Home Trending Stocks Why cbdMD Inc. (YCBD) stock lost its positive momentum in the after-hours...

Why cbdMD Inc. (YCBD) stock lost its positive momentum in the after-hours on Thursday?

cbdMD Inc. (YCBD) shares declined 4.13% in after-hours on Thursday, June 24, 2021, and closed at $3.02 per share. Earlier, YCBD’s stock gained 6.42% to close Thursday’s normal trading session at $3.15 per share. YCBD shares have risen 81.03% over the last 12 months, and they have moved down 0.63% in the past week. Over the past three months, the stock has lost 19.64%, while over the past six months, it has plunged 9.38%.

>> 7 Top Picks for the Post-Pandemic Economy << 

Let’s try to find out why YCBD lost its positive momentum in the after-market on Thursday?


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


cbdMD Therapeutics Collaboration with Colorado State University’s for Animal Health Study

on June 3, 2021, cbdMD Therapeutics, which is a new subsidiary of cbdMD Incbegun a partnership with researchers at the Colorado State University (CSU) veterinary program, to explore the effects of the Company’s patent-pending, proprietary cbdMD branded cannabinoid blend on dogs that suffer from osteoarthritis.

Read More

The Company expects the full study to be complete by Spring 2022, which will provide validating data on the efficacy of the Company’s products in reducing pain and improving joint mobility in dogs.

cbdMD’s Paw CBD brand is one of the leading CBD animal health brands in the U.S.

Recent financial results announcement

on May 12, 2021, cbdMD, Inc released its financial results and its business highlights for its second quarter and six months ended March 31, 2021.

Q2 2021 financial highlights

  • cbdMD net sales were $11.8 million for the second quarter of fiscal 2021 compared to $9.4 million in the second quarter of fiscal 2020.
  • The gross profit margin was 69% for Q2 2021, compared to 71% for Q2 2020.
  • In Q2 2021, operating expenses were $12.3 million same as in Q2 2020.
  • For Q2, 2021 operating loss was $4.1 million compared to $5.6 million for Q2 2020.
  • For the reported quarter, net loss attributable to common shareholders was approximately $13.1 million, or $0.24 per share, as compared to net income of approximately $14.8 million, or $0.41 per share in Q2 2020.
  • The company had capital of approximately $27.9 million and cash on hand of approximately $23.7 million on March 31, 2021, compared to working capital of approximately $16.0 million and cash on hand of approximately $14.8 million on September 30, 2020.

U.S. Hemp Authority™ Certification

On May 10, 2021, cbdMD, received the prestigious U.S. Hemp Authority™ Certification (USHA).

The USHA Certification validates that cbdMD follows the highest standards and provides consumers with the highest quality hemp-extracted cannabinoid products.

The USHA Certification includes a third-party audit which covers topics such as maintaining a quality management system, meeting applicable ISO and cGMP standards, implementing standard operating procedures, and ensures compliance with relevant Federal regulations.

>> 7 Top Picks for the Post-Pandemic Economy << 

Conclusion

Well, we have no recent news or update which we could link with its loss in the after-hours on Thursday. at the moment, it is hard to predict how YCBD stock will perform on Friday.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Viracta Therapeutics Inc. (VIRX) stock decline during pre-market, prior to no recent update

Viracta Therapeutics Inc. (NASDAQ: VIRX) stock decline during pre-market by 2.32%. Viracta is a precision oncology firm that focuses on virus-related cancers. In two...

Related News

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam