Cbdmd, inc. suspends monthly dividend payment on its series a cumulative convertible preferred stock

Charlotte, north carolina--(newsfile corp. - august 22, 2023) - cbdmd, inc. (nyse american: ycbd) (nyse american: ycbdpa) today announced that its board of directors has suspended the monthly cash dividend payment on the company's 8.0% series a cumulative convertible preferred stock (the "series a preferred stock") beginning with the month ending august 31, 2023, as the company conserves cash in order to continue its efforts to increase sales, develop additional products, continue research and development and attempt to achieve profitability. the dividends on the company's series a preferred stock have been suspended until such time as the board of directors deem that the company has sufficient working capital to restore the payment of the dividends.
YCBD Ratings Summary
YCBD Quant Ranking