M&A
confidence high
sentiment neutral
materiality 0.60
cbdMD buys Bluebird Botanicals CBD e-commerce assets for 425k shares plus 525k earnout
cbdMD, Inc.
- Acquired substantially all assets of Gaia Botanicals d/b/a Bluebird Botanicals: brand, domain, trademarks, inventory.
- Consideration: 425,000 restricted common shares issued at closing; up to 525,000 earnout shares based on first-year Net Revenues.
- Shares issued under Section 4(a)(2) exemption; 180-day lockup with limited dribble-out provisions.
- Bluebird operates online CBD marketplace (bluebirdbotanicals.com) selling gummies, oils, soft gels, creams, and pet products.
- cbdMD assumed certain liabilities; includes repayment of a $200,000 member loan prior to closing.