Replies to post #4095 on CV Sciences Inc (CVSI)

[Det_Robert_Thorne]

If it changed tomorrow, CANV loses $11.2M immediately

As of the end of 3Q/14, CannaVest had $5.6M in inventory, and another $5.6M in prepaid inventory (hemp paste they've paid for, but haven't received).

That's $11.2M of inventory and hemp paste that would immediately become close to worthless, as the products made from it would be too expensive to sell into the new medical CBD market.

They would then be in direct competition with companies who have been working on the medical application of CBD from Charlotte's Web for more than a year, now, and would have to start a grow operation from scratch, with whatever remaining cash they have on hand.

Meanwhile, they've got contracts for more industrial hemp paste, perhaps as much as $8M (exceeding their available cash by several million dollars) that is due to be paid by the end of 3Q/15.

Changeing CBD to Schedule II would destroy CannaVest.

[UglyAmerican]

Well said!