24/7 Market News Snapshot 15 January, 2025 – cbdMD, Inc. Common Stock (NYSE:YCBD)

January 15, 2025

DENVER, Colo., 15 January, 2025 (247marketnews.com) – (NYSE:YCBD) are discussed in this article.
cbdMD, Inc. (NYSE American: YCBD), a prominent player in the CBD market, has demonstrated significant momentum today, with shares opening at $0.51 and trading at $0.590, marking an impressive rise of approximately 13.92%. This positive fluctuation follows a prior session close of $0.518 and is underpinned by a current trading volume of 8.68 million shares, indicating increased investor activity and potential for further upward movement. The price action hints at a possible breakout above key resistance levels, bolstering bullish sentiment within the market. Traders are advised to monitor future shifts in volume and pricing, as they can provide insights into the sustainability of this positive trend.

In conjunction with the notable stock performance, cbdMD has achieved a significant financial milestone by completely converting and repaying its Senior Secured Convertible Notes, thereby eliminating its associated debt as of January 14, 2025. This strategic move enhances the company’s cash reserves and provides capital flexibility to further focus on sustainable growth initiatives. Currently, the share count stands at 6,262,833 shares issued and outstanding, emphasizing the improved financial standing as cbdMD transitions to a debt-free status, aside from standard operational payables.

CEO Ronan Kennedy expressed enthusiasm over this critical achievement, highlighting the enhanced operational flexibility it affords the company. With a strong commitment to driving profitability and managing resources effectively, cbdMD aims to leverage its extensive product offerings, including its flagship cbdMD line and Paw CBD brand for pets, to solidify its leadership position in the ever-evolving CBD sector. The company is dedicated to maintaining consumer trust through quality and transparency as it continues on its path of growth, ultimately enhancing shareholder value.

Related news for (YCBD)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.