cbdMD, Inc. announced that Scott Coffman, the co-founder of the brand cbdMD, has been appointed as Co-Chief Executive Officer effective immediately. Mr. Coffman will share CEO duties with Martin A. Sumichrast. Mr. Sumichrast will remain Chairman of the Board and Mr. Coffman will remain a Board member.

In addition, Caryn Dunayer, the co-founder of the brand cbdMD, has been appointed as President of the company effective immediately. Mr. Sumichrast will continue to focus on shareholder and public company aspects while Mr. Coffman will oversee the operational aspects of the company.