Charlotte’s Web converts BAT debenture into C$89.56 million equity at C$0.94 a share
Direxion اليومي CSI الصين الدولي
Direxion Daily CSI China Int CWEB | 0.00 |
- Charlotte’s Web closed a deal with British American Tobacco that converted a C$75.3 million convertible debenture into equity at C$0.94.
- The conversion included C$14.22 million of accrued interest, for a total C$89.56 million settlement.
- The move issued 95,281,277 shares to BAT, removing the debenture from the capital structure.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charlotte's Web Holdings Inc. published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.
