secwatch.observer — SEC 8-K summary
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Issuer:     Charlotte's Web Holdings, Inc. (CWBHF)
CIK:        0001750155
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0001279569-25-000759
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Charlotte's Web lends $750,000 to joint venture DeFloria at 13.25% interest
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- Principal $750,000 payable in 5 monthly tranches; first $375,000 upon execution, then $93,750 each starting Aug 1, 2025.
- Interest initially 13.25% per annum (Bank of England Base Rate + 8%), capped at 14%; non-compounded.
- Maturity on Dec 31, 2026 or earlier if DeFloria raises at least $10M in preferred equity or convertible debt.
- Loan from Charlotte's Web, Inc. to DeFloria Inc., a JV with AJNA BioSciences and BAT (BTI/BATS).
- Upon a Deemed Liquidation Event, repayment includes a 20% premium on principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750155/000127956925000759/0001279569-25-000759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750155/000127956925000759/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001279569-25-000759

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