{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-027959","form_type":"8-K","ticker":"YCBD","cik":"0001644903","company_name":"cbdMD, Inc.","filed_at":"2024-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.934538+00:00","generated_at":"2026-05-31T06:59:38.508230+00:00","sec_items":["1.01","3.02"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"cbdMD acquires 'CBD MD' trademark from Majik Medicine for cash/stock; settles litigation","bullets":["Paid $100k cash on closing; will pay $50k annually for 4 years ($300k total) and issued 75k shares of common stock (50k more in year 2).","Entered 5-year consulting agreement with Majik; 15% commission on net sales increase from new wholesale customer base of licensed practitioners.","Amendment to existing convertible notes and security agreement allows pledge of new trademark as permitted lien and payments as permitted indebtedness.","Majik appointed board member William Raines III as proxy for the initial shares for 12 months.","Company expects mark enhances IP portfolio and removes TTAB procedural impediments, avoiding continued litigation."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-027959","json":"https://secwatch.observer/filing/0001437749-24-027959.json","markdown":"https://secwatch.observer/filing/0001437749-24-027959.md","text":"https://secwatch.observer/filing/0001437749-24-027959.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644903/000143774924027959/0001437749-24-027959-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644903/000143774924027959/ycbd20240823_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:59:38.508230+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}