Business Context and Reporting Period
cbdMD, Inc. filed a Form 8-K Current Report on October 17, 2022. 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 report revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a dividend declaration for preferred stockholders.
Material Changes
The material event reported is the declaration of a monthly cash dividend for the 8.0% Series A Cumulative Convertible Preferred Stock. No other material changes to the company's financial position or operations are disclosed in this document.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard signature block. The only specific action noted is the dividend payment schedule.
Important Facts for Investors
- Dividend Amount: $0.0667 per share of Series A Convertible Preferred Stock.
- Record Date: November 1, 2022.
- Payment Date: November 15, 2022.
- Stock Class: Applies only to the 8.0% Series A Cumulative Convertible Preferred Stock (YCBDpA), not common stock.