Material Event Form 8 K

Item 8.01 Other Events

As previously disclosed by CV Sciences, Inc. (the "Company"), on November 5, 2021, Michael J. Mona Jr. ("Mona") filed a complaint against the Company for breach of contract and negligence in Nevada state court seeking to recover from the Company the amount of federal and state taxes, interest and penalties owed by Mona for taxes on income received by him upon the vesting and settlement of restricted stock units in 2019. On November 3, 2022, the court ordered the case into arbitration. On December 6, 2022, Mona filed a demand for arbitration against the Company and certain of its officers with the American Arbitration Association (the "AAA"). The hearing on the merits in the case began with AAA on April 8, 2024, and the arbitrator heard five days of testimony. The hearing resumed on May 21, 2024 and concluded on May 23, 2024.

On November 20, 2024, the Company received the final arbitration award from the AAA finding against Mona on all claims for relief and in favor of the Company and management and holding that Mona shall take nothing from the arbitration.