Jun. 7 at 6:11 PM
$YCBD
Float & OS:8.89M / 8.91M
raising its pro forma non-GAAP adjusted book value from approximately
$670,000 to over
$7 million.
The company eliminated legacy obligations, including
$4 million in annual dividends and over
$50 million in preferred waterfall payouts, simplifying its capital structure.
Wholesale revenue increased by 22% compared to the previous year, demonstrating growth in the core wholesale business.
The Herbal Oasis brand, new distribution partners in Alabama, Florida, and North Carolina, and has received awards at the 2025 High Spirits Award.
significant reduction in SG&A expenses, totaling
$3.5 million compared to
$4.1 million in the prior year, due to cost-saving initiatives.