Charlotte’s Web Holdings, Inc. (“Charlotte‘s Web“, or the “Company“) (TSX: CWEB) (OTCQX: CWBHF), the market leader in hemp CBD extract products, announces today that, in order to replace its prior base shelf prospectus that will expire on May 10, 2021, it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada.
The base shelf prospectus, when made final, will allow the Company to qualify the distribution by way of prospectus in Canada of up to C$350 million of common shares, preferred shares, warrants, subscription receipts, units, or any combination thereof, during the 25-month period that the base shelf prospectus is effective. The specific terms of any offering under the base shelf prospectus will be established in a prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.
A copy of the preliminary short form base shelf prospectus can be found on SEDAR at www.sedar.com.
