CV Sciences, Inc

CV Sciences, Inc Overview

Company Headquarters: Nevada, US

Founded: 2010

Workforce: ~100

Company Working: CV Sciences, Inc. is a manufacturer of safe, high-quality, and effective CBD oil products. The company is focusing on promoting healthy living through its pharmaceutical drug development efforts and portfolio of finished product brands. It is the maker of PlusCBD Oil, the leading brand in hemp-derived CBD oil products available online, in health food stores, and in practitioners' offices in the US. The company operates two business segments, including a consumer product division and a drug development division. Its drug development division involves developing and commercializing CBD-based novel therapeutics utilizing CBD, and its consumer product division involves manufacturing, marketing, and selling plant-based CBD products.

Strategy

CV Sciences, Inc. focuses on increasing its footprint globally by establishing manufacturing, R&D, and commercial operations in various regions across the world. To increase sales and marketing, the company focuses on targeted activities that include direct-to-consumer advertising to increase consumer awareness about products. It also focuses on engaging physicians and surgeons through its sales team and other programs to ensure they are fully informed about its products.

Company Snapshot

$53.7M

Revenue

100

Employees

2010

Founded

Nevada, US

Headquarters

SWOT Analysis

Strengths

Strong brand reputation
Diversified business
Strong distribution network

Weaknesses

High net losses
Legal issues

Opportunities

Increasing co-promotion agreements with strategic partners
Customer engagement through online channels

Threats

Stringent regulatory policies
Changing political landscape across regions

Product Offering

CV Sciences, Inc
- Cannabidiol Market

Financial Performance

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