<SEC-DOCUMENT>0001654954-19-012775.txt : 20191113
<SEC-HEADER>0001654954-19-012775.hdr.sgml : 20191113
<ACCEPTANCE-DATETIME>20191113080017
ACCESSION NUMBER:		0001654954-19-012775
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20191111
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191113
DATE AS OF CHANGE:		20191113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			cbdMD, Inc.
		CENTRAL INDEX KEY:			0001644903
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		IRS NUMBER:				473414576
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38299
		FILM NUMBER:		191211710

	BUSINESS ADDRESS:	
		STREET 1:		8845 RED OAK BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28217
		BUSINESS PHONE:		704-445-3060

	MAIL ADDRESS:	
		STREET 1:		8845 RED OAK BOULEVARD
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28217

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Level Brands, Inc.
		DATE OF NAME CHANGE:	20170202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEVEL BEAUTY GROUP, INC.
		DATE OF NAME CHANGE:	20150611
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ycbd_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, DC 20549</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934</font></div>
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Date of Report (Date of earliest event reported)</font>
<font style="text-decoration: underline">November 11,
2019</font></font></div>
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cbdMD, INC.</font></div>
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(Exact name of registrant as specified in its charter)</font></div>
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North Carolina</font></div>
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001-38299</font></div>
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47-3414576</font></div>
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(I.R.S. Employer Identification No.)</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
8845 Red Oak Blvd, Charlotte, NC 28217</font></div>
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(Address of principal executive offices)(Zip Code)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Registrant's
telephone number, including area code<font style="font-variant: small-caps">:</font> <font style="font-weight: bold">(704) 445-3060</font></font></div>
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_______________________________________</font></div>
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simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):</font></div>
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<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</font></div>
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<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
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<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</font></div>
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<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Securities
registered pursuant to Section 12(b) of the Act:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Title of each class</font></div>
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<td style="vertical-align: top; width: 25%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Trading Symbol(s)</font></div>
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Name of each exchange on which registered</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">common</font></div>
</td>
<td style="vertical-align: top; width: 25%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">YCBD</font></div>
</td>
<td style="vertical-align: top; width: 37%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NYSE
American</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 37%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">8%
Series A Cumulative Convertible Preferred Stock</font></div>
</td>
<td style="vertical-align: top; width: 25%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">YCBD PR
A</font></div>
</td>
<td style="vertical-align: top; width: 37%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NYSE
American</font></div>
</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Indicate by check mark whether the registrant is an emerging growth
company as defined in in Rule 405 of the Securities Act of 1933
(</font>&#xA7;230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this
chapter)<font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Emerging
growth company &#x2611;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act.&#xA0;&#x2610;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font>&#xA0;<br></font></div>
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<div style="display: table-cell; width: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
7.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Regulation
FD Disclosure.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">On
November 11, 2019 cbdMD, Inc. issued a press release announcing its
preliminary net revenues for the fourth quarter of fiscal 2019. A
copy of this press release is furnished as Exhibit 99.1 to this
report.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">On
November 13, 2019 cbdMD, Inc. issued a press release announcing
results of a survey by Brightfield Group where cbdMD was ranked
highest in overall customer satisfaction as well as highest unaided
customer awareness amongst the top 20 brands in the CBD Industry. A
copy of this press release is furnished as Exhibit 99.2 to this
report.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to General
Instruction B.2 of Form 8-K, the information in this Item 7.01 of
Form 8-K, including Exhibits 99.1 and 99.2, are being furnished and
shall not be deemed &#x201C;filed&#x201D; for the purposes of Section
18 of the Securities Exchange Act of 1934 or otherwise be subject
to the liabilities of that section, nor is it incorporated by
reference into any filing of cbdMD, Inc. under the Securities Act
of 1933 or the Securities Exchange Act of 1934, whether made before
or after the date hereof, regardless of any general incorporation
language in such filing.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="display: table-cell; width: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
9.01&#xA0;&#xA0;&#xA0;&#xA0;<br></font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Financial
Statements and Exhibits.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Exhibits</font>.</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ycbd_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Press
release dated November 11, 2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ycbd_ex992.htm"><font style="font-family: Times New Roman; font-size: 13px">99.2</font></a></div>
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<font style="font-family: Times New Roman; font-size: 13px">Press
release dated November 13, 2019</font></div>
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SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</font></div>
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<div><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">CBDMD, INC.<br></font></font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Date: November 11,
2019<br></font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-family: Times New Roman; font-size: 13px">Mark S.
Elliott</font></font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Chief Financial
Officer and Chief Operating Officer</font></font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ycbd_ex991.htm
<DESCRIPTION>PRESS RELEASE DATED NOVEMBER 11, 2019
<TEXT>
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<head>
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Exhibit 99.1</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">cbdMD
Announces Preliminary Fourth Quarter Record Net Sales</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Charlotte, NC, November 11, 2019 (Business Newswire) --</font>
<font style="color: #000000; background-color: #FFFFFF">cbdMD, Inc.
