---
schema_version: "secwatch.filing_event.v1"
accession: "0001510964-22-000045"
form_type: "8-K"
ticker: "CVSI"
cik: "0001510964"
company_name: "CV Sciences, Inc."
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:38:24.189571+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CV Sciences defaults on $1.06M convertible note; enters forbearance until June 1, 2022

## Summary
- Failed to pay $130K principal plus interest on May 17, 2022 maturity date, triggering default.
- Default interest rate of 15% per annum applied; investor can demand redemption at 115% of face value.
- Forbearance agreement signed May 18, 2022; investor agrees not to exercise remedies through June 1, 2022 or earlier trigger events.
- Company must pay aggregate principal at redemption premium plus all accrued interest and fees after forbearance period.
- All other terms of the original note and securities purchase agreement remain in effect.

## SEC filing metadata
- accession: 0001510964-22-000045
- form_type: 8-K
- ticker: CVSI
- cik: 0001510964
- company_name: CV Sciences, Inc.
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510964/000151096422000045/0001510964-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510964/000151096422000045/cvsi-20220518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510964-22-000045
- JSON: https://secwatch.observer/filing/0001510964-22-000045.json
- Plain text: https://secwatch.observer/filing/0001510964-22-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.