Charlotte's Web board rejects Stanley demand to replace independent directors ahead of June 15 meeting

Charlotte's Web Holdings, Inc.

Joel and Jesse Stanley demanded replacement of majority of board within 48 hours; board refuses.
Board cites conflicts: Stanleys have ongoing business relationships with the company.
ISS and Glass Lewis recommend voting FOR all of management's director nominees.
Shareholders urged to vote by 11:59 PM ET on June 14; Morrow Sodali assists.
Company engaged DLA Piper, Morrow Sodali, and ICR for legal and advisory support.

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