secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001437749-24-027041
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD settles former lease with $255K payment, records $550K gain
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- Made $255,000 payment on Aug 15, 2024 to satisfy all past due lease amounts; mutual release executed.
- Anticipates $550,000 gain on settlement of accrued past due rent, interest, and penalties.
- $230,000 non-cash expense from elimination of right-of-use asset/liability partially offsets gain.
- No further obligations to landlord under former lease agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924027041/0001437749-24-027041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924027041/ycbd20240815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027041

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