<SEC-DOCUMENT>0001654954-21-007540.txt : 20210702
<SEC-HEADER>0001654954-21-007540.hdr.sgml : 20210702
<ACCEPTANCE-DATETIME>20210701194054
ACCESSION NUMBER:		0001654954-21-007540
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210701
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210702
DATE AS OF CHANGE:		20210701

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:		211067654

	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>cbdmd_8k.htm
<DESCRIPTION>FORM 8-K
<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</font></div>
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Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Date of Report (Date of earliest event reported)</font>
<font style="text-decoration: underline">July 1,
2021</font></font></div>
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cbdMD, INC.</font></div>
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(Exact Name of Registrant as Specified in 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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(Commission File Number)</font></div>
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(I.R.S. Employer Identification No.)</font></div>
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8845 Red Oak Boulevard, 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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not applicable</font></div>
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(Former Name or Former Address, if Changed Since Last
Report)</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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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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Indicate by check mark whether the registrant is an emerging growth
company as defined in in Rule 405 of the Securities Act of 1933 (17
CFR &#xA7;230.405</font>) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR &#xA7;240.12b-2)<font style="color: #000000">.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Emerging
growth company &#x2611;</font></div>
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<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&#xA0;3(a) of the Exchange
Act.&#xA0;&#x2610;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Securities
registered pursuant to Section 12(b) of the Act:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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Title of each class</font></div>
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Trading Symbol(s)</font></div>
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Name of each exchange on which registered</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Common
stock</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">YCBD</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">NYSE
American</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">8.0%
Series A Cumulative Convertible Preferred Stock</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">YCBDpA</font></div>
</td>
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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">NYSE
American</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;">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item&#xA0;8.01&#xA0;&#xA0;&#xA0;<br></font></div>
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<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">
Other Events.</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="color: #000000; font-family: Times New Roman; font-size: 13px">
On July 1, 2021, cbdMD, Inc. issued a press release announcing the
closing of its previously announced firm commitment underwriting
public offering. A copy of the press release is furnished hereto as
Exhibit 99.1 and is incorporated</font> <font style="color: #000000; font-family: Times New Roman; font-size: 13px">herein
by reference.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item&#xA0;9.01</font></div>
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Financial Statements and Exhibits.</font></div>
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Incorporated&#xA0;by&#xA0;Reference</font></div>
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Filed&#xA0;or</font></div>
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Furnished</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Herewith</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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No.</font></div>
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Exhibit&#xA0;Description</font></div>
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Form</font></div>
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Date Filed</font></div>
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Number</font></div>
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<td style="vertical-align: top; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="cbdmd_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</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">Press
release dated July 1, 2021</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Furnished</font></div>
</td>
</tr></table>
</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-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#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 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>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</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">cbdMD,
INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 53%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 53%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
July 1, 2021</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: top; width: 41%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">/s/ T.
Ronan Kennedy</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 53%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 6%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">T.
Ronan Kennedy, Chief Financial Officer and Chief Operating
Officer</font></div>
</td>
</tr></table>
</div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>cbdmd_ex991.htm
<DESCRIPTION>PRESS RELEASE DATED JULY 1, 2021
<TEXT>
<html>
<head>
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<title>cbdmd_ex991</title>
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<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: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: right"><font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div><font>&#xA0;</font></div>
<img src="cbdmd_ex991000.jpg"></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="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
cbdMD, Inc. Announces Closing of Underwritten Public Offering
of</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
8.0% Series A Cumulative Convertible Preferred Stock and Full
Exercise of Underwriter&#x2019;s Over-allotment Option for Total
Gross Proceeds of $16.5 Million</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, July 1, 2021 (BUSINESS NEWSWIRE) &#x2013; cbdMD, Inc.
(NYSE American: YCBD, YCBDpA), today announced the closing of its
previously announced underwritten public offering</font>
<font style="color: #001E20">for total gross proceeds of
$16,500,000, before deducting underwriting discounts, commissions,
and other offering expenses payable by the company. cbdMD, Inc.
sold an aggregate of 2,200,000 shares of its 8.0% Series A
Cumulative Convertible Preferred Stock, which includes 286,900
shares sold upon full exercise of the over-allotment option, at a
purchase price of $7.50 per share in this offering.</font>
<font style="color: #000000">cbdMD, Inc. intends to use the net
proceeds from the offering for working capital.</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="color: #000000; font-family: Times New Roman; font-size: 13px">
ThinkEquity, a division of Fordham Financial Management, Inc.,
acted as representative of the underwriters in the
offering.</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">Copies
of the final prospectus supplement and accompanying prospectus
related to the offering <font style="color: #000000">may be
obtained from ThinkEquity, a division of Fordham Financial
Management, Inc., 17 State Street, 22</font><font style="font-size: 70%; vertical-align: top; color: #000000">nd</font>
<font style="color: #000000">Floor, New York, New York 10004, by
telephone at (877) 436-3673, by email at</font> <font style="text-decoration: underline; color: #0000FF">prospectus@think-equity.com</font><font style="color: #000000">.
Electronic copies of the final prospectus supplement and
accompanying prospectus will also be available on the SEC&#x2019;s
website at</font> <font style="text-decoration: underline; color: #0000FF">http://www.sec.gov</font><font style="color: #000000">.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or
jurisdiction.</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-weight: bold; font-family: Times New Roman; font-size: 13px">
About 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"><font style="color: #1D2228">
cbdMD, Inc. is one of the leading and most highly trusted and most
recognized cannabidiol (CBD) brands with a comprehensive line of
U.S. produced, THC-free</font><font style="font-size: 70%; vertical-align: top; color: #1D2228">1</font><font style="color: #1D2228">CBD
products. Our cbdMD brand currently includes over 130 SKUs of
high-grade, premium CBD products including CBD tinctures, CBD
gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD bath
salts, CBD sleep aids and CBD drink mixes.
Our&#xA0;</font><font style="font-style: italic; color: #1D2228">Paw CBD</font><font style="color: #1D2228">&#xA0;brand of pet products includes over 49 SKUs
of veterinarian-formulated products including tinctures, chews,
topicals products in varying strengths, and our CBD Botanicals
brand of beauty and skincare products features 15 SKUs, including
facial oil and serum, toners, moisturizers, clear skin, facial
masks, exfoliants and body care. To learn more about cbdMD and
their comprehensive line of U.S. grown, THC-free</font><font style="font-size: 70%; vertical-align: top; color: #1D2228">1</font><font style="color: #1D2228">&#xA0;CBD
oil products, please visit&#xA0;</font><font style="text-decoration: underline; color: #003ABC">www.cbdmd.com</font><font style="color: #1D2228">,
follow cbdMD on Instagram and Facebook, or visit one of the 6,000
retail outlets that carry cbdMD products.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#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="font-size: 70%; vertical-align: top; color: #1D2228">
1</font><font style="color: #1D2228">&#xA0;THC-free is defined as
below the level of detection using validated scientific analytical
methods.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#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: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Safe Harbor / Forward-Looking Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
This press release contains &#x201C;forward-looking
statements&#x201D; within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding the public offering and the
intended use of proceeds from the offering. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, including market conditions,
risks associated with the cash requirements of our business and
other risks detailed from time to time in our filings with the
Securities and Exchange Commission, and represent our views only as
of the date they are made and should not be relied upon as
representing our views as of any subsequent date. We do not assume
any obligation to update any forward-looking
statements.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; 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-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Company Contact:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
John Weston</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Director of Investor Relations</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; color: #0081F2; font-family: Times New Roman; font-size: 13px">
john.weston@cbdmd.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; 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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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
