---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-000303"
form_type: "8-K"
ticker: "TPB"
cik: "0001290677"
company_name: "Turning Point Brands, Inc."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T09:54:52.880591+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TPB contributes CDS segment to GWO JV for 49% stake; option to buy remaining 51%

## Summary
- Contributed 100% of South Beach Brands (CDS segment) to GWO in exchange for 49% fully-diluted stake.
- CDS segment had $14.9M revenue, $270K operating loss, and $270K EBITDA for three months ending Sept 30, 2024.
- TPB holds 15-year option to purchase remaining 51% of GWO at initial $22M, decreasing over time.
- GWO is a JV with Standard General (formed Dec 2018); TPB has redemption rights for its contribution at fair value.

## SEC filing metadata
- accession: 0001140361-25-000303
- form_type: 8-K
- ticker: TPB
- cik: 0001290677
- company_name: Turning Point Brands, Inc.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290677/000114036125000303/0001140361-25-000303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290677/000114036125000303/ef20041105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-000303
- JSON: https://secwatch.observer/filing/0001140361-25-000303.json
- Plain text: https://secwatch.observer/filing/0001140361-25-000303.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.