Cbdmd, inc. announces closing of underwritten public offering of 8.0% series a cumulative convertible preferred stock and full exercise of underwriter's over-allotment option for total gross proceeds of $16.5 million

Charlotte, n.c.--(business wire)--cbdmd, inc. (nyse american: ycbd, ycbdpa), today announced the closing of its previously announced underwritten public offering for total gross proceeds of $16,500,000, before deducting underwriting discounts, commissions, and other offering expenses payable by the company. cbdmd, inc. sold an aggregate of 2,200,000 shares of its 8.0% series a cumulative convertible preferred stock, which includes 286,900 shares sold upon full exercise of the over-allotment opt
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