, M•A•C Cosmetics, in 2009. In 2011, she was named Senior Vice President for Philanthropy and Social Initiatives, assuming responsibility for cause-marketing programs for Bobbi Brown, Jo Malone London, and La Mer, in addition to M•A•C.

Outside of ELC, Nancy has served as Private Delegate to the UN Commission on Women and is a Founding Member of the National Institute of Medicine’s Forum on Global Private Public Partnerships.

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Another name of excellence has been added to Lumson’s list of collaborations with leading brands. This time, it’s Eau Thermale Avène, a Pierre Fabre Group brand, which for its new HYALURON ACTIV B3 line, put its trust in the expertise and technological know-how of Lumson, a leading Italian company in the primary cosmetic packaging sector.  

The Hyaluron Activ B3 is characterized by its revolutionary approach to fighting signs of aging and its eco-friendly footprint. The latter follows the sustainability policy adopted by the Pierre Fabre group for some time now and is best exemplified by the creation of the Green Mission in 2019, an integrated corporate unit that unites and coordinates all of the Group’s CSR initiatives and sustainable development. An important part of the group’s goals is dedicated to new products which, since 2020, have been designed in an eco-sustainable way just like Hyaluron Activ B3, which is ushering in a new chapter in Avéne’s long history.  

RE PLACE FOR THE CELLULAR RENEWAL CREAM  

For the velvety, comforting, and sense-enveloping CELLULAR RENEWAL CREAM, RE PLACE was chosen, the 50ml refill jar with a refillable inner-cup. An innovative and eco-friendly solution that is perfectly in line with the Pierre Fabre Group’s sustainability policy. Only one year after its launch on the market, thanks to its versatility and fresh and innovative appeal, Lumson’s RE PLACE has won itself a place of honor in the world of skincare.  

Equipped with an eco-refill that is easily removable and replaceable, it represents the ideal solution for Avène which combines elegance with an eco-friendly approach: the refill solution, in fact, has an extremely positive environmental impact because through reuse – one of the pillars of a circular economy – it avoids the manufacturing and transport of new material and at the same time, promotes more ethical and virtuous habits to consumers.  

ENVERS GLAS FOR THE MULTI-INTENSIVE NIGHT CREAM 

A totally custom Envers Glas was chosen for the Multi-Intensive Night Cream which stimulates cellular renewal and activates collagen synthesis. Formulated with Haritaki Extract, which prevents the degradation of hyaluronic acid and increases its lifespan, and Retinaldeide, 10x more active than Retinol, this rich and enveloping cream contains 97%  naturally-derived ingredients and promises more toned skin after just 15 days of use. 

Envers Glas is an airless with pouch system that combines the qualities of the “classic” Envers – in primis, safety, and preservation of a formula’s integrity – with the prestigious look of glass, a noble and sophisticated material. Envers Glas, with its new cosmetic dispensing mode, offers ease of use, maximum safety, and high product restitution, perfect for meeting the needs of female consumers who are known to prefer products in jars for their beauty routines.  

Innovation with Envers Glas goes above and beyond: thanks to advanced technology, unique design, and elevated functionality, Lumson’s airless jar represents the generation of cosmetics packaging that opens the door to a mode of consumption that is more aware and respectful of both humanity and the environment.  

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New men’s grooming brand offers high-performance products that elevate his daily routine

ATWATER is a premium skincare brand founded by industry leader Chris Salgardo. Officially launched on August 16th, the grooming range for men offer high-performance, superior-quality skincare essentials that are smart, simple, and solve his everyday grooming concerns, while uncomplicating his routine.

Atwater Founder Chris Salgardo

“As a consumer myself and after working in the beauty industry for over 30 years, I was on a mission to launch a brand that offered high-quality products that would simplify a man’s daily regimen, something he would stick to for life,” says Salgardo.  

The ATWATER brand pays homage to the hometown of Mr. Salgardo’s father, Atwater, CA. The brand was further inspired by Salgardo’s love of, great grooming, adventure sport, bright and healthy skin. Packaging was designed for simplicity with clean, non-toxic and highly effective formulas that deliver results through potent actives and comfortable textures.

The brand will debut exclusively at select Nordstrom US store locations as well as at nordstrom.com, and the brand’s own site, atwaterskin.com. The ATWATER philosophy emphasizes the importance of not over-stressing the skin with unnecessary products.

Each product was formulated with intent, avoiding harsh, abrasive treatments that compromise skin health. The formulas are powered by active ingredients with clinical benefits that achieve brighter, healthier skin through a consistent daily regimen – a routine to last a lifetime.

“ATWATER was guided by a lifetime of trial and error. From the texture to the design, every single touchpoint of the brand was infused with decades of invaluable knowledge from my tenure at the most successful beauty companies in the world.” says Salgardo.

