cbdMD reduces convertible note debt to $56K; issued 609K shares; Q1 cash ~$2.1M

cbdMD, Inc.

Convertible note principal reduced to ~$56,000 as holders converted ~$309,000 principal plus accrued interest.
Issued 609,717 common shares in January 2025 to satisfy conversion requests.
Total outstanding common shares now 6,152,841 as of Jan 8, 2025.
CEO reports fiscal Q1 end cash and cash equivalents of approximately $2.1 million.
Company frames debt reduction and cash position as improving balance sheet and liquidity.

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