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EARNINGS PER SHARE

9 Months Ended

Jun. 30, 2021

Net Income (Loss) per share:

Note - 16 EARNINGS PER SHARE

NOTE 16 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the following periods:

		Three Months Ended								Nine Months Ended
		June 30,				June 30,				June 30,				June 30,
		2021				2020				2021				2020
Basic:
Net income (loss) continuing operations		$	1,537,288			$	(8,944,921	)		$	(20,368,808	)		$	18,909,818
Preferred dividends paid			560,281				100,050				1,220,610				266,800
Net income (loss) continuing operations adjusted for preferred dividend			977,007				(9,044,971	)			(21,589,418	)			18,643,018
Net income (loss) discontinued operations			-				(7,781	)			-				(48,983	)
Net income (loss) attributable to cbdMD Inc. common shareholders			977,007				(9,052,752	)			(21,589,418	)			18,594,035
Diluted:
Net income (loss) continuing operations			977,007				(9,044,971	)			(21,589,418	)			18,643,018
Net income (loss) discontinued operations			-				(7,781	)			-				(48,983	)
Net income (loss)			977,007				(9,052,752	)			(21,589,418	)			18,594,035
Shares used in computing basic earnings per share			56,676,326				51,335,548				54,089,263				41,411,261
Effect of dilutive securities:
Options			64,833				-				-				33,222
Warrants			22,884				-				-				256,536
Convertible preferred shares			4,667,600				833,500				-				833,500
Shares used in computing diluted earnings per share			61,431,643				52,169,048				54,089,263				42,534,519
Earnings per share Basic:
Continued operations			0.02				(0.18	)			(0.40	)			0.45
Discontinued operations			-				-				-				-
Basic earnings per share			0.02				(0.18	)			(0.40	)			0.45
Earnings per share Dliuted:
Continued operations			0.02				-				-				0.44
Discontinued operations			-				-				-				-
Diluted earnings per share			0.02				-				-				0.44

At the three and nine months ended June 30, 2021, 4,292,361 potential shares underlying options, unvested RSUs and warrants as well as 4,667,600 convertible preferred shares were excluded from the shares used to calculate diluted loss per share as their inclusion would reduce net loss per share.

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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