CV Holdings, Inc. Update and Financial Statements for Year Ended December 31, 2020

May 7, 2021

NEWPORT BEACH, Calif., May 07, 2021 (GLOBE NEWSWIRE) — CV Holdings, Inc. (Other OTC:CVHL) (the “Company”) today reported a net loss for the year ended December 31, 2020 of $(16,197,585) or $(0.26) per common share with weighted average common shares of 62,018,156 issued and outstanding during 2020. Taking into account the December 31, 2020 balance of 64,413,784 common shares issued and outstanding and 7,172,774 warrants and stock options outstanding, the net loss was $(0.23) per diluted common share based on 71,586,558 common shares outstanding on a fully-diluted basis.

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