CbdMD Reports Mixed Q2 Results

CbdMD Inc (NYSE: YCBD) reported second-quarter results Thursday that arrived higher than expected and included a record sales figure. 

What Happened

For the second quarter, the CBD oil maker reported net sales on a GAAP basis of $5.7 million, up by 84 percent on the year, beating the consensus estimate by $2.47 million. 

CbdMD posted a net loss of $31.8 million, of which 97 percent represented a change in the value …

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