Business Context and Reporting Period
This Form 8-K is a current report filed by cbdMD, Inc. on December 03, 2019. The filing serves as a Regulation FD disclosure regarding a press release issued on the same date. The company is incorporated in North Carolina and trades on the NYSE American under the symbols YCBD and YCBD PR A.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses solely on the announcement of sales volume activity rather than detailed financial statements.
Material Changes
The primary event reported is the announcement of sales volume over the Black Friday and Cyber Monday holiday period. No comparative financial data or percentage changes versus prior periods are included in this specific filing text.
Guidance, Outlook, and Risks
Management commentary is limited to the issuance of a press release (Exhibit 99.1) detailing holiday sales performance. The filing explicitly states that the information furnished in Item 7.01 and Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings. No specific forward-looking guidance, risk factors, or contingencies are detailed within the body of this 8-K.
Investor Verification Checklist
- Review Exhibit 99.1 (the press release) for specific sales volume figures and growth rates for the Black Friday/Cyber Monday period.
- Verify the company's status as an emerging growth company and its election regarding extended transition periods for accounting standards.
- Confirm the trading status of the 8.0% Series A Cumulative Convertible Preferred Stock (YCBD PR A) alongside the common stock.
- Note that the sales data in this filing is furnished, not filed, meaning it carries different legal liabilities than audited financial data.