secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001510964-23-000042
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences acquires Cultured Foods for up to $535K to enter plant-based food market
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- Total consideration up to $535K: $175K cash, 7.07M shares valued at $250K, plus up to $110K earn-out.
- Cultured Foods (Warsaw, Poland) manufactures plant-based vegan foods sold in 15 European countries.
- Acquisition creates European base for PlusCBD™ product distribution and opens US import of plant-based foods.
- Expected to be accretive in first year; founder Barbara McWhorter stays as GM.
- Deal closed Dec 7, 2023; shares issued unregistered under Section 4(a)(2)/Reg D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000151096423000042/0001510964-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000151096423000042/cvsi-20231207.htm
  HTML page:      https://secwatch.observer/filing/0001510964-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer