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home / news releases / CWBHF - Charlotte's Web announces $56.8M investment from BAT

CWBHF - Charlotte's Web announces $56.8M investment from BAT

Charlottes Web Holdings Inc
  • Charlotte's Web Holdings ( OTCQX:CWBHF ) has announced a $56.8M investment from a subsidiary of BAT, which provides the Co. with incremental capital to fund growth initiatives, including the Co.'s expanding portfolio of botanical wellness products.
  • BAT's Investment has been made via a convertible debenture in the amount of $56.8M.
  • The debenture is currently convertible into a non-controlling equity stake in Charlotte's Web of ~19.9% and is convertible at BAT's discretion.
  • Upon closing of this investment, Charlotte's Web will have pro-forma cash and short-term investments of ~$65M.
  • The Investment provides substantial liquidity at an attractive cost of capital for Charlotte's Web.

For further details see:

Charlotte's Web announces $56.8M investment from BAT
Stock Information
Company Name: Charlottes Web Holdings Inc
Stock Symbol: CWBHF
Market: OTC
Website: charlottesweb.com
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