CV Sciences Inc (CVSI)

[Det_Robert_Thorne]

CannaVest just got a shiny, new $6.5M convertible

Before yesterday's 8-K filing after the close, I would have thought that maybe CANV would do okay with the new advisor and the upcoming investor conferences.

But the 8-K shows that with the $2 restricted share offering all but dead -- due to the current $1.50 share price -- management has resorted to issuing convertible debt:

http://www.sec.gov/Archives/edgar/data/1510964/000101968715002085/cannavest_8k.htm

That new debt will enable the company to buy the contracted raw CBD oil this coming October, but it's likely going to cause a much larger increase in the number of outstanding shares.