---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-008153"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:14:48.697037+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# cbdMD enters forbearance on sublease default, moves executive offices

## Summary
- Behind on rent since Sep 2023; default notice and summary ejectment filed Feb 2024.
- Forbearance requires $80k upfront plus four monthly payments of $40k to HSKL.
- Granted HSKL license to use Red Oak Facilities through July 31, 2024; sublease ends.
- Executive offices moved to 2101 Westinghouse Blvd, existing warehouse location.
- Breach of forbearance lets HSKL immediately pursue all remedies under sublease.

## SEC filing metadata
- accession: 0001437749-24-008153
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000143774924008153/0001437749-24-008153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000143774924008153/ycbd20240315_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-008153
- JSON: https://secwatch.observer/filing/0001437749-24-008153.json
- Plain text: https://secwatch.observer/filing/0001437749-24-008153.txt

## Key facts
- Material Agreements
  cbdMD, Inc. entered into License Agreement and Lease Forbearance Agreement with HSKL, Inc. valued at License grant and forbearance in exchange for $80,000 upfront and four monthly payments of $40,000 (effective 2024-03-14).
  - Action: entry
  - Agreement: settlement
  - Counterparty: HSKL, Inc.
  - Value: License grant and forbearance in exchange for $80,000 upfront and four monthly payments of $40,000
  - Effective: 2024-03-14
  source text: Effective March 20, 2024 we entered into a License Agreement, dated as of March 14, 2024, by and between cbdMD, Inc. and HSKL, Inc. (the “License Agreement”) and Lease Forbearance Agreement, dated as of March 14, 2024, by and between cbdMD, Inc. and HSKL, Inc. (the “Forbearance Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774924008153/0001437749-24-008153-index.htm

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