The events of the past year have been difficult for everyone. But few have been hit harder than small businesses, especially those in the hospitality industry.
Bars, restaurants, live music venues, salons, and dozens of other businesses have been temporarily shuttered due to health restrictions with only nominal relief in sight. The result? Many small employers now teeter on the brink of bankruptcy.
The Barstool Fund, founded by Barstool Sports’ Dave Portnoy in December 2020, aims to provide financial relief for struggling businesses all over the nation. To assist with the effort, cbdMD has pledged up to $500,000 in donations to the fund.
When customers purchase topical products at cbdMD.com during the month February, they can use promo code BARSTOOLFUND during checkout to receive a 25 percent discount on their purchase. cbdMD will then match the discount amount with a cash donation to The Barstool Fund.*
In order to receive support from the initiative, businesses must continue to supply wages to employees during shutdowns.
“Everyone at cbdMD is excited to throw our support behind The Barstool Fund,” said cbdMD Chairman and Co-CEO Marty Sumichrast.
“Small businesses employ around half the workforce in the United States. They’re absolutely vital to our communities, and the effect of losing them is felt from coast to coast. Dave’s work has raised over $30 million so far and extended a lifeline to dozens of employers. We’re proud to do our part, and we encourage our customers to take full advantage of this opportunity to help their neighbors through cbdMD and The Barstool Fund.”
Individuals and companies may also make tax-deductible donations directly to The Barstool Fund through its website.
*Offer ends 11:59:59 p.m. PT on 2/28/21, or when $500,000 cap is reached. Void in MA, AL, IL, SC, MS, and HI. 25% donation is based on price paid for product(s), excluding tax, shipping, or other charges. Donation is to 30 Day Fund, Inc., DBA Barstool Fund, a 501(c)(3) charity, to help small businesses meet payroll, pay rent/utilities, and support employee benefits in all fifty states. Learn more about the program at https://www.barstoolsports.com/the-barstool-fund, and about 30 Day Fund, Inc. at https://va30dayfund.com/.