Charlotte’s Web sells shares to BAT in US$10 million private placement at C$0.94 each
Direxion Daily CSI China Int CWEB | 0.00 |
- Charlotte's Web issued Purchased Shares to BAT on May 28, 2026 at C$ 0.94 per share for US$ 10 million, or C$ 13.87 million.
- Shares were sold in an unregistered private placement, relying on Securities Act Section 4(a)(2) or Regulation D.
- Separately, 95,281,277 common shares were issued on conversion of a Convertible Debenture at C$ 0.94 per share.
- Conversion shares were unregistered under Securities Act Section 3(a)(9).
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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001750155-26-000094), on June 03, 2026, and is solely responsible for the information contained therein.
