YCBD - cbdMD announces 1-for-45 reverse stock split

2023-04-14 16:32:39 ET

• cbdMD ( NYSE: YCBD ) on Friday said its board had approved a ratio of 1-for-45 for the company's reverse stock split, effective April 24.
• The board approved the ratio on April 12.
• The split had previously been approved by the company's shareholders on Feb. 16 and the board had been given the authority to determine the final ratio.
• "We believe that the resulting increase in share price from the reverse split will ensure continued compliance with our NYSE American listing," YCBD interim CEO Ronan Kennedy said in a statement .
• The company's common stock will continue to trade on the NYSE American under the existing trading symbol "YCBD" with a new CUSIP number.

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