---
schema_version: "secwatch.filing_event.v1"
accession: "0001750155-26-000036"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:59:45.624097+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BAT invests US$10M, converts C$75M debenture into ~40.8% stake in Charlotte's Web

## Summary
- BAT to purchase up to 14.76M common shares for US$10M (~C$13.9M) at minimum C$0.94/share.
- Convertible debenture terms amended: conversion price lowered from C$2.00 to C$0.94; conversion cap raised to 40.8%.
- Upon closing (~May 28, 2026), BAT converts all principal and accrued interest into 95.3M shares, owning 40.8% pro forma.
- Amended investor rights give BAT board nomination (min 2 directors), pre-emptive rights, standstill, and minority protections while holding ≥10%.
- Company will seek shareholder approval; proxy statement to be filed with SEC.

## SEC filing metadata
- accession: 0001750155-26-000036
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000036/0001750155-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000036/cweb-20260330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001750155-26-000036
- JSON: https://secwatch.observer/filing/0001750155-26-000036.json
- Plain text: https://secwatch.observer/filing/0001750155-26-000036.txt

## Key facts
- Material Agreements
  Charlotte's Web Holdings, Inc. amended Convertible Debenture with BT DE Investments Inc. (BAT) (effective 2026-03-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BT DE Investments Inc. (BAT)
  - Effective: 2026-03-30
  source text: In connection with and concurrently with the Closing, the Company and BAT will enter into an amendment and conversion notice (the “Amendment and Conversion Notice”) to amend the terms of the Convertible Debenture
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000036/0001750155-26-000036-index.htm

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