CV Sciences Inc (CVSI)

[CannabidiolHead]

Hey 1990...Take a look.

In order to answer the question let's see CANV's results for 2015. As of December 31, 2015, the company had:

• $518 thousand cash
• $16.6 million total current assets
• $2.45 million total current liabilities
• $11.53 million net sales
• $12.23 million net loss

For a pennystock CANV's balance sheet contains some impressive numbers and some "not as good" ones. The cash reserves are down by nearly five times (but they are fully stocked with bulk oil for the entire year and they have increased sales staff and other employee positions) while the current liabilities have increased by close to four times. It should be noted that the increase of the net loss was partly caused by a significant non-cash expense of $6 million as stock-based compensation and over $2.6 million recorded as bad debt or namely companies that owed them and skipped out on the bill....

They have also acquire two comapanies CANX and CANABINE which will hopefully position them with a run at the FDA and IND Investigational New Drug status...namely synthetic cannabinoids. Take a look at GWPH.

They are averaging nearly a million a month in gross sales....

IMHO they have a shot at making it....

CH