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Video: What is a Stock Split?
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cbdMD owns and operates the cannabidiol (CBD) brands cbdMD, Paw CBD and cbdMD Botanicals. Co.'s cbdMD brand of products includes an array of CBD products, including tinctures; gummies; topicals; capsules; drink mixes; and sleep, focus and calming aids. Co.'s Paw CBD brand of products includes a line of veterinarian-formulated products including tinctures, chews, topicals products in varying strengths and formulas. Co.'s cbdMD Botanicals brand of beauty and skincare products features facial oil and serum, toners, moisturizers, clear skin, facial masks, exfoliants and body care stock keeping units. According to our YCBD split history records, cbdMD has had 1 split. | |
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cbdMD (YCBD) has 1 split in our YCBD split history database. The split for YCBD took place on April 25, 2023. This was a 1 for 45 reverse split, meaning for each 45 shares of YCBD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 22.2222222222222 share position following the split.
When a company such as cbdMD conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the YCBD split history from start to finish, an original position size of 1000 shares would have turned into 22.2222222222222 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into cbdMD shares, starting with a $10,000 purchase of YCBD, presented on a split-history-adjusted basis factoring in the complete YCBD split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/20/2017 |
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End date: |
04/26/2024 |
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Start price/share: |
$243.36 |
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End price/share: |
$0.87 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.64% |
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Average Annual Total Return: |
-58.34% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$35.78 |
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Years: |
6.43 |
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Date |
Ratio |
04/25/2023 | 1 for 45 |
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