Charlotte's Web shareholders approve BAT transaction, boosting financial strength and strategic growth.

Charlotte's Web Holdings announced shareholder approval for a key transaction with British American Tobacco (BAT) involving the amendment and conversion of a C$75.3 million convertible debenture and a concurrent equity investment by BAT. This deal, pending final TSX approval, will issue over 109 million shares to BAT, giving it a 40.6% stake in the company. The transaction aims to strengthen Charlotte's Web's balance sheet, simplify its capital structure, and enhance financial flexibility to support innovation and market expansion. The company remains focused on long-term value creation in botanical wellness products.