---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-22-001947"
form_type: "8-K/A"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:27:33.453466+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001279569-22-001947
- form_type: 8-K/A
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956922001947/0001279569-22-001947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956922001947/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-22-001947
- JSON: https://secwatch.observer/filing/0001279569-22-001947.json
- Plain text: https://secwatch.observer/filing/0001279569-22-001947.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.