cbdMD, Inc.

Analysis for Ticker: YCBD

CbdMD Inc is a health and wellness business that produces CBD oils, gummies, and pet products primarily through online sales and wholesale channels. Behind the labels, the company is a structural disaster hiding a 179,8$ million deficit and surviving on only 3,38$ million in remaining cash. It is like a lemonade stand that spends five dollars on every cup to sell a drink for ten cents, then prints infinite fake coupons to pay the people who bought the stand. The business is not actually selling wellness; it is a mechanical equity press designed to print stock for insiders and debt holders until the ledger is empty. The breakdown began in 05/2025 when the company attempted to hide its decay by executing a one for eight reverse stock split and forcing a conversion of old debt to erase 6,7$ million in unpaid dividends. By 09/2025, they were desperate enough to invite predators into the capital structure. Thomas Walsh and Jonathan Juchno, through C/M Capital Master Fund and WVP Emerging Manager Onshore Fund, provided 1,5$ million in cash in exchange for a 1,7$ million note. The company instantly handed 200.000$ back to these funds as a kickback for legal due diligence. This Series B preferred stock included a toxic 10,0% dividend paid in newly printed shares and a conversion price that automatically drops to match any cheaper stock they print, going as low as a 0,50$ floor.