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One of the nation’s leading CBD brands outpaces the CBD market’s year-over-year flat growth rate of 2.5% amidst a challenging year.
December 21, 2021
By: Lianna Albrizio
Associate Editor
Net sales cbdMD, Inc., operator of its leading CBD brands – cbdMD, Paw cbd cbdMD Botanicals – increased 6.2% to a record $44.5 million for the fourth quarter and fiscal year ended Sept. 30. Nets sales were $41.8 million in fiscal year 2020. According to chairman and co-CEO, Martin A. Sumichrast, cbdMD outpaced the industry average despite the market researcher Brightfield Group’s expectation of the US’s CBD market experiencing its most challenging year with year-over-year g...
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