Cbdmd Inc Stock Price, News & Analysis

cbdMD, Inc. (NYSE American: YCBD) reported strong financial results for Q1 FY 2021, with net sales increasing by 22% year-over-year to $12.3 million. Gross profit margin improved to 72.2%, up from 63.5% in the previous quarter. E-commerce sales soared 41% to $9.7 million, and Paw CBD net sales grew by 83% to $1.5 million. Operating expenses decreased by 15% to $10.7 million, while the loss from operations fell 71% to $1.8 million. However, the net loss attributable to shareholders was $9.5 million, primarily due to a non-cash contingent liability related to previous acquisitions.

cbdMD, Inc. (NYSE American: YCBD) has retained Dr. Sibyl Swift, a former FDA official, as a regulatory consultant. Dr. Swift will oversee regulatory initiatives and prepare products for certifications, emphasizing cbdMD's commitment to quality and safety. With a notable background at the FDA and the Natural Products Association, Dr. Swift's expertise aims to enhance cbdMD's compliance and product standards. The move signifies cbdMD's strategy to align with regulatory requirements and strengthen market position in the CBD industry.

cbdMD, Inc. (NYSE American: YCBD) announced a conference call scheduled for February 9, 2021, at 4:15 p.m. ET to discuss its Q1 2021 financial results and business updates. Investors can join the call using domestic dial-in number 1-888-267-2822 or international number 1-973-528-0011. A replay will be available through March 11, 2021 using the passcode 39768. The company is recognized for its extensive line of THC-free CBD products, available through various retail outlets and online.

cbdMD announced a renewed sponsorship with rally driver Ken Block, enhancing brand visibility in his racing events. Block will display the cbdMD logo on his fire suit and rally car while promoting the brand through various marketing initiatives. He expressed confidence in cbdMD products, integrating them into his health regimen and opting for part of his sponsorship in the company's stock. cbdMD aims to leverage Block's 8 million social media followers to boost awareness of its CBD offerings for athletes and everyday users.

cbdMD, Inc. (NYSE American: YCBD, YCBDpA) has launched a new beauty and skincare line called cbdMD Botanicals, featuring 15 luxury products. The line aims to combine cbdMD’s patented CBD formula with all-natural ingredients, promoting a vegan and gluten-free approach. Products range from facial oils and serums to moisturizers and masks. The launch is poised to position cbdMD in the expanding global beauty and skincare market, aiming to meet consumer demand for natural, high-quality options.

cbdMD, Inc. (NYSE American: YCBD) has announced the launch of its direct-to-consumer operations in the United Kingdom, featuring a dedicated website for U.K. customers. This expansion follows a partnership with Ultra Sport EU for comprehensive distribution. U.K. consumers can now purchase cbdMD's popular products, including CBD oil tinctures, softgel capsules, and gummies, with fulfillment from a local warehouse. co-CEO Martin Sumichrast emphasized the growing demand for CBD products globally, positioning this launch as a significant growth opportunity in the U.K. market.

cbdMD, Inc. (YCBD) reported financial results for Q4 and fiscal year 2020, indicating significant growth with a 77% year-over-year increase in net sales, reaching $41.9 million. E-commerce sales surged by 106% to $30.5 million, accounting for 73% of total sales. The company achieved a notable decrease in non-GAAP adjusted loss from operations to approximately $1.3 million in the second half of the year. Despite a net income of $12.2 million, operational losses persisted. A cash position of about $30 million supports the 2021 strategy, as the company aims for positive adjusted operating income.

cbdMD, Inc. (NYSE American: YCBD) will host a conference call on December 22, 2020, at 4:15 p.m. ET to discuss its financial results for the fourth quarter and fiscal year ending September 30, 2020. The call will provide insights into the company's performance and business progress. Domestic and international dial-in numbers are included for participants. The replay will be available through January 20, 2021, and a webcast link for replay is also provided.