CV Sciences Inc (CVSI)

[sleuth100]

A timeline for cvsi settlement and response to shareholders from court documents.
WHEREAS, the court in the Depoti Action set a hearing on plaintiff’s Motion for Preliminary
Approval for September 15, 2022 at 9:05 a.m.;
WHEREAS, the parties expect that if the Depoti court preliminarily approves the Settlement
Agreement, the Depoti court will thereafter set a hearing date to consider whether finally approve
the Settlement Agreement, but the parties at present do not know when such hearing will occur;
. CV Sciences shall undertake the administrative responsibility for giving notice
to Current CV Sciences Shareholders and shall be solely responsible for paying the costs and expenses
related to providing such notice to Current CV Sciences Shareholders as described in this paragraph.
Within fourteen (14) business days after the Court’s entry of the Preliminary Approval Order, CV
Sciences shall publish the Notice via a press release, shall file a Current Report on Form 8-K with the
SEC attaching the Notice, and shall post the Notice, together with this Stipulation, on the “Investors”
section of its website. Also within fourteen (14) business days after the Court’s entry of the
Preliminary Approval Order, CV Sciences shall publish the Summary Notice one time in the national
editions of Investor’s Business Daily. The Settling Parties believe the content of the Notice and the
manner of the notice procedures set forth in this paragraph constitute adequate and reasonable notice
to Current CV Sciences Stockholders pursuant to applicable law and due process