CV Sciences Inc (CVSI)

[jwblue74]

Great!!! Thanks for that info.

$CVSI

Explaining the $4.00 Bid price, or the $2.00 - $3.00 minimum closing price for up-listing

Refer to the table in page 10 (Nasdaq Capital Market
Financial and Liquidity Requirements) of the following link:
https://listingcenter.nasdaq.com/assets/initialguide.pdf

At the bottom of the table is written:
Quote:

* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed Securities and the applicable bid price requirement for 90 consecutive trading days before applying.
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.


Conclusion: It is clear that CVSI meets all the criteria under the "Equity Standard" requirements and qualifies under the closing price alternative. The minimum closing price must be $3.00 and does NOT need to wait 90 days.
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The current 50 DSMA is $4.36