GREY:NEPTF - Post by User
Post by
Intuitx2on Nov 05, 2019 6:00pm
27 Views
Post# 30312787
As CBD commodity prices fall, it is critical is be the
As CBD commodity prices fall, it is critical is be the low cost extractor to sustain profitablity. Here's a retail example of CV Sciences getting their profit margins squeezed. Imagine the volume advantage a global gorilla like Unilever would have to squeeze the small players and make them go away.
The results fell well short of analyst expectations even as the company piled up new retail outlets last quarter for its CBD products. Its topical balms and roll-ons are now available in more than 5,400 retail locations throughout the U.S., including CVS Pharmacy and Kroger Co.
CV Sciences CEO Joseph Dowling blamed the results on the CBD industry being “flooded” with new products, driving down sales and profits.