Tuesday, January 16, 2018 9:33:33 AM
"As we previously indicated in December 2017, our financial position has well-positioned the Company to satisfy all remaining outstanding debt obligations in cash," said Michael J. Mona, Jr., chairman and CEO of CV Sciences. "By doing so through the remaining term of this debt obligation, we will be able to avoid further dilutive issuances of our stock to the lender."
After payment of the January 2018 installment, the amount remaining due under the Note is approximately $516,500. The Company will continue to utilize cash flow in a manner that puts the interest of stockholders first, both in terms of continued growth and managing dilution.
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