Welcome to our dedicated page for Cv Sciences news (Ticker: CVSI), a resource for investors and traders seeking the latest updates and insights on Cv Sciences stock.
CV Sciences, Inc. (OTCQB:CVSI) generates a steady stream of news as a consumer wellness company specializing in hemp extracts, nutraceuticals, and plant-based foods. Company announcements frequently cover financial results, product launches, regulatory developments, and capital markets activity, offering investors and observers insight into how the business is evolving across its wellness and plant-based platforms.
Regular earnings releases detail quarterly and annual performance, including product sales, gross margin trends, operating income or loss, cash balances, and non-GAAP measures such as Adjusted EBITDA. These updates often highlight the contribution of new products launched since early 2023 and discuss how state and federal regulatory environments for CBD affect B2B and B2C sales.
CV Sciences also issues news on new product introductions and brand extensions. Recent examples include the Ignite men’s performance formula under its wellness portfolio, the +PlusHLTH™ cannabinoid-free supplement line, expanded +PlusCBD™ sleep, calm, reserve, and pet products, and the launch of Lunar Fox, a plant-based company offering vegan alternatives to traditional animal-based proteins. These stories illustrate the company’s focus on innovation and diversification across supplements and plant-based foods.
Another recurring theme in CVSI news is regulatory and policy engagement. The company has publicly commented on federal actions related to CBD research and potential Medicare and Medicaid reimbursement for CBD products, as well as state-level legislation such as Texas Senate Bill 3. In addition, SEC Form 8-K filings and related press releases describe material financing agreements, secured promissory notes, and other capital structure developments.
For readers tracking CVSI, this news feed provides context on the company’s operating performance, product pipeline, regulatory posture, and financing activities. Returning to this page allows users to follow how CV Sciences’ hemp-derived wellness, supplement, and plant-based food strategies are reflected in its ongoing disclosures.
CV Sciences has launched new +PlusCBD Relief Softgels, featuring seven times more CBDA and CBD than its original formula. The softgels contain Levagen®+ PEA, shown in studies as an alternative to ibuprofen, promoting a healthy inflammatory response. CEO Joseph Dowling emphasized the product's purity and effectiveness in enhancing health and wellness. These softgels are available on the company's website and will soon be at select retailers. CV Sciences operates in dietary supplements and drug development, with its products sold at over 8,400 retail locations.
CV Sciences has launched four new +PlusCBD™ Pain Relief topicals designed for targeted pain relief, featuring ingredients like camphor, menthol, and hemp-derived CBD. The new products include the Pain Relief Sport Recovery Stick, Pain Relief Penetrating Cream, Pain Relief Muscle Cream, and Pain Relief Arthritis Cream, each addressing specific types of discomfort. The company emphasizes a focus on consumer wellness and innovation, adhering to GMP guidelines. With products available in over 8,400 U.S. retail locations, CV Sciences aims to strengthen its position in the CBD market.
CV Sciences Announces Distribution Agreement with GNC
CV Sciences, Inc. (OTCQB: CVSI) has partnered with GNC to distribute its +PlusCBD™ products in 770 GNC locations across the U.S., starting early 2022. The product line includes various CBD items like Cherry Mango Gummies, Softgels, and Peppermint Liquid, reinforcing CV Sciences' commitment to quality and safety. This partnership reflects the favorable regulatory climate post-AB 45 in California and is a milestone in CV Sciences' distribution strategy.
CV Sciences, Inc. (OTCQB:CVSI) has appointed Haskell & White LLP as its new independent registered public accounting firm, following a thorough selection process by the Audit Committee. This decision aims to enhance cost efficiencies and better support the evolving needs of the company. Haskell & White replaces Deloitte & Touche LLP, who had provided services for the past two years. The appointment has been formally documented through a Form 8-K filed with the SEC, marking a significant change in the company's financial oversight structure.
CV Sciences, Inc. (OTCQB:CVSI) announced a securities purchase agreement with an institutional investor for the sale of convertible notes totaling $1.06 million, with potential additional offerings up to $4.24 million, totaling approximately $5.3 million. The initial offering is expected to close by November 17, 2021. The notes will carry a 6% original issue discount, mature in 6 months, and offer full ratchet antidilution protection. Proceeds, estimated at $1 million after fees, will support corporate purposes including product development and marketing.
CV Sciences reported third quarter 2021 revenue of $5.1 million, down 8% from $5.6 million in Q3 2020. The gross margin improved to 46.2%, up from 44.2% year-over-year. The total cash balance decreased to $1.7 million from $4.5 million at year-end. Retail distribution expanded to over 7,700 stores, a significant increase from 6,200 stores in the previous year. Notably, they obtained forgiveness for a $2.9 million PPP loan and received multiple awards for their CBD products. The company remains optimistic about growth, supported by favorable regulatory changes.
CV Sciences (OTCQB:CVSI) will release its third-quarter financial results on November 15, 2021, before the stock market opens. A conference call with investors is scheduled for 7:00 a.m. PT that same day, available via webcast on the company's Investor Relations website. CV Sciences operates in two segments: consumer products, focusing on hemp-derived CBD supplements, and drug development for CBD-based therapeutics. PlusCBD™ products are sold in over 7,700 U.S. retail locations, making it a leading CBD brand.
CV Sciences is pleased to announce the passage of California's AB 45, permitting the retail sale of hemp-derived extracts like CBD. This new law is expected to enhance the distribution of CV Sciences’ PlusCBD™ products within California, expanding access for consumers seeking health benefits. CEO Joseph Dowling expressed optimism that this legislation will serve as a responsible model for other states. With over 7,300 retail locations across the U.S., CV Sciences aims to leverage this opportunity to grow its market presence.
CV Sciences reported its financial results for Q2 2021, revealing revenue of $5.1 million, down from $5.4 million in Q2 2020. Despite this revenue decline, the company saw an improvement in gross margin to 44.7%, up from 43.0% year-over-year. The total cash balance decreased to $3.0 million from $4.5 million at year-end. The company expanded its retail presence to over 7,800 stores. Despite challenges from market competition and regulatory uncertainties, CV Sciences launched new products and reported a reduced operating loss of $3.5 million.
CV Sciences (OTCQB:CVSI) announced it will release its second-quarter financial results on August 12, 2021, after market close. A conference call for investors is scheduled the same day at 1:30 PM PT. The call will be accessible via the company's Investor Relations webpage and will be archived for 30 days. CV Sciences operates two divisions: a consumer product segment focused on CBD products and a drug development segment for CBD-based therapeutics. Its PlusCBD™ brand is recognized as a leader in the natural products market.