cbdMD Acquires Bluebird Botanicals Assets, Strengthening Revenue Base
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Acquisition Completed: cbdMD has completed the acquisition of substantially all assets of U.S. cannabidiol brand Bluebird Botanicals, structured as an asset purchase with initial payment through share issuance, while specific financial terms remain undisclosed.
- Revenue Base Enhancement: This acquisition is expected to add an established revenue base and intellectual property portfolio for cbdMD, with anticipated operational efficiencies and revenue synergies to be evaluated post-integration.
- Positive Market Reaction: Following the acquisition announcement, cbdMD's stock rose 7.69% in premarket trading to $1.12 per share, indicating market approval and optimism regarding the deal.
- Strategic Implications: By acquiring Bluebird Botanicals, cbdMD not only expands its market share but also strengthens its position in the competitive CBD industry, laying a foundation for future growth.
Analyst Views on YCBD
Wall Street analysts forecast YCBD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for YCBD is 2.00 USD with a low forecast of 2.00 USD and a high forecast of 2.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.040
Low
2.00
Averages
2.00
High
2.00
Current: 1.040
Low
2.00
Averages
2.00
High
2.00
About YCBD
cbdMD, Inc. is a cannabidiol (CBD) company. The Company has a comprehensive line of United States produced, THC-free CBD products, including NSF Certified for Sport products, as well as its new Full Spectrum products. The Company's flagship brands include cbdMD and Paw CBD, as well as its functional mushroom brand ATRx Labs. Its cbdMD brand includes high-grade, premium CBD products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD sleep aids and CBD drink products including its Herbal Oasis Social Tonic and an array of Farm Act compliant Delta 9 products. Its Paw CBD brand of pet products includes veterinarian-formulated products including tinctures, chews, topicals products in varying strengths, and its ATRx brand of natural functional mushroom support. Its cbdMD, Paw CBD and ATRx products are distributed through its e-commerce websites, third party e-commerce sites, select distributors and marketing partners as well as a variety of brick-and-mortar retailers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
