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.