Canadian cannabis company Canopy Growth Corp. said Wednesday that Martha Stewart CBD has launched a line of CBD-based topicals in its first category expansion, adding to existing products that include gummies, oils and softgels. The new Martha Stewart CBD Wellness Topicals are designed to improve wellbeing, with a cream designed for muscle recovery, one for better sleep and one aimed at stress management. CBD is the non-psychoactive ingredient in the cannabis plant that is widely held to have wellness benefits. The creams are priced at a range of $19.99 up to $99.99 for 150 mL, of the Super Strength CBD cream aimed at muscle recovery. They were designed by Stewart along with Marquee Brands and Canopy Growth. Canopy’s U.S.-listed shares were up 1.3% premarket, but have fallen 11% in the last 12 months, while the Cannabis ETF has 57% and the S&P 500 has gained 20.5%.
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