Charlotte's Web Holdings Inc T.CWEB

Alternate Symbol(s): CWBHF

Healthcare Cannabis

Charlotte's Web Holdings, Inc. (Charlotte’s) is engaged in providing hemp extract wellness products under a family of brands which includes Charlotte’s Web, CBD Medic, CBD Clinic, and Harmony Hemp. Charlotte’s Web branded products start with its hemp genetics that are 100% North American farm grown and manufactured into hemp extracts containing naturally occurring phytocannabinoids, including cannabidiol (CBD), cannabichromene (CBC), cannabigerol (CBG), cannabinol (CBN), terpenes, flavonoids and other beneficial hemp compounds. Charlotte’s Web product categories include full spectrum hemp extract oil tinctures (liquid products), gummies (sleep, calm, immunity, exercise recovery, daily wellness, THC-free), capsules, topical creams and lotions, as well as CBD pet products for dogs. Charlotte’s Web products are distributed to retail outlets and health care practitioners, as well as online through the Company’s Website at www.Charlottesweb.com.

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Charlotte's Web Holdings Inc

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Post by Don773on Nov 15, 2022 10:20am

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Post# 35099646

BAT investment in CWEB is a very positive for the company

British American Tabacco (BAT) investment is a very positive for Charlotte's Web. It provides funds to assure company survival and growth and this is what we need at this time. Let's not forget that BAT invested in Organigram. This may result in the business combination between companies and should be positive for shareholders. I have pasted summary of the deal.

GLTA longs!
Don

"Charlotte’s Web (CWEB) has secured a US$56.8M investment from British American Tobacco (BAT)
The seven-year debenture is convertible into a 19.9 per cent ownership stake and carries an annual interest rate of 5 per cent
The company will use the proceeds to enhance its research and development capabilities
Charlotte’s Web Holdings is a market leader in innovative hemp extract wellness products
Charlotte’s Web (CWEB) is up by 10.34 per cent, trading at $0.96 per share"