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Cv Sciences, Inc. Announces Convertible Note Financing

PUBLIC · CVSINov 15, 2021

Round Type

Convertible Note

San DiegoOtherHealth CareFitnessWellness

Description

CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced that it has entered into a securities purchase agreement with an institutional investor, providing for the sale and issuance of convertible notes due 2022 in the aggregate original principal amount of $1.06 million. Upon our filing with the Securities and Exchange Commission of an additional prospectus supplement and supplemental indenture and our satisfaction of certain other closing conditions, we may elect to offer and sell up to and additional $4,240,000 in aggregate principal amount of notes at additional closings, resulting in potential gross proceeds for this offering and such additional offerings, of approximately $5.3 million.

Quick answer

CV Sciences raised an undisclosed amount in a Convertible Note round, dated November 15, 2021. CV Sciences is based in San Diego, California, United States.

How much did CV Sciences raise?
CV Sciences raised an undisclosed amount in a Convertible Note round on November 15, 2021.
What does CV Sciences do?
The Company expects to use net proceeds of approximately $1 million, before deducting transaction fees and other estimated transaction expenses, from this offering for general corporate purposes which may include,..
Where is CV Sciences based and how big is it?
CV Sciences is based in San Diego, California, United States.
Who are the decision-makers at CV Sciences?
Fundz holds 1 contact at CV Sciences. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Fitness and Wellness around the same time

Companies in the same sectors as CV Sciences that raised within 45 days of this round, from Fundz verified event records.

  • Interactive Strength TTRNR raised $59M on December 7, 2021.
  • FlexIt Inc raised $550K (Seed) on November 29, 2021.
  • Redi.Health raised an undisclosed amount (Funding Round) on October 6, 2021.
  • D1 Training raised an undisclosed amount (Corporate Round) on November 10, 2021.
  • Trait Biosciences Inc. raised an undisclosed amount (Series A) on December 30, 2021.
  • Nia Therapeutics raised $2M (Seed) on December 30, 2021.

Who to call at CV Sciences, and when

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Company Information

Company

CV Sciences

Location

San Diego, California, United States

About

The Company expects to use net proceeds of approximately $1 million, before deducting transaction fees and other estimated transaction expenses, from this offering for general corporate purposes which may include, without limitation, funding of product development, sales and marketing activities, increasing the Company’s working capital and investment in its products and intellectual property in order to accelerate growth. CV Sciences, Inc. (OTCQB:CVSI) operates two distinct business segments: a consumer product division focused on manufacturing, marketing and selling plant-based dietary supplements and CBD products to a range of market sectors; and a drug development division focused on developing and commercializing CBD-based novel therapeutics. CV Sciences, Inc. has primary offices and facilities in San Diego, California.

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Related People

1 contact
Verified contacts12 people are listed at CV Sciences. We don't have their email yet.See plans and pricing
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