Replies to post #10408 on CV Sciences Inc (CVSI)

[captainjonesthe3rd]

actually just re read it and they didnt have to pay out the milestones to pay off the royalty. but here is the royalty they paid out for 6.4 million shares which is another weird thing [why 6.4?]. they paid too much?? should have been less. should have been 4.45 million shares.

from the 8k 1.4.16:

(vi) in addition, in consideration for the acquisition of CanX and its wholly owned subsidiary, Canabine, LLC, a Florida limited liability company, pursuant
to the Combination, subject to and commencing from and after the first commercial release by the Company or one of its Affiliates of the first CBD Drug Product
developed by the Company or one of its Affiliates formulated to treat human medical conditions, the Company will pay to the former shareholders of CanX, on a
calendar quarterly basis in perpetuity, subject to the Company’s Buy-Out Option, as described below, an amount equal to five percent (5%) of net sales of such
CBD Drug Product (the “First CBD Drug Product Earn-Out Payments”);