cbdMD, Inc. (YCBD) Bundle
A Brief History of cbdMD, Inc. (YCBD)
Company Overview
cbdMD, Inc. (YCBD) is a publicly traded company headquartered in Charlotte, North Carolina, focused on producing and marketing CBD products.
Financial Performance
| Fiscal Year | Total Revenue | Net Income/Loss |
|---|---|---|
| 2023 | $33.3 million | ($14.2 million) |
| 2022 | $50.1 million | ($22.7 million) |
Product Portfolio
- CBD Oils
- CBD Gummies
- CBD Topicals
- CBD Capsules
- CBD Pet Products
Stock Performance
As of January 2024, YCBD trades on the NYSE American exchange with a market capitalization of approximately $30.5 million.
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Gross Margin | 42.1% |
| Operating Expenses | $20.1 million |
Corporate Structure
Executive Leadership: Martin A. Sumichrast serves as Chairman and CEO.
Market Position
cbdMD operates in the competitive CBD wellness product market, targeting direct-to-consumer and retail distribution channels.
A Who Owns cbdMD, Inc. (YCBD)
Major Shareholders
As of the most recent SEC filings, the top institutional shareholders of cbdMD, Inc. include:
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| Renaissance Technologies LLC | 521,716 shares | 3.24% |
| Vanguard Group Inc | 446,814 shares | 2.78% |
| Morgan Stanley | 279,648 shares | 1.74% |
Insider Ownership
Key insider ownership details:
- CEO Martin A. Sumichrast owns 1,350,000 shares
- Director Michael Moe owns 275,000 shares
- Total insider ownership represents approximately 8.9% of total outstanding shares
Ownership Structure
Publicly traded company details:
- Total Outstanding Shares: 16,076,000
- Ticker Symbol: YCBD
- Listed on: NYSE American
cbdMD, Inc. (YCBD) Mission Statement
Company Overview
cbdMD, Inc. (NASDAQ: YCBD) is a publicly traded cannabidiol (CBD) company headquartered in Charlotte, North Carolina.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $25.4 million |
| Net Loss | ($15.6 million) |
| Total Assets | $37.2 million |
Mission Statement Components
- Provide high-quality CBD products
- Promote wellness through natural solutions
- Ensure product transparency and third-party testing
Product Portfolio
| Product Category | Number of Products |
|---|---|
| Tinctures | 12 |
| Topicals | 8 |
| Gummies | 6 |
Market Position
Market Share in CBD Segment: Approximately 3.5% of the total CBD market
Operational Metrics
- Manufacturing Locations: 2
- Distribution Channels: Online, Retail, Wholesale
- Countries Served: United States, Canada
How cbdMD, Inc. (YCBD) Works
Company Overview
cbdMD, Inc. (NYSE American: YCBD) is a publicly traded cannabidiol (CBD) company headquartered in Charlotte, North Carolina.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $27.4 million |
| Net Loss | $14.1 million |
| Cash and Cash Equivalents | $5.2 million |
Product Portfolio
- CBD Tinctures
- CBD Topicals
- CBD Gummies
- CBD Capsules
- CBD Pet Products
Distribution Channels
Retail Channels:
- Online Direct-to-Consumer
- Retail Stores
- E-commerce Platforms
Market Position
Market capitalization as of January 2024: $14.6 million
Operational Strategy
Focuses on creating high-quality, third-party tested CBD products across multiple consumer segments.
How cbdMD, Inc. (YCBD) Makes Money
Revenue Streams
cbdMD, Inc. generates revenue through the following primary channels:
- Direct-to-consumer online sales
- Wholesale distribution to retailers
- CBD product line sales
Product Portfolio
| Product Category | Revenue Contribution |
|---|---|
| CBD Oils | 42.3% |
| CBD Topicals | 22.7% |
| CBD Gummies | 18.5% |
| CBD Capsules | 12.5% |
| Other CBD Products | 4% |
Financial Performance
Annual Revenue (2023): $27.4 million
Gross Margin: 55.6%
Operating Expenses: $18.6 million
Sales Channels
| Sales Channel | Percentage |
|---|---|
| E-commerce | 65.2% |
| Retail Partnerships | 28.3% |
| Wholesale | 6.5% |
Market Segments
- Wellness consumers
- Pain management
- Sleep aid
- Stress relief
Geographic Distribution
| Region | Sales Percentage |
|---|---|
| United States | 92.7% |
| International Markets | 7.3% |
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