The ATWATER range consists of a series of collections ordered around skin-type and regimen – Skin Armor, Heavy Armor, Oil Regulator, Smooth Target and Clean Impact: Facial Moisturizer ($35), Eye Moisturizer ($29), Face Scrub ($25), Lip Moisturizer ($12), Facial Cleansing Bar ($18), Shaving Cream ($18) and Body Cleansing Scrub Bar ($17).

For more information on ATWATER, please visit ATWATERSkin.com

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the story

in 1996, philosophy launched a facial cleanser that simplified cleansing and makeup removal, purity made simple one-step facial cleanser. at the time, there were mild facial cleansers that existed, but very few that could actually remove makeup while still treating your skin with gentleness, making purity one of the first of its kind. over the years, it became the #1 facial cleanser in America1, garnering more than 11,000 5-star reviews. fast forward to today, the purity made simple franchise continues to grow and evolve with two new must-haves.

the news

when life is complicated, purity is simple. meet your new pore-fecting powerhouse duo: purity made simple pore purifying foam cleanser and purity made simple pore minimizing serum.

purity made simple pore purifying foam cleanser gives pores a clean slate, gently cleansing, purifying pores and leaving skin feeling comforted and conditioned, while purity made simple pore minimizing serum helps decrease the appearance of pores instantly and over time, for skin that looks balanced, perfected and makeup-optional.

using the new purity made simple pore purifying foam cleanser and purity made simple pore minimizing serum as a regimen with the purity made simple pore extractor face mask is clinically proven to decrease pore count in 7 days.

clear the way for clean, purified pores and radiant skin with purity made simple pore purifying foam cleanser. this multi-action cleanser instantly removes impurities from pores and leaves them visibly minimized in just one week.

formulated with papaya enzyme and glycolic acid, it helps deeply cleanse, tighten, and minimize the appearance of pores.

the results you can see:

• ·86% felt their pores were cleansed of dirt and impurities instantly
• ·skin is deeply purified and radiant
• ·skin doesn’t feel dry or stripped

the how to:

• pump and apply to damp face and neck, massaging for 30-60 seconds
• rinse and follow with purity made simple pore minimizing serum and purity made simple ultra-light moisturizer
• use am and pm

the ingredients:

• an ideal blend of papaya enzyme and the optimal dose of glycolic acid to help deeply cleanse and reduce the look of visible pores
• formulated without parabens, phthalates, formaldehydes, sls, sles, phenoxyethanol & BHT, vegan formula

purity made simple pore minimizing serum’s advanced formula works immediately and has sustained positive impact on skin—training pores to look their best and appear unclogged, tighter, and minimized over time.

the results you can see:

immediate positive impact on skin

• clinically proven to instantly minimize pore appearance by 29%
• clinically proven to minimize pore congestion

sustained positive impact on skin

• 87% agree the serum trains pores to look minimized in 4 weeks
• skin looks balanced, perfected and makeup-optional

the how to:

• apply 1-2 pumps onto clean, dry face after using purity made simple pore purifying foam cleanser
• gently press product into skin until absorbed. follow with purity made simple ultra-light moisturizer
• use am and pm

the ingredients:

• pharmaceutical grade salicylic acid to clarify and purify
• lentil seed extract to help tighten pores·lilac extract and lemon myrtle extract to help limit excess and oxidation of surface sebum that may lead to clogged pores
• formulated without phthalates, bht, phenoxyethanol, formaldehydes, ·formulated without phthalates, bht, phenoxyethanol, formaldehydes, sls, ehydes, sls, ethatol, vegan formula

where & when: philosophy.com and all philosophy approved retailers beginning august 1, 2022

• purity made simple pore minimizing serum 1 oz, $39
• purity made simple pore purifying foam cleanser 5 oz, $27

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The Estée Lauder Companies opened of its new, state-of-the-art distribution center located in Galgenen, Switzerland, to accommodate the dynamic and future growth of its global Travel Retail business. Travel Retail, which covers the world of duty-free environments including airports, downtown locations, airlines, cruises and border shops, is one of the company’s highest growth channels and touches over 3 billion consumers a year. This new 300,000 square foot facility expands upon the company’s existing distribution footprint in Switzerland and will enable ELC to remain at the forefront of delivering its prestige beauty products and high-touch services to traveling consumers around the world. The center is equipped to support the continued growth of Travel Retail and will further drive the company’s sustainability efforts.

