<SEC-DOCUMENT>0001437749-24-004152.txt : 20240214
<SEC-HEADER>0001437749-24-004152.hdr.sgml : 20240214
<ACCEPTANCE-DATETIME>20240214160812
ACCESSION NUMBER:		0001437749-24-004152
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20240214
DATE AS OF CHANGE:		20240214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			cbdMD, Inc.
		CENTRAL INDEX KEY:			0001644903
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				473414576
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38299
		FILM NUMBER:		24638001

	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>DEFA14A
<SEQUENCE>1
<FILENAME>ycbd20240213_defa14a.htm
<DESCRIPTION>FORM DEFA14A
<TEXT>
<html><head>
	<title>ycbd20240213_defa14a.htm</title>

	<!-- Generated by ThunderDome Portal - 2/13/2024 5:47:57 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no">
</head>
<body style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; padding: 0in 0.1in; cursor: auto;">
<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;">&nbsp;</p>

<hr style="height: 3px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 0 0 3pt 0">
<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;"><b>SCHEDULE 14A INFORMATION</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Amendment No. )</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Filed by the Registrant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9746;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Filed by a party other than the Registrant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Check the appropriate box:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><font style="background-color:#ffffff;">&#9744;</font></p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Preliminary Proxy Statement</p>
			</td>
		</tr>
		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9744;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</p>
			</td>
		</tr>
		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9744;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Definitive Proxy Statement</p>
			</td>
		</tr>
		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9746;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Definitive Additional Materials</p>
			</td>
		</tr>
		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9744;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Soliciting Material Under Rule 14(a)(12)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div style="text-align: center;"><img alt="cbdmd01.jpg" src="cbdmd01.jpg"></div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>cbdMD, Inc.</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Name of Registrant as Specified in Its Charter)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b><u>Not Applicable</u></b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Payment of Filing Fee (Check all boxes that apply):</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9746;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">No fee required.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9744;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">Fee paid previously with preliminary materials</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 18pt;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">&#9744;</p>
			</td>
			<td style="width: auto;">
			<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<hr style="height: 3px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 0 0 3pt 0">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<div style="text-align: center;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td style="vertical-align: middle; width: 60%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
			<td style="vertical-align: middle; width: 20%; border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:right;margin:0pt;"><b>CONTROL ID:</b></p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 20%; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 60%;text-align: center;"><b>cbdMD, Inc.</b></td>
			<td style="vertical-align: middle; width: 20%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:right;margin:0pt;"><b>REQUEST ID:</b></p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 20%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="4" style="vertical-align: middle; width: 29%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS</b><br>
			for the Annual Meeting of Shareholders</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>DATE:</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 71%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;">Friday, March 29, 2024</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>TIME:</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 71%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;">1:00 p.m. Eastern time</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>LOCATION:</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 71%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;"><u>https://agm.issuerdirect.com/ycbd</u></p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>HOW TO REQUEST PAPER COPIES OF OUR MATERIALS</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%; border-left: 1px solid rgb(0, 0, 0);text-align: center;">
			<div style="text-align: center;"><img alt="a01.jpg" src="a01.jpg"></div>
			</td>
			<td style="vertical-align: middle; width: 15%;text-align: center;">
			<div style="text-align: center;"><img alt="a02.jpg" src="a02.jpg"></div>
			</td>
			<td style="vertical-align: middle; width: 27%;">
			<div style="text-align: center;"><img alt="a03.jpg" src="a03.jpg"></div>
			</td>
			<td style="vertical-align: middle; width: 43%; border-right: 1px solid rgb(0, 0, 0);">
			<div style="text-align: center;"><img alt="a04.jpg" src="a04.jpg"></div>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%; border-left: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>PHONE:</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">Call toll free<br>
			1-866-752-8683</p>
			</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>FAX:</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">Send this card to<br>
			202-521-3464</p>
			</td>
			<td style="vertical-align: middle; width: 27%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>INTERNET:</b>&nbsp;<br>
			<u><b>https://www.iproxydirect.com/ycbd</b><b> </b></u><br>
			and follow the on-screen instructions.</p>
			</td>
