CV Sciences resolves note default via conversion; investor converts $152K into 3.75M shares at $0.04

CV Sciences, Inc.

CV Sciences failed to repay $130K principal plus interest on Nov 2021 senior convertible note at May 17, 2022 maturity, causing default.
On May 18, 2022, company entered a forbearance agreement with investor; deadline to repay with 15% premium was June 1, 2022.
On May 31, investor converted entire outstanding $151,772 (incl. premium & interest) into 3,751,971 shares at $0.04/share, resolving default.
Note terminated; company has no further payment obligations under the note.

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