cbdMD Announces Cancellation of Special Meeting


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cbdMD Announces Cancellation of Special Meeting
cbdMD Announces Cancellation of Special Meeting

Charlotte, North Carolina–(Newsfile Corp. – October 25, 2023) – cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBD-PA) introduced that it’ll not proceed with the vote scheduled for October 26, 2023 in search of the approval for the automated conversion of its Sequence A Most popular Inventory. The particular assembly scheduled for that date has been cancelled. Whereas the Firm believes changing the Sequence A Most popular Inventory is paramount to future development and alternatives, it was unable to acquire ample “FOR” proxies to satisfy the upper threshold vote requirement underneath the Sequence A Most popular Inventory Certificates of Designation.

Administration continues to concentrate on the enterprise and consider strategic alternate options whereas it really works on a subsequent proposal.

About cbdMD:

cbdMD, Inc. is likely one of the main and most extremely trusted and acknowledged hemp-derived cannabidiol (CBD) manufacturers with a complete line of U.S. produced, THC-free1 CBD merchandise in addition to Full Spectrum and Delta 9 THC merchandise. The cbdMD model at present consists of high-quality, premium CBD merchandise together with tinctures, gummies, topicals, capsules, sleep aids and extra. The Firm’s Paw CBD model consists of formulated pet merchandise together with tinctures, chews and topicals in various strengths. To study extra about cbdMD and the entire line of merchandise, please go to www.cbdmd.com, observe cbdMD on Instagram and Facebook or go to one of many 1000’s of stores that carry cbdMD merchandise.

Ahead-Trying Statements:

This press launch comprises sure forward-looking statements which might be based mostly upon present expectations and contain sure dangers and uncertainties throughout the that means of the U.S. Personal Securities Litigation Reform Act of 1995. Such forward-looking statements may be recognized utilizing phrases equivalent to “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” These forward-looking statements are usually not ensures of future efficiency and are topic to dangers, uncertainties, and different elements, a few of that are past our management and troublesome to foretell. You’re urged to rigorously evaluation and take into account any cautionary statements, and different disclosures, together with the statements made underneath the heading “Risk Factors” in cbdMD, Inc.’s Annual Report on Kind 10-Ok for the fiscal 12 months ended September 30, 2022 as filed with the Securities and Alternate Fee (the “SEC”) and our different filings with the SEC. All forward-looking statements contain important dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements, lots of that are typically exterior the management of cbdMD, Inc. and are troublesome to foretell. cbdMD, Inc. doesn’t undertake any responsibility to replace any forward-looking statements besides as could also be required by regulation. The data which seems on cbdMD’s web sites and cbdMD’s social media platforms, together with, however not restricted to, Instagram and Fb, just isn’t a part of this press launch.

1 THC-free is outlined as under the extent of detection utilizing validated scientific analytical instruments.

Contact Data:
cbdMD, Inc.
Ronan Kennedy, Interim CEO & CFO
+1 (704) 445-3064
[email protected]

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/185258


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