OverviewSuggest Edit

cbdMD (formerly known as Level Brands and Level Beauty Group) is a company that produces cannabidiol (CBD) consumer products. It offers a variety of CBD products through its e-commerce platform.

TypePublic
Founded2015
HQCharlotte, NC, US
Websitecbdmd.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Dec 2019)182
Revenue (FY, 2020)$41.9 M(+78%)
Share Price (Jan 2022)$1.1
Cybersecurity ratingBMore
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Key People/Management at cbdMD

Martin Sumichrast

Martin Sumichrast

Chairman & CEO
Anthony Shriver

Anthony Shriver

Founder & Chairman
Erik Sterling

Erik Sterling

CFO
Gregory C. Morris

Gregory C. Morris

Board Member
Kathy Ireland

Kathy Ireland

Chief Brand Strategist & Chairman Emeritus
Marty Sumichrast

Marty Sumichrast

CEO
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cbdMD Office Locations

cbdMD has an office in Charlotte
Charlotte, NC, US (HQ)
8845 Red Oak Blvd
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cbdMD Financials and Metrics

cbdMD Revenue

cbdMD's revenue was reported to be $41.88 m in FY, 2020
USD

Revenue (Q2, 2021)

11.8m

Gross profit (Q2, 2021)

8.2m

Gross profit margin (Q2, 2021), %

69.1%

Net income (Q2, 2021)

(12.5m)

EBIT (Q2, 2021)

(4.2m)

Market capitalization (25-Jan-2022)

60.1m

Closing stock price (25-Jan-2022)

1.1

Cash (31-Mar-2021)

23.7m

EV

44.7m
cbdMD's current market capitalization is $60.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.7m6.4m23.7m41.9m

Revenue growth, %

134%

Cost of goods sold

9.1m15.5m

Gross profit

14.5m26.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

433.2k3.0m1.8m1.2m5.7m8.0m10.1m9.4m10.6m12.3m11.8m

Cost of goods sold

3.0m3.7m2.7m3.7m3.4m3.6m

Gross profit

5.1m6.4m6.7m6.9m8.9m8.2m

Gross profit Margin, %

63%64%71%65%72%69%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

284.2k4.3m4.7m14.8m

Accounts Receivable

141.5k459.0k911.5k

Prepaid Expenses

85.4k561.5k688.1k903.0k

Inventories

588.2k123.2k4.3m4.6m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(1.4m)62.8k(51.4m)12.6m

Depreciation and Amortization

71.3k222.5k289.6k720.8k

Inventories

41.2k(255.9k)3.1m535.1k

Accounts Payable

(745.3k)285.2k2.3m1.5m
USDFY, 2017

Financial Leverage

1.4 x
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cbdMD Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

cbdMD Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

cbdMD Online and Social Media Presence

Embed Graph

cbdMD News and Updates

cbdMD Partners with World Surf League for Jaws Big Wave Championships

LOS ANGELES, Nov. 5, 2019 /PRNewswire/ -- Today, the World Surf League (WSL) announced a new partnership with cbdMD, a nationally recognized consumer cannabidiol (CBD) brand (NYSE American: YCBD). cbdMD will be the official title partner of the Jaws Big Wave Championships for the...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Level Brands, Inc. - LEVB

NEW YORK, April 19, 2019 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Level Brands, Inc. ("Level Brands" or the "Company") (NYSEAMERICAN: LEVB). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....

Level Brands stock jumps after launching new Kathy Ireland-branded CBD products

Shares of Level Brands Inc. jumped 5% in premarket trade Friday, after the marketing and licensing announced the launch online of five new cannabidiol (CBD) products under the Kathy Ireland Health and Wellness brand. The company said the launch is through its 10-year licensing agreement with Canada…

cbdMD Blogs

Level Brands Closes Acquisition of Nationally Recognized Health & Wellness Brand cbdMD

CHARLOTTE, N.C.–(BUSINESS WIRE)–Level Brands, Inc. (NYSE American: LEVB) (the “Company”) announced today that it has closed its acquisition... Continue Reading The post Level Brands Closes Acquisition of Nationally Recognized Health & Wellness Brand cbdMD appeared first on Level Brands.

Level Brands, Inc. Announces Closing of $6.9 Million Public Offering

October 2, 2018 CHARLOTTE, N.C.–(BUSINESS WIRE)–Oct. 2, 2018– Level Brands, Inc. (NYSE American: LEVB) (the “Company”), an innovative marketing and... Continue Reading The post Level Brands, Inc. Announces Closing of $6.9 Million Public Offering appeared first on Level Brands.

Level Brands Announces Five Organic Hemp Derived CBD Products Now Available Online

CBD Consumer Products Are Being Marketed Through The kathy ireland® Health & Wellness Brand Under Its License Agreement With Isodiol... Continue Reading The post Level Brands Announces Five Organic Hemp Derived CBD Products Now Available Online appeared first on Level Brands.

Kathy Ireland® and Level Brands to ring New York Stock Exchange Opening Bell on Tues., Aug. 28, 2018

Level Brands, Inc. (NYSE American: LEVB), an innovative brand management and licensing company that provides bold, unconventional, and socially... Continue Reading The post Kathy Ireland® and Level Brands to ring New York Stock Exchange Opening Bell on Tues., Aug. 28, 2018 appeared first on Level Br…

Level Brands’ I’M1 Signs 5-Year Licensing Agreement with Revolutionary Gravocore Fitness System

I’M1 to receive 8% royalty of the net sales from all licensed products plus annual advertising fees CHARLOTTE,... Continue Reading The post Level Brands’ I’M1 Signs 5-Year Licensing Agreement with Revolutionary Gravocore Fitness System appeared first on Level Brands.

Level Brands Inc. to Showcase Artwork of Romero Britto in Licensing Deal with Lamps Plus

Level Brands to generate product royalties from 3-year licensing deal CHARLOTTE, N.C.–(BUSINESS WIRE)–Jun. 21, 2018– Level Brands Inc. (NYSE American: LEVB),... Continue Reading The post Level Brands Inc. to Showcase Artwork of Romero Britto in Licensing Deal with Lamps Plus appeared first on Level …
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cbdMD Frequently Asked Questions

  • When was cbdMD founded?

    cbdMD was founded in 2015.

  • Who are cbdMD key executives?

    cbdMD's key executives are Martin Sumichrast, Anthony Shriver and Erik Sterling.

  • How many employees does cbdMD have?

    cbdMD has 182 employees.

  • What is cbdMD revenue?

    Latest cbdMD annual revenue is $41.9 m.

  • What is cbdMD revenue per employee?

    Latest cbdMD revenue per employee is $230.1 k.

  • Who are cbdMD competitors?

    Competitors of cbdMD include Surterra Wellness, Mile High Labs and Verma Farms.

  • Where is cbdMD headquarters?

    cbdMD headquarters is located at 8845 Red Oak Blvd, Charlotte.

  • Where are cbdMD offices?

    cbdMD has an office in Charlotte.

  • How many offices does cbdMD have?

    cbdMD has 1 office.