cbdMD extends warehouse lease through 2031, cuts footprint and annual rent by ~$450k

cbdMD, Inc.

Third Amendment to Lease extends term 62 months to Nov 30, 2031 for 40,000 sq ft (down from 80,000).
Monthly base rent starts at $38,000 ($11.40 PSF) with annual increases to $46,233 ($13.87 PSF).
Base rent abated Oct–Nov 2026; additional abatement if wall construction not completed by Dec 31, 2026.
Annual gross rent expense reduction of ~$450,000; net reduction of ~$100,000–$120,000 after sublet rent.
Management states reduced footprint aligns with current and long-term needs and lowers operating expenses.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

cbdMD, Inc. amended Third Amendment to Lease (effective 2026-05-20).

Action: amendment
Agreement: lease
Effective: 2026-05-20

Exact text from the filing

Effective May 20, 2026, cbdMD, Inc. (the “Company”) entered into a Third Amendment to Lease (the “Amendment”) to extend the Warehouse Lease entered into on August 27, 2019, as amended (the “Lease”)

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cbdMD, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-017970

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