Umair Ansari, VP/GM, Travel Retail EMA, Fabrizio Freda, President and Chief Executive Officer, Jane Lauder, EVP, Enterprise Marketing and Chief Data Officer, and Roberto Canevari, EVP, Global Supply Chain cut the ribbon at the new Galgenen distribution center. (Photo: Business Wire)

Fabrizio Freda, President and Chief Executive Officer, Israel Assa, Global President, Travel Retail Worldwide and Roberto Canevari, Executive Vice President, Global Supply Chain hosted the opening ceremony with Nadine Graf, Senior Vice President, General Manager, Europe , Middle East , and Africa (EMEA), Maike Kiessling, General Manager, Switzerland , Jamal Chamariq, Senior Vice President, Global Supply Chain, EMEA and Travel Retail Worldwide and Sascha Trabelsi, Vice President, Supply Chain, Travel Retail Worldwide. The opening ceremony was attended by special guests including retailers, suppliers, local government officials, media and ELC employees.

“Travel Retail continues to demonstrate its resilience, driving tremendous growth over the last decade for The Estée Lauder Companies. We remain extremely confident in the channel for the long-term, especially as travel restrictions ease globally and people start traveling again,” said Fabrizio Freda. “The opening of our new Galgenen distribution center will enable us to adapt even better to ever-changing retail needs and growth opportunities for the channel, and expand upon our existing distribution presence in Switzerland.”

The Estée Lauder Companies’ Travel Retail division is the market share leader in the channel within the total beauty category across skin care, makeup, fragrance and hair care¹. With a strong brand portfolio that resonates with consumers globally, ELC’s Travel Retail division continually demonstrates best-in-class marketing activations tailored to travelers’ needs, recruits new consumers and builds brand equity around the world. Accounting for 28% of ELC’s sales in fiscal year 2021, Travel Retail is uniquely positioned to win in this high growth environment with the company’s recent investment to expand its distribution network to meet the demands of the traveling consumer population.

“As we mark the 30^th anniversary of The Estée Lauder Companies’ Travel Retail business, we are incredibly proud of our track record of exciting and delighting travelers all over the world with our exclusive products and high-touch experiences for the Travel Retail industry and having made the channel an integral engine of growth for ELC,” said Israel Assa. “As we look to the future, this investment here at Galgenen is a testament to our belief in the long-term growth potential of this channel and that by investing in these capabilities and with our retailers, we can capture the next generation of growth in this dynamic, prestige marketplace.”

The Estée Lauder Companies has a long history of success within Switzerland , opening its affiliate office more than 55 years ago and its first manufacturing plant more than 45 years ago. As the fifth largest employer in the canton of Schwyz , ELC prides itself on its inclusive and collaborative culture, competitive compensation and benefits, career development opportunities, commitments to health, safety and sustainability, and high-performance. The company currently has four distribution centers in Switzerland . Switzerland is also home to ELC’s EMEA and TR Supply Chain Management Hub in Wollerau, which drives agility, speed, and collaboration across our EMEA and Travel Retail supply chain teams. With the addition of the new facility in Galgenen, the Travel Retail business will double its total output capacity, enabling the flexibility necessary to adapt to the channel’s high growth potential.

“Galgenen will serve as a cornerstone of The Estée Lauder Companies’ agile, global fulfillment network,” said Roberto Canevari. “This distribution center will not only significantly enhance our capacity but enable operational efficiencies, speed-to-market and resiliency through innovative, highly automated equipment and technologies. Additionally, we are proud that Galgenen is also a shining example of ELC’s commitment to safety, quality, and sustainability.”

Galgenen will further advance the sustainability of ELC’s global manufacturing and distribution network and the company through its best-in-class environmental design and renewable energy efforts. The building’s design is based on the newest standards to reduce energy and water consumption. It features total LED lighting, an energy-efficient HVAC system and the roof’s solar panels generate 1600 kilowatts at peak performance (kWp). Furthering sustainability efforts, a comprehensive waste management system has been implemented to separate out numerous recyclables, with electric trucks ready for waste removal. As part of the recycling undertaking, wooden waste pallets will generate renewable heating energy. Worldwide, ELC is driving strategic initiatives to reduce its environmental footprint, integrate environmentally responsible practices and invest in innovative technology as part of efforts to not only provide consumers with transformative products and experiences, but also to contribute to the well-being of the planet.

ELC’s new, state-of-the-art distribution center in Switzerland will support the dynamic growth of the Company’s TR business.

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Martha Stewart CBD has unveiled marking the brand’s first-ever category expansion in its growing CBD portfolio. Martha Stewart CBD provides consumers with an easy way to manage their needs throughout the day with convenient and trusted CBD products – including gummies, oils, softgels and the new CBD Wellness Topicals. Martha Stewart CBD Wellness Topicals offer simple solutions that are easy to use, easy to love, and are a part of Martha’s wellness portfolio.

