Welcome to our dedicated page for cbdMD news (Ticker: YCBD), a resource for investors and traders seeking the latest updates and insights on cbdMD stock.
cbdMD, Inc. (NYSE American: YCBD) is a premier provider of high-quality, hemp-derived cannabidiol (CBD) products. Founded in 2015 and headquartered in Charlotte, North Carolina, cbdMD has quickly become one of the most highly trusted and recognized names in the CBD industry. The company offers a broad range of CBD products under its flagship brand cbdMD, as well as its pet-focused brand Paw CBD and its newly launched ATRx Labs line of functional mushroom supplements.
The company's product portfolio includes CBD tinctures, gummies, topicals, capsules, bath bombs, bath salts, sleep aids, and veterinarian-formulated pet CBD products like tinctures, chews, and topicals. It has built a robust distribution network, leveraging its own e-commerce platform, third-party online marketplaces, wholesalers, and a variety of brick-and-mortar retailers across the United States.
In recent developments, cbdMD has introduced innovative products such as the THCV+CBG Energy Softgels, which combine the potency of two dynamic cannabinoids with caffeine and B12 to enhance energy, focus, and clarity. The company's dedication to innovation is also evident in the launch of its CBD+CBG Oil Tincture and the introduction of a new Vice President of Wholesale Sales to expand its market reach.
Financially, cbdMD has been proactive in securing funding to support its growth. Recently, the company entered a securities purchase agreement, raising $1.25 million in gross proceeds to bolster working capital and support the national rollout of its ATRx Labs functional mushroom products. Despite reporting operational losses, cbdMD has implemented cost-cutting measures and strategic initiatives aimed at achieving profitability and enhancing shareholder value.
cbdMD's latest product,
cbdMD, Inc. (NYSE American: YCBD) releases its 1500 mg Tropical Mix Gummies, the latest addition to its NSF Certified for Sport® line of CBD products.
The gummies, containing 50 mg of CBD per serving, expand the company's market-leading range of Certified for Sport® products. cbdMD emphasizes its commitment to providing athletes and professionals with THC-free options that won't trigger drug tests. With the largest selection and the highest potency at the lowest prices, cbdMD aims to position itself as the premier choice for consumers. The certification assures users that products meet rigorous safety standards, allowing peace of mind for various professionals, including first responders and educators.
cbdMD, Inc. (NYSE American: YCBD) has announced the expansion of its product offerings at GNC, adding 11 new SKUs to its existing lineup of CBD products, now available in over 840 stores nationwide. This follows a successful partnership that began in August 2020. The new products include various ingestibles like CBD gummies, sleep aids, softgels, and tinctures, enhancing consumer accessibility to CBD wellness solutions. This initiative is aimed at increasing brand visibility and meeting growing consumer demand in the wellness sector.
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