Business Context and Reporting Period
cbdMD, Inc. filed a Form 8-K Current Report on November 15, 2021. The company is incorporated in North Carolina and trades on the NYSE American under the symbols YCBD (Common Stock) and YCBDpA (8.0% Series A Cumulative Convertible Preferred Stock). The registrant is classified as an emerging growth company.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to a specific dividend declaration:
- Dividend Amount: $0.0667 per share.
- Security Class: 8.0% Series A Cumulative Convertible Preferred Stock.
- Record Date: December 1, 2021.
- Payment Date: December 15, 2021.
Material Changes
The filing reports the declaration of a monthly cash dividend for the Series A Convertible Preferred Stock. No other material changes to operations, financial condition, or capital structure are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure of the dividend event.
Investor Verification Checklist
- Verify the number of outstanding shares of 8.0% Series A Cumulative Convertible Preferred Stock to calculate the total cash outflow for the dividend.
- Confirm the company's liquidity position in the most recent 10-Q or 10-K to ensure sufficient cash reserves for the December 15, 2021 payment.
- Review the terms of the Series A Preferred Stock to understand the cumulative nature of the dividend and conversion rights.