secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001437749-24-008153
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD enters forbearance on sublease default, moves executive offices
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924008153/0001437749-24-008153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924008153/ycbd20240315_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-008153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer