cbdMD, Inc. - 8-K Filing
cbdMD, Inc. entered into a Third Amendment to its lease for office/warehouse space at 2101 Westinghouse Blvd., Charlotte, NC on May 20, 2026. The amendment extends the lease term by 62 months until November 30, 2031 and reduces the leased area from 80,000 to 40,000 square feet. Monthly base rent is abated for two months starting October 1, 2026, with an initial rate of $38,000 per month in year one, leading to a net annual reduction in rent expense of approximately $100,000–$120,000. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
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