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COWEN COLLABORATIVE INSIGHTS February 25, 2019 _ Figure 119 Devan Chemical’s R-Vital - Flow Chart For A CBD-Infused Textile Source: Cowen and Company; Devan Chemical Tilray And ABG Sign Partnership Privately held Authentic Brands Group (ABG) recently signed a deal with Tilray to capitalize on the general wellness capabilities of CBD. ABG’s product portfolio includes athletic based names such as Muhammad Ali, Shaquille O’Neal, Dr. J, Nautica and Prince. The muscle recovery and wellness capabilities of CBD create branding opportunities within these brands. CBD oil also has wellness characteristics beneficial for skin care products. ABG’s Nine West Brand will offer wellness products containing CBD powered by Tilray. ve COWEN.COM HOUSE_OVERSIGHT_024888