8-K/A filed November 23, 2022, 6:59 PM ET ticker CWBHF CIK 0001750155

debt confidence high sentiment positive materiality 0.85

Charlotte's Web closes ~$56.8M convertible debenture with BAT subsidiary; convertible into 19.9% stake at C$2.00/share

Charlotte's Web Holdings, Inc.

Investment of US$56.8M (C$75.3M) from BT DE Investments, wholly owned by British American Tobacco (NYSE: BTI).
Convertible debenture matures in 7 years; conversion price C$2.00 per common share, representing 19.9% ownership.
Investor rights agreement executed; BAT subsidiary gains certain governance and information rights.
Proceeds intended for general corporate purposes (not further detailed in filing).

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