			<td style="vertical-align: middle; width: 43%; border-right: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>EMAIL:</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><font style="font-variant:small-caps;"><u>proxy@iproxydirect.com&nbsp;</u></font><br>
			<font style="font-variant:small-caps;">Include your Control ID in your email.</font></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:justify;margin:0pt 0pt 0pt 13pt;">This communication represents a notice to access a more complete set of proxy materials available to you on the Internet. We encourage you to access and review all of the important information contained in the proxy materials before voting. The proxy statement is available at: <u><b>https://www.iproxydirect.com/ycbd</b></u></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:justify;margin:0pt 0pt 0pt 13pt;">If you want to receive a paper copy of the proxy materials you must request one. There is no charge to you for requesting a copy. To facilitate timely delivery please make the request, as instructed above, before March 8, 2024.</p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt 0pt 0pt 6pt;">you may enter your voting instructions at <u><b>https://www.ipr</b><b>oxydirect.com/ycbd</b></u><br>
			until 11:59 pm eastern time March 28, 2024.</p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 1.9%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td style="vertical-align: top; width: 96.1%; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;">&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>The purposes of this meeting are as follows:</b>&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;">&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>1.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the election of four directors;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>2.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the ratification of the appointment of Cherry Bekaert LLP as our independent registered public accounting firm;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>3.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a non-binding advisory vote on the frequency of an advisory vote on executive compensation;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>4.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a non-binding advisory vote on executive compensation;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>5.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the approval and adoption of an amendment to the Company&#8217;s Certificate of Designation of Rights and Preferences of the 8% Series A Cumulative Convertible Preferred Stock to provide that each share of Series A Preferred Stock will be automatically converted into six shares of common stock upon the effective time of the amendment;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>6.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; to approve the issuance of shares of our common stock, representing more than 19.9% of our common stock outstanding as of January 30, 2024 upon the conversion of certain convertible notes issued by the Company pursuant to a Securities Purchase Agreement dated as of January 30, 2024, by and between the Company and certain institutional investors, in connection with a private placement in accordance with NYSE American Rule 713(a)(ii);</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>7.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; to consider and vote upon a proposal to adjourn the annual meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the annual meeting, there are not sufficient votes to approve any proposal; and</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>8.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any other business as my properly come before the meeting.</p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 2.2%; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">Pursuant to Securities and Exchange Commission rules, you are receiving this Notice that the proxy materials for the Annual Meeting are available on the Internet. Follow the instructions above to view the materials and vote or request printed copies.<i>&nbsp;</i></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">The board of directors has fixed the close of business on January 30, 2024 as the record date for the determination of shareholders entitled to receive notice of the Annual Meeting and to vote the shares of our common stock, par value $.001 per share, they held on that date at the meeting or any postponement or adjournment of the meeting.</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>The Board of Directors recommends that you vote </b>&#8216;<b>for</b>&#8217;<b>&nbsp;all proposals above.</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>Please note - This is not a Proxy Card - you cannot vote by returning this card</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align: top; width: 80%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;"><b>cbdMD, Inc.</b></p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;">SHAREHOLDER SERVICES</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;">1 Glenwood Avenue Suite 1001</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;">Raleigh NC 27603</p>
			</td>
			<td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: middle; width: 20%;">
			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">FIRST-CLASS MAIL</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">US POSTAGE</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;"><b>PAID</b></p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">RALEIGH NC</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">PERMIT # 870</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">&nbsp;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; font-variant: normal; text-align: center; margin: 0pt;"><b>TIME SENSITIVE SHAREHOLDER INFORMATION ENCLOSED</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 22pt; font-variant: normal; text-align: center; margin: 0pt;"><b>IMPORTANT SHAREHOLDER INFORMATION</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 22pt; font-variant: normal; text-align: center; margin: 0pt;"><b>YOUR VOTE IS IMPORTANT</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>