(NYSE American: YCBD, YCBD.PR.A), a nationally recognized consumer
cannabidiol (CBD) brand, announced today</font> preliminary
unaudited net sales for the fourth quarter of fiscal 2019 which
<font style="color: #000000; background-color: #FFFFFF">ended
September 30, 2019.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">
&#x201C;cbdMD&#x2019;s unaudited net sales were $9.5 million for our
last quarter of fiscal 2019, which was an increase of over 67% from
our March 2019 quarter, which was our brand&#x2019;s first full
publicly reported fiscal quarter following the closing of the
acquisition of the brand in December 2018. Our December 2019
quarter has begun with a very strong start as well. We are</font>
<font style="color: #000000">very optimistic that our fiscal 2020
results will be another record growth year for
cbdMD</font><font style="color: #000000; background-color: #FFFFFF">&#x201D;,</font>
<font style="color: #000000">said Martin Sumichrast, Chairman and
co-CEO of cbdMD, Inc.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Note About Preliminary Results</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
quarterly net sales results presented in this release are not based
upon our audited financial consolidated statements which will
appear in our Annual Report on Form 10-K for the fiscal year ended
September 30, 2019 are preliminary and may change. The preliminary
financial information includes calculation or figures that have
been prepared internally by management and have not been reviewed
or audited by our independent registered public accounting firm.
There can be no assurance that cbdMD&#x2019;s actual results for the
period presented herein will not differ from the preliminary
financial data presented herein and such changes could be material.
This preliminary financial data should not be viewed as a
substitute for full financial statements prepared in accordance
with GAAP and is not necessarily indicative of the results to be
achieved for any future period. Our audited financial statements
for the fiscal year ended September 30, 2019, including our
unaudited fourth quarter 2019 financial statements, will be
contained in our Annual Report on Form 10-K to be filed with the
Securities and Exchange Commission on or before December 30,
2019.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">About
cbdMD</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">cbdMD,
Inc. is a nationally recognized consumer cannabidiol (CBD) brand
whose current products include CBD tinctures, CBD gummies, CBD
topicals, CBD bath bombs, and CBD pet products. cbdMD is also the
proud partner with the BIG3 Basketball League, Barstool Sports,
Bellator MMA, Life Time, Inc. and Nitro Circus. cbdMD has one of
the largest rosters of professional sports athletes who are part of
&#x201C;Team cbdMD.&#x201D; To learn more about cbdMD and our
comprehensive line of over 100 SKUs of U.S. produced, THC-free CBD
products, please visit:<font style="text-decoration: underline; color: #0081F2">www.cbdmd.com</font>&#xA0;or
follow cbdMD on<font style="text-decoration: underline; color: #0081F2">&#xA0;Instagram</font>&#xA0;and<font style="text-decoration: underline; color: #0081F2">&#xA0;Facebook</font>&#xA0;or
visit one of the 3,000 retail outlets that carry cbdMD
products.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Forward-Looking
Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
press release contains certain forward-looking statements that are
based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking statements can
be identified by the use of words such as ''should,'' ''may,''
''intends,'' ''anticipates,'' ''believes,'' ''estimates,''
''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and
''proposes.'' These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties, and
other factors, including, but not limited our ability to,
statements regarding our preliminary unaudited fourth quarter 2019
net sales, some of which are beyond our control and difficult to
predict and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements.
