Corporate Message From cbdMD, Inc. Chairman Martin Sumichrast
cbdMD, Inc. (YCBD)
Company Research
Source: Business Wire
CHARLOTTE, N.C.--(BUSINESS WIRE)--cbdMD, Inc. (NYSE American: YCBD, YCBD PR A), a leading cannabidiol (CBD) consumer brand, provided the following corporate message from Chairman Martin Sumichrast.We are obviously living in unprecedented times with the COVID-19 pandemic. cbdMD has been taking proactive measures to protect its employees, like so many businesses in the world. From an economic perspective, cbdMD currently has over $14 million in cash and we have reduced, and in some cases eliminated, our variable spend in marketing, advertising and sponsorships and related costs. cbdMD has a sizable inventory build over the past eight weeks and therefore we have significant finished goods inventory which we are using to fulfill orders. We continue to see consistent online sales, which is approximately 70% of our total sales, and are fulfilling all orders as they are received. Brick and mortar retail stores, however, are expected to be impacted in the coming weeks. While we are all un
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Sec Filings
- 4/5/24 - Form 3
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- YCBD's page on the SEC website