</div>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<div style="text-align: center;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td style="vertical-align: middle; width: 60%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
			<td style="vertical-align: middle; width: 20%; border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:right;margin:0pt;"><b>CONTROL ID:</b></p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 20%; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 60%;text-align: center;"><b>cbdMD, Inc.</b></td>
			<td style="vertical-align: middle; width: 20%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:right;margin:0pt;"><b>REQUEST ID:</b></p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 20%; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="4" style="vertical-align: middle; width: 29%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS</b><br>
			for the Annual Meeting of Shareholders</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>DATE:</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 71%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;">Friday, march 29, 2024</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>TIME:</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 71%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;">1:00 p.m. Eastern time</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%;">&nbsp;</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt; text-align: left;"><b>LOCATION:</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 71%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;"><u>https://agm.issuerdirect.com/ycbd</u></p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>HOW TO REQUEST PAPER COPIES OF OUR MATERIALS</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%; border-left: 1px solid rgb(0, 0, 0);">
			<p style="text-align:center;font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><img alt="a01.jpg" src="a01.jpg"></p>
			</td>
			<td style="vertical-align: middle; width: 15%;">
			<div style="text-align: center;"><img alt="a02.jpg" src="a02.jpg"></div>
			</td>
			<td style="vertical-align: middle; width: 27%;">
			<div style="text-align: center;"><img alt="a03.jpg" src="a03.jpg"></div>
			</td>
			<td style="vertical-align: middle; width: 43%; border-right: 1px solid rgb(0, 0, 0);">
			<div style="text-align: center;"><img alt="a04.jpg" src="a04.jpg"></div>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: middle; width: 14%; border-left: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>PHONE:</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">Call toll free<br>
			1-866-752-8683</p>
			</td>
			<td style="vertical-align: middle; width: 15%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>FAX:</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">Send this card to<br>
			202-521-3464</p>
			</td>
			<td style="vertical-align: middle; width: 27%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>INTERNET:</b>&nbsp;<br>
			<u><b>https://www.iproxydirect.com/ycbd.</b><b>pa</b></u><b>&nbsp;&nbsp;&nbsp;</b><br>
			and follow the on-screen instructions.</p>
			</td>
			<td style="vertical-align: middle; width: 43%; border-right: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>EMAIL:</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><font style="font-variant:small-caps;"><u>proxy@iproxydirect.com&nbsp;</u></font><br>
			<font style="font-variant:small-caps;">Include your Control ID in your email.</font></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:justify;margin:0pt 0pt 0pt 13pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:justify;margin:0pt 0pt 0pt 13pt;">This communication represents a notice to access a more complete set of proxy materials available to you on the Internet. We encourage you to access and review all of the important information contained in the proxy materials before voting. The proxy statement is available at: <u><b>https://www.iproxydirect.com/ycbd.pa</b></u><b>&nbsp;&nbsp;&nbsp;</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:justify;margin:0pt 0pt 0pt 13pt;">If you want to receive a paper copy of the proxy materials you must request one. There is no charge to you for requesting a copy. To facilitate timely delivery please make the request, as instructed above, before March 8, 2024.</p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 56%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt 0pt 0pt 6pt;">you may enter your voting instructions at <u><b>https://www.ipr</b><b>oxydirect.com/ycbd.pa</b></u><b>&nbsp;&nbsp;</b>&nbsp;<br>
			until 11:59 pm eastern time March 28, 2024.</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td style="vertical-align: middle; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td style="vertical-align: middle; width: 96%; border-top: 1px solid rgb(0, 0, 0);">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 3pt; text-align: left;">&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 3pt; text-align: left;"><b>The purposes of this meeting are as follows:</b>&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 3pt; text-align: left;">&nbsp;</p>
			</td>
			<td colspan="2" style="vertical-align: middle; width: 2%; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td style="vertical-align: top; width: 96%; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>1.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-variant:small-caps;">&nbsp;&nbsp; PURSUANT TO PROPOSAL 5 IN THE PROXY STATEMENT, THE APPROVAL AND ADOPTION OF AN AMENDMENT TO THE COMPANY&#8217;S CERTIFICATE OF DESIGNATION FOR THE SERIES A PREFERRED STOCK TO PROVIDE THAT EACH SHARE OF SERIES A PREFERRED STOCK WILL BE AUTOMATICALLY CONVERTED INTO SIX SHARES OF COMMON STOCK UPON THE EFFECTIVE TIME OF THE AMENDMENT;</font></p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>2.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to Proposal 7 in the proxy statement, to consider and vote upon a proposal to adjourn the annual meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the annual meeting, there are not sufficient votes to approve proposal 5 in the proxy statement (Proposal 1 on this proxy notice); and</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: small-caps; margin: 0pt 0pt 0pt 54pt; text-indent: -27pt; text-align: left;"><b>3.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any other business as my properly come before the meeting.</p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

