Shareholders collectively holding 24.66% of the issued and outstanding shares of Charlotte’s Web have submitted instructions to “WITHHOLD” votes for four of the Company’s. | June 12, 2023
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Adjusted EBITDA presented in prior periods has been reclassified to conform with the current period presentation to include interest income as a reduction of EBITDA and restructuring charges as an addition to Adjusted EBITDA.
Forward-Looking Information
In the interest of providing the shareholders and potential investors of Charlotte s Web Holdings, Inc. with information about the Company, certain information provided constitutes forward-looking statements or information (collectively, forward-looking statements ). Forward-looking statements are typically identified by words such as may , will , should , could , anticipate , expect , project , estimate , forecast , plan , intend , target , believe and similar words suggesting future outcomes or statements regarding an outlook. Although these forward-looking statements are based on assumptions the Company considers to be reasonable based on the information available on the date such statements are made, suc
BOULDER Charlotte’s Web Holdings Inc. (OTCQX: CWBHF), a CBD product maker, is poised to enter the marijuana market as the company positions itself to acquire a manufacturer of THC-infused products.
The firm has inked a five-year, $8-million purchase agreement option with Stanley Brothers USA Holdings Inc. that allows CW to take over Stanley Brothers after certain “triggering events” such as the federal legalization of cannabis in the United States for a total price to be determined based upon revenue and EBITDA figures.
“Consumer attitudes, market trends, and laws surrounding cannabis and its role within the wellness category continue to trend positively. This strategic option provides Charlotte’s Web optionality to enter the U.S. cannabis wellness market in partnership with an experienced and trusted team and brand, positioning our business for potential new growth opportunities and shareholder value creation,” CW CEO Deanie Elsner said in a prepared statement. “Th
March 3, 2021 at 7:44 am Published by NCV Newswire
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Charlotte’s Web Positions to Enter US Cannabis Wellness Market
Charlotte’s Web secures Option to purchase Stanley Brothers’ cannabis business
BOULDER, Colo., March 3, 2021 /PRNewswire/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”, “CW” or the “Company”) (TSX: CWEB) (OTCQX: CWBHF), the market leader in full-spectrum hemp CBD extract products, announces that it has entered into an Option Purchase Agreement (the “Option”) with Stanley Brothers USA Holdings, Inc. (“Stanley Brothers USA”), a privately-held Delaware company, and the shareholders of Stanley Brothers USA. Stanley Brothers USA is a cannabis wellness incubator currently operating in three states (Colorado, California, Florida) with expansion plans underway in eight additiona
Charlotte s Web Positions to Enter US Cannabis Wellness Market prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.