cbdMD, Inc. announced its financial results for the third quarter of fiscal year ended June 30, 2025, on August 14, 2025. The company reported revenue of $4.6 million for the quarter, a decrease from $5.2 million in the prior year period. Operating loss increased from $0.4 million to $0.9 million.
Ronan Kennedy, CEO of cbdMD, stated that the third-quarter results were not up to standard, but noted that a major overhaul to the marketing team and digital strategy has been completed. He indicated that trends starting in July were encouraging, with the aim to reverse the multi-year revenue slide and return to break-even in the near future.
The Herbal Oasis beverage brand continues to show growth potential, with its e-commerce business scaling at a quicker pace during July, and distribution expanded to 7 states as of August 14, 2025. However, regulatory uncertainty in several states impacted wholesale accounts, contributing to revenue challenges, despite positive developments at the national level regarding cannabis scheduling.
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