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Re: Sprig post# 75734

Sunday, 03/20/2022 11:01:34 AM

Sunday, March 20, 2022 11:01:34 AM

Post# of 82989
Actually we are discussing the past and future. In the misleading information by Glad Bag, is discussing both tiers of shares acquired by the Angel Investor. If YQU read the first agreement, Tumin Stone Capital only used up around 5 Million dollars and accumulated the 9 million share increase from the previous year. It appears the remaining 5 million dollars in the second tier, with a totally different and creative approach. Instead of reading false information posted by a non holder of CVSI, it would be much wiser to get the FACTS from the SEC fillings YQU now Understand YQU Understand. Have Mercy Have Partners Have Cantine Merger Have Faith WQLF Ahooooooo

Tier 1 ;Here YQU go. Tumin Stone Capital did not utilize the 10 Million in tier one. They canceled the agreement and are using the remainder for the future if needed. CVSI has used up 1 million of the 5 available as we know at this time.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1510964/000151096421000076/cvsi-20210930.htm

Tier 2; Agreement

https://www.sec.gov/ix?doc=/Archives/edgar/data/1510964/000151096421000075/cvsi-20211114.htm

On December 8, 2020, the Company entered into a common stock purchase agreement (“SPA”) with Tumim Stone Capital, LLC (“Tumim”), pursuant to which Tumim committed to purchase up to $10.0 million in shares of our common stock, from time to time, as further discussed in Note 5. The Company and Tumim mutually agreed to terminate the SPA effective November 15, 2021.
In November, the Company entered into a securities purchase agreement with an institutional investor providing for the sale and issuance of convertible notes due 2022 in the aggregate original principal amount of $1.06 million. Upon filing with the Securities and Exchange Commission of an additional prospectus supplement and supplemental indenture and our satisfaction of certain other closing conditions, the Company may elect to offer and sell up to and additional $4.2 million in aggregate principal amount of notes at additional closings, resulting in potential gross proceeds for this offering and such additional offerings, of approximately $5.3 million.
Management believes that its cash and cash equivalents on hand together with the securities purchase agreement, and the cost reduction measures, as needed, will provide sufficient liquidity to fund its operations for the next 12 months from the issuance of these condensed financial statements.“

Glad Baghoder Said ;

B. Currently, in the context of a multi-year declining CVSI share price, existing CVSI shareholders are being subjected to TWO(2) highly DILUTIVE Share Purchase Agreements (SPAs): 1) The $10M TUMIM DILUTION and 2) The CONVERTIBLE NOTE DILUTION (5 tranches, $5.3M total) with a "FULL RATCHET" provision.



Sprig Newton Said;

Actually no, we were discussing what may happen, not what has already happened



B. Currently, in the context of a multi-year declining CVSI share price, existing CVSI shareholders are being subjected to TWO(2) highly DILUTIVE Share Purchase Agreements (SPAs): 1) The $10M TUMIM DILUTION and 2) The CONVERTIBLE NOTE DILUTION (5 tranches, $5.3M total) with a "FULL RATCHET" provision.

Dr. Joong J Fang Said; If YQU need a link to the CVSI SEC fillings feel free to ask,