cbdMD Inc. Raises $1.7 Million in Series B Preferred Private Placement to Support Growth Initiatives

Reuters10-02
cbdMD Inc. Raises $1.7 Million in Series B Preferred Private Placement to Support Growth Initiatives

cbdMD, Inc. (NYSE American: YCBD), a leading wellness company and parent to brands such as Herbal Oasis THC seltzers, ATRx functional mushroom supplements, and Paw CBD, has announced the closing of a $1.7 million Series B Convertible Preferred Stock private placement with institutional investors including C/M Capital Master Fund, LP. The company plans to use the net proceeds of $1.5 million to support working capital, general corporate purposes, and ongoing strategic initiatives. The Series B shares carry a 10% annual dividend and are convertible into common stock at an initial price of $1.00 per share. This financing is intended to strengthen cbdMD's balance sheet, support distribution expansion, and help position the company for sustained profitability and full listing compliance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. cbdMD Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 268786) on October 01, 2025, and is solely responsible for the information contained therein.
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