cbdMD Generates $19.1 Million in Year Over Year Reduction in Net Loss Improvement
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cbdMD, Inc. reported a $19.1 million year-over-year reduction in net loss and ended the fiscal year with a stronger cash position. The company operates leading CBD brands and a new functional mushroom brand.
December 18, 2024 | 9:30 pm
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cbdMD, Inc. achieved a significant $19.1 million reduction in net loss year-over-year and improved its cash position, indicating financial health and potential for growth.
The substantial reduction in net loss and improved cash position suggest that cbdMD is managing its finances well, which could lead to positive investor sentiment and a potential increase in stock price.
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