---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-000221"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:12:17.551875+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web extends name and likeness license with Stanley Brothers to June 30, 2023

## Summary
- License agreement term extended to June 30, 2023 via Fifth Amending Agreement effective Feb 17, 2023.
- Jesse Stanley, a founder, is borrower on a $1M secured promissory note maturing Nov 13, 2023.
- Company holds option to acquire Stanley Brothers USA until Feb 26, 2024 or federal cannabis legalization.
- Jared Stanley (COO) and Joel Stanley (former chairman) resigned from board in March 2021.

## SEC filing metadata
- accession: 0001279569-23-000221
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000221/0001279569-23-000221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000221/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-000221
- JSON: https://secwatch.observer/filing/0001279569-23-000221.json
- Plain text: https://secwatch.observer/filing/0001279569-23-000221.txt

## Key facts
- Material Agreements
  Charlotte's Web Holdings, Inc. amended Extension and Fifth Amending Agreement to Name and Likeness and License Agreement with Leeland & Sig LLC d/b/a Stanley Brothers Brand Company valued at Extension of term to June 30, 2023 (effective 2023-02-17).
  - Action: amendment
  - Agreement: license
  - Counterparty: Leeland & Sig LLC d/b/a Stanley Brothers Brand Company
  - Value: Extension of term to June 30, 2023
  - Effective: 2023-02-17
  source text: Effective as of February 17, 2023, Charlotte’s Web Holdings, Inc. (the “Company”) and its subsidiary, Charlotte's Web, Inc., a Delaware corporation (“CWB”), entered into an Extension and Fifth Amending Agreement to Name and Likeness and License Agreement (the “Extension ‎Agreement”) with Leeland ‎& Sig LLC d/b/a Stanley Brothers Brand Company, a Colorado limited liability company ‎‎(“Licensor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000221/0001279569-23-000221-index.htm

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