Charlotte's Web Holdings made the following announcement on May 31:
Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX:CWEB,OTCQX:CWBHF), the market leader in hemp CBD extract products, confirms commencement of trading of the Company's common shares (the "Common Shares") on the Toronto Stock Exchange (the "TSX") effective today, Friday May 31, 2019 under the stock ticker "CWEB". In conjunction with listing on the TSX, the Common Shares were voluntarily delisted from the Canadian Securities Exchange (the "CSE") as at the close of trading yesterday, Thursday, May 30, 2019.
The founding family of Charlotte's Web, the Stanley Brothers, will host employees and guests to remotely open trading on the TSX on Monday, June 3, 2019 from Boulder, Colorado. The market opening ceremony can be watched in real-time at https://www.youtube.com/watch?v=pdFNcyzPoKA and on BNN television. An archive of the ceremony will also be made available at http://www.tsx.com/news/market-opens.
About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-derived cannabidiol ("CBD") wellness products. Founded by the Stanley Brothers, the Company's premium quality products start with proprietary hemp genetics that are responsibly manufactured into hemp-derived CBD extracts naturally containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds. Industrial hemp products are non-intoxicating. Charlotte's Web product categories include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals, as well as CBD pet products. Charlotte's Web hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online through the Company's website at www.CharlottesWeb.com. The rate the Company pays for agricultural products reflects a fair and sustainable rate driving higher quality yield, encouraging good farming practices, and supporting U.S. farming communities.
Charlotte's Web is a socially conscious company and is committed to using business as a force for good and a catalyst for innovation. The Company weighs sound business decisions with consideration for how its efforts affect its employees, customers, the environment, and the communities where its employees live and where it does business, while maximizing profits and strengthening its brands. The Company's management believes that socially oriented actions have a positive impact on the Company, its employees and its shareholders. Charlotte's Web donates a portion of its pre-tax earnings to charitable organizations.
Shares of Charlotte's Web trade on the Toronto Stock Exchange (TSX) under the symbol "CWEB" and are quoted in U.S. Dollars in the United States on the OTCQX under the symbol "CWBHF". As at May 24, 2019 Charlotte's Web had 39,772,154 Common Shares outstanding and 138,332.38 Proportionate Voting Shares convertible at 400:1, for an effective equivalent of 95,105,106 Common Shares outstanding.