CV Sciences Inc (CVSI)

[Gladys Thong]

Compare CVSciences' Cash Position to Charlotte's Web

CV Sciences: To combat its brand-related problems (generic-looking, weakly-differentiated, "CBD"-included) , CV Sciences is attempting to re-brand. That will quickly deplete its rapidly-decreasing cash balance, $7.6 million as of the end of Q1 2020. The inevitable secondary offering ($100M Form S-3 filed on April 21) and, consequent, shareholder dilution will be significant.

Charlotte's Web: Already has a strong brand, a cash balance of $53.0 million, and $114.9 million working capital even after having invested in new manufacturing facilities, due to come online later this year, which will enable future growth