CV Sciences Inc (CVSI)

[GE_Jim]

We’ll know soon enough with the 4qt and year end. In looking at the last 10q from Nov. they had 1.1 mil in cash and 1.4 mil in debt. The accumulated deficit was still growing at neg 85 mil. And again, for that 9 mo. mark the gross profit was 3.988 mil. but their operating expenses were 8.7 mil leaving them an operating loss of 4.7 mil and a net loss of neg 5.9 mil and with that deemed dividend for beneficial conversion of Series A convertible preferred stock of 920 thou you have a net loss attributable to common stockholders of 6.8 mil. They also diluted roughly 40 mil shares but no matter.
At the end of the day I hope your right, that they are maybe close to stopping the fall, we’ll see when the SEC filing come out. All the have to do is sell their product. That is the sole reason they are in business, to sell. With covid being reduced I’m hoping for at least something north of 5.0 mil in revenue with at least a breakeven. If they can’t do that than what’s the point. Losses just don’t get it done. IMO