Charlotte's Web enters Master Services Agreement with DeFloria LLC for joint venture services

Charlotte's Web Holdings, Inc.

DeFloria LLC formed April 2023 with AJNA BioSciences and BAT subsidiary; Charlotte's Web and AJNA each hold 50% voting common units.
Effective February 12, 2024, Charlotte's Web and DeFloria signed a Master Services Agreement for compensated services.
Services include SOPs, product testing, stability testing, clinical trials advisory, and risk mitigation testing.
Financial terms of the services compensation were not disclosed in the filing.

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