You are urged to carefully review and consider any cautionary
statements and other disclosures, including the statements made
under the heading "Risk Factors" in cbdMD, Inc.'s Annual Report on
Form 10-K for the fiscal year ended September 30, 2018, as filed
with the Securities and Exchange Commission (the "SEC") on December
12, 2018, our Quarterly Report on Form 10-Q for the period ended
March 31, 2019, as filed with the SEC on May 15, 2019, our
Quarterly Report on Form 10-Q for the period ended June 30, 2019 as
filed with the SEC on August 14, 2019 and our other filings with
the SEC. All forward-looking statements involve significant risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements, many of
which are generally outside the control of cbdMD, Inc. and are
difficult to predict. cbdMD, Inc. does not undertake any duty to
update any forward-looking statements except as may be required by
law. The information which appears on our websites and our social
media platforms, including, but not limited to, Instagram and
Facebook, is not part of this press release.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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Contact:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">cbdMD
PR&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0081F2; font-size: 13px; font-family: Times New Roman">
PR@cbdMD.com&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1 (800)
973-3984&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Investors:&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">John
Weston&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0081F2; font-size: 13px; font-family: Times New Roman">
john.weston@cbdmd.com&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">704-249-9515</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ycbd_ex992.htm
<DESCRIPTION>PRESS RELEASE DATED NOVEMBER 12, 2019
<TEXT>
<html>
<head>
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<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 99.2</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Newly
Released Brightfield Group Study Ranks cbdMD Highest in Terms of
Overall Customer Satisfaction</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">As Well
As Highest Unaided Customer Awareness Amongst the Top 20 Brands in
the CBD Industry</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">cbdMD
Also Ranks Highest in &#x201C;Share of Voice&#x201D; by Leading Media
Intelligence Firm</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Charlotte, NC, November 13, 2019 (Business Newswire)</font> --
<font style="background-color: #FFFFFF">cbdMD, Inc. (NYSE American:
YCBD, YCBD.PR.A), a nationally recognized consumer cannabidiol
(CBD) brand, announced today that in tandem with its strong
sequential sales growth recently reported, the company has also
been ranked the highest in several key categories within the CBD
industry.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: #FFFFFF">
&#x201C;We are excited to announce that according to the Brightfield
Group, one of the leading predictive analytics and market research
firms for the legal CBD industry, in a newly released</font> survey
conducted by <font style="background-color: #FFFFFF">Brightfield</font> of more than 3,500
CBD users, cbdMD ranked the highest in terms of overall consumer
satisfaction as well as the highest in unaided consumer awareness
of any of the top 20 CBD brands. In addition, according to media
intelligence and monitoring company Meltwater<font style="background-color: #FFFFFF">, cbdMD</font> had the highest
&#x201C;share of voice&#x201D; throughout the entire CBD Industry,
for the three months ended September 30, 2019.&#x201D; said Martin
Sumichrast, Chairman and co-CEO of cbdMD, Inc.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;We
believe that this clearly shows that our brand building and
marketing efforts are leading the CBD industry. This data should
accelerate our push into retail as more and more retailers are
getting onboard with our brand. Our goal has always been to have
the leading brand in the space, with the best products and industry
leading customer service. I believe that we are delivering on that
promise everyday&#x201D;, <font style="color: #000000">continued Mr.
Sumichrast.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">About
cbdMD</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">cbdMD,
Inc. is a nationally recognized consumer cannabidiol (CBD) brand
whose current products include CBD tinctures, CBD gummies, CBD
topicals, CBD bath bombs, and CBD pet products. cbdMD is also the
proud partner with the BIG3 Basketball League, Barstool Sports,
Bellator MMA, Life Time, Inc. and Nitro Circus. cbdMD has one of
the largest rosters of professional sports athletes who are part of
&#x201C;Team cbdMD.&#x201D; To learn more about cbdMD and our
comprehensive line of over 100 SKUs of U.S. produced, THC-free CBD
products, please visit:<font style="text-decoration: underline; color: #0081F2">www.cbdmd.com</font>&#xA0;or
follow cbdMD on<font style="text-decoration: underline; color: #0081F2">&#xA0;Instagram</font>&#xA0;and<font style="text-decoration: underline; color: #0081F2">&#xA0;Facebook</font>&#xA0;or
visit one of the 3,000 retail outlets that carry cbdMD
products.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Forward-Looking
Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
press release contains certain forward-looking statements that are
based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking statements can
be identified by the use of words such as ''should,'' ''may,''
''intends,'' ''anticipates,'' ''believes,'' ''estimates,''
''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and
''proposes.'' These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties, and
other factors, including, but not limited our ability to,
statements regarding our ability to continue to increase our
revenues, build brand awareness, expand our retail presence and
provide customer service to meet our goals, some of which are
beyond our control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements. You are urged to carefully review
and consider any cautionary statements and other disclosures,
including the statements made under the heading "Risk Factors" in
cbdMD, Inc.'s Annual Report on Form 10-K for the fiscal year ended
September 30, 2018, as filed with the Securities and Exchange
Commission (the "SEC") on December 12, 2018, our Quarterly Report
on Form 10-Q for the period ended March 31, 2019, as filed with the
SEC on May 15, 2019, our Quarterly Report on Form 10-Q for the
period ended June 30, 2019 as filed with the SEC on August 14, 2019
and our other filings with the SEC. All forward-looking statements
involve significant risks and uncertainties that could cause actual
results to differ materiallyfrom those in the forward-looking
statements, many of which are generally outside the control of
cbdMD, Inc. and are difficult to predict. cbdMD, Inc. does not
undertake any duty to update any forward-looking statements except
as may be required by law. The information which appears on our
websites and our social media platforms, including, but not limited
to, Instagram and Facebook, is not part of this press
release.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Contact:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">cbdMD
PR&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0081F2; font-size: 13px; font-family: Times New Roman">
PR@cbdMD.com&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1 (800)
973-3984&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Investors:&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">John
Weston&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0081F2; font-size: 13px; font-family: Times New Roman">
john.weston@cbdmd.com&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">704-249-9515</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