<p style="margin: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="4" style="vertical-align: top; width: 98%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">Pursuant to Securities and Exchange Commission rules, you are receiving this Notice that the proxy materials for the Annual Meeting are available on the Internet. Follow the instructions above to view the materials and vote or request printed copies.</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">The board of directors has fixed the close of business on January 30, 2024 as the record date for the determination of shareholders entitled to receive notice of the Annual Meeting and to vote the shares of our common stock and shares of 8% Series A Convertible Preferred Stock, they held on that date at the meeting or any postponement or adjournment of the meeting.</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 98%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>The Board of Directors recommends that you vote </b>&#8216;<b>for</b>&#8217;<b>&nbsp;all proposals above.</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 98%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align: top; width: 98%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt;"><b>Please note - This is not a Proxy Card - you cannot vote by returning this card</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:79.4%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;"><b>cbdMD, Inc.</b></p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;">SHAREHOLDER SERVICES</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;">1 Glenwood Avenue Suite 1001</p>

			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;">Raleigh NC 27603</p>
			</td>
			<td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: middle; width: 19.8%;">
			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">&nbsp;</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">FIRST-CLASS MAIL</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">US POSTAGE</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;"><b>PAID</b></p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">RALEIGH NC</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">PERMIT # 870</p>

			<p style="font-family: Times New Roman; font-size: 8pt; font-variant: normal; text-align: center; margin: 0pt;">&nbsp;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 12pt; font-variant: normal; text-align: center; margin: 0pt;"><b>TIME SENSITIVE SHAREHOLDER INFORMATION ENCLOSED</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 22pt; font-variant: normal; text-align: center; margin: 0pt;"><b>IMPORTANT SHAREHOLDER INFORMATION</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 22pt; font-variant: normal; text-align: center; margin: 0pt;"><b>YOUR VOTE IS IMPORTANT</b></p>
</div>

<div style="text-align: center;">
<div>&nbsp;</div>
</div>

<div class="LAST-PAGE-BREAK">
<div class="PGFTR">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>
</div>


