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home / news releases / YCBD - cbdMD cheers strong Q4 prelim net sales

YCBD - cbdMD cheers strong Q4 prelim net sales

cbdMD Inc.
For Q4, cbdMD (YCBD) +3.2% AH, estimated prelim results wherein net sales are expected to range between $1.6 and $1.65M (+30-34% Q/Q)."We are seeing an incredible growth trajectory in our Paw CBD brand. We now project total net sales of the Paw CBD brand to reach approximately $6 million for calendar 2020," chairman & CEO Martin A. Sumichrast commented.Hemp Industry Daily, which used data provided by market analytics firm Nielsen Global Connect, estimated the hemp-derived CBD market for pets will total $40 to $60M in 2020.Based on these estimates, the company expects Paw CBD will represent ~10 to 15% market share in the pet U.S. CBD market in CY20.

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cbdMD cheers strong Q4 prelim net sales
Stock Information
Company Name: cbdMD Inc.
Stock Symbol: YCBD
Market: NYSE
Website: cbdmd.com
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