cbdMD extends Charlotte headquarters lease to 2031 with lower rent and smaller footprint
cbdMD signed a Third Amendment to its Charlotte warehouse lease, which also serves as its executive offices, extending the term 62 months to November 30, 2031, for 40,000 square feet. The company says the amendment reduces annual gross rent expense by approximately $450,000 and net rent expense by approximately $100,000 to $120,000 after sublet rent, which lowers operating costs for shareholders over the extended term.
Key points
- Lease extended 62 months from October 1, 2026, to November 30, 2031, covering 40,000 square feet at 2101 Westinghouse Boulevard, Charlotte
- Monthly base rent reduced to $38,000 for the initial year of the renewal term; base rent abated from October 1, 2026, through November 30, 2026
- Annual gross rent expense reduction of approximately $450,000; net reduction of approximately $100,000 to $120,000 after sublet rent
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.