CV Sciences, Inc. announced a private placement through the issue and sold secured promissory note in the original principal amount of $1,188,500 with returning lender, Streeterville Capital, LLC on July 3, 2024. The Note carries an original issuance discount of $283,500, and the company agreed to pay $5,000 to cover legal fees, each of which were deducted from the proceeds of the note received by the company which resulted in a purchase price received by the company of $900,000. The unpaid amount of the Note, any interest, fees, charges and late fees accrued shall be due and payable in twelve months from July 3, 2024 (the ?Maturity Date?).

The Company is required to make weekly repayments to Streeterville of $22,855.77. The Company can pay all or any portion of the outstanding balance earlier than it is due without penalty.