other material
confidence high
sentiment positive
materiality 0.65
cbdMD settles former office lease, expects ~$780K in total gains
cbdMD, Inc.
- Paid $255K to satisfy all past due obligations under former lease; mutual release executed.
- Anticipates ~$550K gain on settlement of accrued rent, interest, and penalties.
- Additional ~$230K non-cash gain from termination of original lease (corrected from prior error).
- Company has no further obligations to landlord under any agreements.