YCBD - There Is More Than 50% Upside Potential In cbdMD Inc.

• cbdMD Inc. claims to be producing and distributing the purest hemp extract with CBD, CBG, and CBN without tetrahydrocannabinol.
• YCBD has the largest social media reach of all CBD competitors. In my view, if management continues to be that successful all over the internet, revenue will grow.
• The CBD lidocaine products were recently launched, and will most likely offer revenue growth soon. Besides, I am also optimistic about the water-soluble products launched in 2021.
• I used a capital expenditures/sales ratio of 5%, which results in a free cash flow of $5-$80 million. The discounted FCF would grow from $2.5 million in 2023 to more than $25 million in 2030.
• In my view, new partnerships with professional athletes and other organizations would also be a fantastic sales driver.

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