{"schema_version":"secwatch.filing_event.v1","accession":"0001279569-22-001892","form_type":"8-K","ticker":"CWBHF","cik":"0001750155","company_name":"Charlotte's Web Holdings, Inc.","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.977470+00:00","generated_at":"2026-06-21T18:41:14.720547+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Charlotte's Web receives US$56.8M investment from BAT via convertible debenture","bullets":["Convertible debenture principal C$75.3M (~US$56.8M), conversion price C$2.00/share, representing ~19.9% equity.","Interest rate 5% p.a., steps down to 1.5% upon U.S. federal regulation of CBD; maturity November 2029.","Proceeds to fund growth initiatives and R&D; pro-forma cash and short-term investments ~US$65M.","BAT gets board nomination rights: 20% of seats while ownership >=15%, stepping down to 10%.","BAT subject to 18-month lock-up on share dispositions after conversion of the debenture."],"urls":{"canonical":"https://secwatch.observer/filing/0001279569-22-001892","json":"https://secwatch.observer/filing/0001279569-22-001892.json","markdown":"https://secwatch.observer/filing/0001279569-22-001892.md","text":"https://secwatch.observer/filing/0001279569-22-001892.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750155/000127956922001892/0001279569-22-001892-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750155/000127956922001892/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:41:14.720547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05fe71acf3ab7f7eefff2b9827c01dc8d5de3b1d","claim":"Charlotte's Web Holdings, Inc. entered into Subscription Agreement with BT DE Investments, Inc. valued at approximately US$56.8 million (C$75.3 million) (effective 2022-11-14).","evidence_excerpt":"Effective as of November 14, 2022, Charlotte’s Web Holdings, Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with BT DE Investments, Inc. a wholly-owned subsidiary of BAT Group (LSE: BATS and NYSE: BTI), providing for the issuance of an approximately US$56.8 million (C$75.3 million) convertible debenture (the “Debenture”) that is convertible into 19.9% ownership of Charlotte’s Web common shares at a conversion price of C$2.00 per common share of the Company on the Toronto Stock Exchange (TSX).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750155/000127956922001892/0001279569-22-001892-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"BT DE Investments, Inc."},{"label":"Value","value":"approximately US$56.8 million (C$75.3 million)"},{"label":"Effective","value":"2022-11-14"}],"fact_type":"material_agreement"},{"claim_id":"9799d9d6b8dda796353f0833a21e07794abf303e","claim":"Charlotte's Web Holdings, Inc. entered into Investor Rights Agreement with BT DE Investments, Inc. (effective 2022-11-14).","evidence_excerpt":"greement”) with BT DE Investments, Inc. a wholly-owned subsidiary of BAT Group (LSE: BATS and NYSE: BTI), providing for the issuance","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750155/000127956922001892/0001279569-22-001892-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"BT DE Investments, Inc."},{"label":"Effective","value":"2022-11-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}