8-K
filed June 1, 2026, 5:13 PM ET
ticker CWBHF
CIK 0001750155
other material
confidence high
sentiment positive
materiality 0.85
Charlotte's Web appoints BAT GC to board, closes debt conversion & US$10M investment
Charlotte's Web Holdings, Inc.
- Appointed James Jeffery Raborn (EVP Law at Reynolds American/BAT) to board as BAT designee, effective May 28, 2026.
- Shareholders approved amendment and conversion of C$75.3M debenture plus accrued interest into shares at C$0.94.
- Debenture fully converted: 95,281,277 shares issued; plus BAT invested US$10M for 14,662,765 shares at same price.
- Total shares post-closing ~270.5M; BAT holds ~40.6% becoming a 'Control Person'.
- Net proceeds from US$10M cash to support CMMI Medicare pilot program and medical channel initiatives.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Jeffery Raborn was appointed as Director at Charlotte's Web Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective May 28, 2026 (the “Effective Date”), the board of directors of Charlotte’s Web Holdings, Inc. (the “Company”), appoint James Jeffery Raborn to the Company’s board of directors
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Charlotte's Web Holdings, Inc. shareholders approved To set the number of directors of the Company at six at the 2026-05-28 meeting.
- Outcome
- passed
- Meeting
- 2026-05-28
Exact text from the filing
Proposal No. 1: To set the number of directors of the Company at six. The shareholders ratified the setting of the number of directors of the Company at six (6) directors. Votes For Votes Against Abstain 95,340,748 1,172,764 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Charlotte's Web Holdings, Inc. shareholders approved Approval of amendment of convertible debenture held by BT DE Investments Inc. and issuance of common shares in connection with conversion and equity investment at the 2026-05-28 meeting.
- Outcome
- passed
- Meeting
- 2026-05-28
Exact text from the filing
Votes For Votes Against Abstain Broker Non-Votes 48,498,268 3,048,280 0 44,966,964
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Charlotte's Web Holdings, Inc. shareholders approved Appointment of PKF O'Connor Davies LLP as auditors for the ensuing fiscal year ending December 31, 2026 and authorization of the board to fix remuneration at the 2026-05-28 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-05-28
Exact text from the filing
Proposal No. 3: To appoint PKF O'Connor Davies LLP as auditors for the ensuing fiscal year ending December 31, 2026 and the authorization of the board of directors to fix the remuneration to be paid to the auditors. The shareholders ratified the appointment of PKF O'Connor Davies LLP as the Company's auditors for the ensuing fiscal year ending December 31, 2026 and the authorization of the board of directors to fix the remuneration of the auditors. Votes For Votes Against Abstain 90,245,431 0 6,268,081
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Charlotte's Web Holdings, Inc. shareholders approved Election of directors for the forthcoming year at the 2026-05-28 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-05-28
Exact text from the filing
Proposal No. 2: To elect directors for the forthcoming year. The shareholders voted to elect the following individuals as directors of the Company until the next annual meeting of shareholders at which election of directors is considered, or until his or her successor is duly elected or appointed: Name of Director Nominee Votes For Votes Withheld Abstain Broker Non-Votes Matthew McCarthy 49,512,385 0 2,034,163 44,966,964 Angela McElwee 37,597,387 0 13,949,161 44,966,964 William Morachnick 47,775,558 0 3,770,990 44,966,964 Jared Stanley 46,776,458 0 4,770,090 44,966,964 Maureen Usifer 49,462,870 0 2,083,678 44,966,964 M. Borgia Walker 47,934,484 0 3,612,064 44,966,964
View on SEC.gov
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