Developed to improve daily wellbeing in specific ways, the topicals line consists of Super Strength CBD Cream designed for muscle recovery, Sleep Science CBD Cream designed for better sleep and Daily De-Stress CBD Cream designed for stress management. Each product is formulated with market leading levels of CBD, powerful co-actives and proven-to-work aroma-technology formulated specifically for each need, all carefully balanced for optimal results.

Canopy Growth CEO David Klein and Martha Stewart at a launch party for Martha Stewarts Tropical CBD Wellness Gummies at The Colony Hotel in Palm Beach (Photo: Capehart Photography)

“I believe that living well can be simplified by focusing on practical and effective solutions, which is why I created this line of CBD Wellness Topicals with the Canopy Growth team,” says Martha Stewart. “I am thrilled to help improve our customers’ daily lives through proven formulations that make wellness accessible and convenient, with offerings that address muscle discomfort, sleep deprivation, and stress.”

The effective formulas were created by Martha in partnership with Marquee Brands and Canopy Growth Corporation, a world-leading diversified cannabis and cannabinoid-based consumer product company. Leveraging Canopy Growth’s unparalleled consumer insights and continued innovation in the space, the new line uses cutting edge aroma-technology proven to activate key areas of the brain to induce mood state change around the areas of relaxation, reduced anxiety, emotion and memory.

“Martha Stewart CBD offers consumers simple solutions to improve everyday wellness, and we’re thrilled to expand into a new category with the launch of these CBD Wellness Topicals,” said Dr. Anna Persaud, Vice President of Skincare & Topicals at Canopy Growth. “Proven to work and tested with consumers, these high-quality, effective topicals solutions are scientifically formulated and rigorously tested at the peak of industry standards, and the new line represents the latest innovation in Martha Stewart’s growing portfolio of accessible CBD offerings.”

Martha Stewart CBD Wellness Topicals are formulated with US-derived broad-spectrum CBD, with the line featuring market leading levels of CBD with the lowest price per mg of CBD versus competitors. At launch, each SKU will be available for purchase in 20mL, 50mL and 150mL sizes.

Martha Stewart CBD Wellness Topicals

• Super Strength CBD Cream for muscle recovery, featuring powerful co-actives, including magnesium and ginger
  • 150 mL (7500 mg CBD) – $99.99
  • 50 mL (2500 mg CBD) – $44.99
  • 20 mL (1000 mg CBD) – $24.99
• Sleep Science CBD Cream for better sleep, featuring aroma-technology essential oils, including lavender & vetiver
  • 150 mL (3000 mg CBD) – $89.99
  • 50 mL (1000 mg CBD) – $39.99
  • 20 mL (400 mg CBD) – $19.99
• Daily De-Stress CBD Cream for stress management, featuring aroma-technology essential oils, including neroli & ho wood
  • 150 mL (4500 mg CBD) – $79.99
  • 50 mL (1500 mg CBD) – $34.99
  • 20 mL (600 mg CBD) – $19.99

For more information on these new offerings, please visit marthastewartcbd.com, where the full lineup is available, or follow @marthastewartcbd on Instagram. Martha Stewart CBD is now available on an affiliate program. Sign up to participate via the link here: https://bit.ly/3jM0cTh.

Notice Regarding Forward Looking Statements 

This article contains “forward-looking statements” and “forward-looking information” within the meaning of applicable U.S. and Canadian securities laws (collectively, “forward-looking statements”), which involve certain known and unknown risks and uncertainties. Forward-looking statements predict or describe our future operations, business plans, business and investment strategies and the performance of our investments. These forward-looking statements are generally identified by their use of such terms and phrases as “intend,” “goal,” “strategy,” “estimate,” “expect,” “project,” “projections,” “forecasts,” “plans,” “seeks,” “anticipates,” “potential,” “proposed,” “will,” “should,” “could,” “would,” “may,” “likely,” “designed to,” “foreseeable future,” “believe,” “scheduled” and other similar expressions. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Forward–looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those forward–looking statements and the forward–looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. A discussion of some of the material factors applicable to Canopy Growth Corporation (“Canopy”) can be found under the section entitled “Risk Factors” in Canopy’s Annual Report on Form 10-K for the year ended March 31, 2021, filed with the Securities and Exchange Commission and with applicable Canadian securities regulators, as such factors may be further updated from time to time in its periodic filings with the Securities and Exchange Commission and with applicable Canadian securities regulators, which can be accessed at www.sec.gov/edgar and www.sedar.com, respectively. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the filings. Any forward–looking statement included in this press release is made as of the date of this press release and, except as required by law, Canopy disclaims any obligation to update or revise any forward–looking statement. Readers are cautioned not to put undue reliance on any forward–looking statement. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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