---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002717"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:57:42.692872+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# cbdMD to issue up to 6.06M shares for $2M advertising credit from a360 Media

## Summary
- Issues up to 6,060,606 shares at $0.33/share in exchange for a $2,000,000 advertising credit.
- 70% of shares vest immediately; 15% vest pro-rata with each placement; 15% vest upon no product-category restrictions.
- Advertising placement must be used by December 30, 2023, or shares are forfeited.
- Shares issued in unregistered transaction under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001437749-23-002717
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000143774923002717/0001437749-23-002717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000143774923002717/ycbd20230207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002717
- JSON: https://secwatch.observer/filing/0001437749-23-002717.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002717.txt

## Key facts
- Material Agreements
  cbdMD, Inc. entered into Agreement for Advertising Placement with a360 Media, LLC valued at up to 6,060,606 shares of the Company’s common stock valued at $0.33 per share (effective 2023-02-01).
  - Action: entry
  - Counterparty: a360 Media, LLC
  - Value: up to 6,060,606 shares of the Company’s common stock valued at $0.33 per share
  - Effective: 2023-02-01
  source text: On February 1, 2023, cbdMD, Inc. (the “Company”) entered into an Agreement for Advertising Placement (the “Agreement”) with a360 Media, LLC, a Delaware limited liability company (“a360”) in which a360 will provide professional media support and advertising placement in exchange for up to 6,060,606 shares of the Company’s common stock valued at $0.33 per share (the “Shares”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774923002717/0001437749-23-002717-index.htm

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