CV Sciences Inc (CVSI)

[GE_Jim]

Hey Darth, have a little more time to look at your question. Answered between seminars yesterday.
Ok, CVSI does have a par of .0001.
CWBHF par value, from the 10K “Common shares, nil par value; unlimited shares authorized as of December 31, 2022”

However, you may be blending into another area. So again, from the 10K
Additionally, the Company evaluated the calculation for diluted EPS for the non-contingent conversion feature. Non-contingent features are considered at the option of the Lender at any time before maturity. The Company noted that only the non-contingent conversion feature requires further analysis for diluted EPS as there are no contingencies under the Subscription Agreement and common shares will be issued on conversion. The Company evaluated that the potential adjustments to the income available to common stockholders will include the after-tax amount of interest and other consequential changes in income or expense that would result from the assumed conversion, if any. The potential adjustment to the weighted-average number of common shares outstanding is based on the additional common shares resulting from the assumed conversion. The Company will consider the conversion feature only if it will have dilutive impact, not anti-dilutive. See reconciliation of basic and diluted EPS computations within note "Loss Per Share".
I don’t think you were going into the Black-Scholes option, so I’ll leave that off.

You also asked, CWBHF expects the BAT shares to convert even at the "high" price at which they were issued (~$1.50USD, conversion price of C$2.00 per common share). At what price(s) do you think CVSI's future conversions will take place?

What I think is they will either sell out, merge or go bankrupt before that’s a issue. IMO