cbdMD shares surge 11.28% after-hours as company announces conference call to discuss Q1 2025 results.

think> Okay, let's start by looking at the user's query. They provided a stock (cbdMD, ticker YCBD) that had a significant after-hours increase of 11.28%. The task is to link this movement to the relevant news events listed. First, I need to parse the stock performance: it's a 11.28% increase in after-hours trading. The user wants to know if this is due to any of the recent news events. Looking at the news events, there are multiple entries from PR Newswire and others. The most recent one is from 4 days ago: cbdMD is hosting a conference call to discuss the Q1 2025 results. However, the stock's movement is after-hours, so I need to check if there's any news released in the after-hours period that could have caused this jump. Wait, the user's input lists several news events with dates like "4d ago", "15d ago", etc. But the stock's movement is in the after-hour session. However, the news events provided don't specify the exact time they were released. The most recent news is 4 days old. The stock's movement is after-hours, but the timing might not align. However, the user's instruction is to evaluate if any of the given news events are relevant. Looking at the news events, many of them are about expansions, acquisitions, regulatory compliance, and earnings calls. The most recent one is the conference call announcement for discussing Q1 2025 results. However, Q1 2025 would be a future quarter, and the conference call is to discuss those results. But the stock's movement is in the after-hours session. If the conference call was announced recently, maybe investors are anticipating positive results or strategic moves, leading to the price jump. But wait, the news from 4 days ago mentions a conference call to discuss December 31, 2025 First Quarter Results. Wait, December 31, 2025 is a date, but Q1 for a company might be January-March. However, if the company is announcing a call to discuss Q1 results that ended on December 31, 2025, that seems odd because December is part of Q4 in the traditional calendar. Maybe there's a typo, or the fiscal year is different. Assuming it's correct, the call is to discuss the first quarter results, which might have been recently released, prompting the after-hours rally. Alternatively, other news events like the expansion into Louisiana with Morales Beverage Group (15 days ago) and the strategic acquisition of Bluebird Botanicals (1 month ago) could be factors. However, the most recent news is the conference call announcement. If the call was held and the results were positive, but the user hasn't provided details of the call's outcome, maybe the market is reacting to the call's content. However, the user's news events only mention the announcement of the call, not the results themselves. But the stock's movement is after-hours, which is after the regular trading session. If the conference call was held after hours, and the results were positive, that could explain the jump. However, the news event is just the announcement of the call, not the actual results. Unless the call's details were released during after-hours, but the user hasn't specified that. Hmm, this is tricky. The user's news events don't include the actual earnings results or any announcements made during the call. The only relevant news is the announcement that cbdMD will host a conference call to discuss Q1 2025 results. If the market is reacting to the anticipation of positive results from that call, but the call hasn't happened yet. Alternatively, maybe the call was held during after-hours, and the results were positive, but the user hasn't provided that info. Given the information provided, the most recent news is the conference call announcement. If the stock jumped after-hours, maybe the call was held during that time, and the results were positive. However, the user's input only lists the announcement, not the results. Therefore, the only way to link the movement is if the call's announcement itself is the catalyst. But why would announcing a call lead to a 11% jump? Typically, the call's content (results) would be the driver, not the announcement. Alternatively, maybe there's another news event. Looking through the list, the most recent one is 4 days ago. The stock's movement is after-hours. If the call was held in after-hours and the results were positive, but the user hasn't provided that news. The user's news events don't include the actual results. Therefore, maybe there's no direct news event linked to the movement. However, the user's instruction says to evaluate if each news is relevant. Wait, all the news events listed for YCBD are.