cbdMD to Acquire Twinlab Brands in $3.98 Million Asset Sale

Twinlab Consolidated Holdings, Inc. announced on September 1, 2026, that its subsidiaries have entered into an asset purchase agreement with cbdMD, Inc. The transaction involves the sale of specified assets from three subsidiaries undergoing an assignment for the benefit of creditors (ABC) proceeding. The subsidiaries, Twinlab Consolidation Corporation, Twinlab Holdings, Inc., and Organic Holdings, LLC, are wholly owned by Twinlab Consolidated Holdings, Inc.

The assets being sold include the intellectual property, contracts, permits, inventory, accounts receivable, and goodwill associated with the Twinlab, Reserveage, Metabolife, and Alvita Tea brands. The sale also includes the equity interests of the three subsidiaries, but excludes the equity interests of other subsidiaries such as Twinlab Corporation and NutraScience Labs, Inc.

The purchase price for the assets is $3,979,805. This amount consists of $1.75 million in assumed secured indebtedness owed to Akretive Holdings, LLC, and the issuance of 2,229,805 shares of cbdMD common stock. The stock issuance represents 19.9% of cbdMD’s outstanding common stock as of the execution date and is valued at $1 per share. The issuance of the stock portion of the purchase price is subject to approval by cbdMD’s stockholders, requiring a meeting to be called within 270 days of closing.

The transaction is subject to approval by the Circuit Court of the 17th Judicial Circuit in Broward County, Florida, and is contingent upon the court entering a final order approving the sale. The closing is scheduled to occur on the second business day following the satisfaction of closing conditions and no later than ten business days after the sale order becomes a final order.

cbdMD stated that the acquisition is expected to increase its revenues to approximately $30 million, representing a 40% increase over its standalone revenue for the same period. The company noted that the acquired brands have a strong retail presence, including distribution through Vitamin Shop and GNC, and a significant Amazon presence.