</body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>a01.jpg
<TEXT>
begin 644 a01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  C ",# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#V36=?&G7$
M6GV5J]_JLZ[HK6-@N%Z%Y&/"(/7OT -4%U+Q!I.I:>-<.G2V=_-]GS:(ZFWE
M()098G>I(VYP.2*DTD+%X\\1QNH$LT5K,C$<E-K)^093^=,\>W-LOAY[/S"=
M1G=#8PQ\R/,K!E*@<X! R>@% '"_\+!U6UN7^UZO+&PG=-_]G)+9-AB $=2'
M(]^3UKN_#OC"+5I(K2\2*&[F4O!)#)O@N@/O&-L Y'=& 8?K7GEWIVNZ9,R2
M>=93S-(XL/+WV<W5BD6696.W)V,JD\X(-9=CM2]M%L'^SVFJL3"BL2+.^C^X
MR$\X)*X[E),'I0![]16=H6IC6=!L=2V[&N(5=D_NMCYA^!R** ,KQ.LFE7]E
MXG@C9ULU:"^1!DM;,02P'<HP#?3=4VM:6^IBSUO19H1JEJI:UE)S'/&V"T;$
M?P-@<CH0#70$ K@@$$<@UR?V/4?"$KOI=M)?Z$[%VL(_]=:$\DPY^\G?9U'\
M/I0!F:UKA\4VEOHVG6-S%K\<HG>&4A/L#1D$.Y((92>!C.X'ZUSS^&AI"QG5
M[?5].M[4K/#<VYCNH(9P%!F8@;P,(N5*[>M>F:5X@T?6=SV%[#),/E>,_+*G
MLRG##Z$55\4ZLUE8"PLU6;5M0!AM(.N21@NWHBCDGVQWH NZ%86^EZ'9V=K.
M9X8X\K,2#YF?FW<<<DYXHJ72M/32=(L].C8NEK D(9NK;0!G]** +E%%% &9
MJ?A[1]88/J&FVUQ(.DCQC>/HW4?G3=+\-Z1HLTDVGV2132*%:0LSMM';+$D#
+V%%% &K1110!_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>a02.jpg
<TEXT>
begin 644 a02.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  C ",# 2(  A$! Q$!_\0
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M(%E(3R02H#< $FMQ?!'AE?\ F"663U(B R: &-J_B149CX;ML*"3_P 3,?\
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?!_Z **U H50J@!0, #H** %HHHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>a03.jpg
<TEXT>
begin 644 a03.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  C ",# 2(  A$! Q$!_\0
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M#H.D-%&[Z+81R$ E?LZ':?3.* (_"P9?"6CA@0PLHL@CI\@HK7P** "BBB@
*HHHH **** /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>a04.jpg
<TEXT>
begin 644 a04.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  C "$# 2(  A$! Q$!_\0
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"_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>cbdmd01.jpg
<TEXT>
begin 644 cbdmd01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 B17AI9@  34T *@    @  0$2  ,
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MU]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$! 0$! 0
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M;_B?88'.,+C')8>:E;?R.IZ"AN34<=RL@[BG>>N!]:X>8]2.BN#E1+_M=^:
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M.W;+I^FND_B6:*3FXE'S1VH8=%7[S#N2H/>OSW5OE5E 5?X0!]WV_E6WX/\
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MP.05Z-"*C[K;5MWO=^9^>-G;W%[+#;V\;S75PZQ0(IPTCM@*H^I('XYK]/\
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M<R^ZDD$=P2*B_9/_ &6M+_9/^ ^C^"]%C+_8QYMY=,NV2^N7P99F]"S<X[
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ME/'W5K.MB*L_>G)MIZ-[ET\LPM)-4Z<8I[V25_4\8TK_ ()__"'0]3M[ZR\
M^%[>\LY$GMYEL@&BE0AE<<]0P!KUNWTUDF9C(S'L<=N]6XOXOK2_P45*U2H_
M?=S;#X.AATU1BDGV$5,$GVQ2X)-.%%9G2MBK/:,\NY9-I!SR*\GU?]@KX1>(
M-7N]0O/ /ANZOKV8W%Q<26@WRR,<EV/<DU[$:;'U;ZFM(5JL%^[DUZ>1R8C!
M4:W\6*EZG'^ /@UH?POT*VT?PYI]CH^B6GF[+"VAV0H78LQ ]R>:XBY_X)\?
M!J\NYIY/AUX7:29S*Y^QCECR3]2<DU[*O^M-!/-73Q5:#;A)KT>Y-3*\+./+
M.FFMU=)V]#QK_AWI\%@./AOX5_\  ,4Q?^">?P9AN1(OP[\*!EZ9L@<5[0.M
M/QG\ZUCC<2]74E\VSEED^!;LZ4=/)''>#O@7X5^'7_(!T'1=&;!4-9V21.%(
MZ;@,UO0Z%Y2K^\SCN!@GTR>_XUHGD4K<9KBJ5I2G[[N^_4[J>'I4XW@K+LM!
7JQ_-G;WS3MA_O&FIT7ZU)3.B.UT?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
