cbdMD fully converts remaining $56K senior secured notes to equity, now debt-free

cbdMD, Inc.

Remaining $56,000 Senior Secured Convertible Notes converted to common stock on Jan 14, 2025.
Company now debt-free excluding accounts payable; strengthened cash reserves and balance sheet.
Shares outstanding post-conversion: 6,262,833 common stock as of Jan 14, 2025.
CEO Ronan Kennedy cites enhanced flexibility to allocate capital for profitable revenue growth.
Notes converted ahead of maturity, eliminating debt and improving financial position.

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