cbdMD, Inc. (YCBD) Form 8-K — May 20, 2026
$YCBDForm 8-KItems 1.01, 2.03, 9.01Filed May 20, 2026, 5:16 PM ET0001437749-26-017970Original filing
cbdMD, Inc. entered into a Third Amendment to its warehouse and executive office lease in Charlotte, NC, reducing its occupied space from 80,000 to 40,000 square feet. The amendment extends the lease term by 62 months, with a new expiration date of November 30, 2031, and includes a two-month rent abatement period starting October 1, 2026. The company expects the lease reduction to lower its gross rent expense by approximately $450,000 per year.
Key figures
- New square footage
- 40000
- Lease expiration date
- 2031-11-30
- Initial monthly base rent
- 38000
- Final annual base rent psf
- 13.87
- Annual gross rent reduction
- 450000
- Lease term extension months
- 62
- Relinquished square footage
- 40000
- Initial annual base rent psf
- 11.4
- Annual net rent reduction low
- 100000
- Annual net rent reduction high
- 120000
Price after filing
1 day: +4.1%7 days: +2.3%30 days: -3.7%
Close on the filing date to close N calendar days later (from $0.75). Historical, not a forecast.
AI analysis
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