Charlotte’s Internet Announces Pricing of Public Supplying of Frequent Shares

BOULDER, CO, May possibly 9, 2019 /CNW/ – (CSE:CWEB, OTCQX:CWBHF) Charlotte’s Internet Holdings, Inc. (“Charlotte’s Web”, or the “Company”), the industry share leader in hemp-derived CBD extract items, announces the pricing of its previously announced underwritten public supplying of an aggregate of 7 million frequent shares at a cost of C$20.00 per share for total gross proceeds of about C$140 million. All of the frequent shares in the supplying are to be sold by specific present shareholders. In addition, the promoting shareholders have granted the underwriters a 30-day selection to obtain up to an extra 15% of the frequent shares supplied in the proposed public supplying on the identical terms and circumstances.

The supplying is anticipated to close on or about May possibly 15, 2019, topic to the satisfaction of customary closing circumstances, such as the listing of the frequent shares on the Canadian Securities Exchange.

The Enterprise will not obtain any proceeds from the sale of frequent shares by the present shareholders.

Canaccord Genuity Corp. is acting as the sole bookrunner for the supplying on behalf of a syndicate such as Cormark Securities Inc., Eight Capital and PI Economic Corp.

The frequent shares will be supplied in every single of the provinces of Canada, other than Québec, pursuant to the Company’s base shelf prospectus dated April eight, 2019 (the “Base Prospectus”) and could also be supplied by way of private placement in the United States to “qualified institutional buyers”. The terms of the supplying will be described in a prospectus supplement (the “Supplement”) to be filed with the securities regulators in every single of the provinces of Canada, except Québec, on May possibly 13, 2019.

Copies of the Supplement, following filing thereof, and accompanying Base Prospectus could be obtained on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 161 Bay Street, Suite 3000, Toronto, ON M5J 2S1. The Base Prospectus consists of, and the Supplement will include, crucial detailed information and facts about the Enterprise and the supplying. Potential investors should really study the Supplement and accompanying Base Prospectus and the other documents the Enterprise has filed prior to generating an investment choice.

No securities regulatory authority has either authorized or disapproved of the contents of this news release. The frequent shares have not been and nor will they be registered below the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the frequent shares could not be supplied or sold inside the United States unless registered below the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration needs of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an give to sell or a solicitation of an give to obtain any securities of Charlotte’s Internet in any jurisdiction in which such give, solicitation or sale would be unlawful.

About Charlotte’s Internet Holdings, Inc.

Charlotte’s Internet Holdings, Inc. is the industry leader in the production and distribution of revolutionary hemp-derived cannabidiol (“ CBD”) wellness items. Founded by the Stanley Brothers, the Company’s premium high-quality items begin with proprietary hemp genetics that are responsibly manufactured into hemp-derived CBD extracts naturally containing a complete spectrum of phytocannabinoids, such as CBD, terpenes, flavonoids and other helpful hemp compounds. Industrial hemp items are non-intoxicating. Charlotte’s Internet solution categories include things like CBD Oil tinctures (liquid items), CBD capsules, CBD topicals, as properly as CBD pet items. Charlotte’s Internet hemp-derived CBD extracts are sold via choose distributors, brick and mortar retailers, and on the web via the Company’s web-site at www.CharlottesWeb.com. The price the Enterprise pays for agricultural items reflects a fair and sustainable price driving larger high-quality yield, encouraging very good farming practices, and supporting U.S. farming communities.

Charlotte’s Internet is a socially conscious firm and is committed to working with small business as a force for very good and a catalyst for innovation. The Enterprise weighs sound small business choices with consideration for how its efforts impact its staff, shoppers, the atmosphere, and the communities exactly where its staff reside and exactly where it does small business, when maximizing earnings and strengthening its brands. The Company’s management believes that socially oriented actions have a optimistic effect on the Enterprise, its staff and its shareholders. Charlotte’s Internet donates a portion of its pre-tax earnings to charitable organizations.

Shares of Charlotte’s Internet trade on the Canadian Securities Exchange below the symbol “CWEB” and in the United States on the OTCQX below the symbol “CWBHF”. As at March 31, 2019 Charlotte’s Internet has 25,375,294 Frequent Shares outstanding and 169,696.18 Proportionate Voting Shares convertible at 400:1, for an powerful equivalent of 93,253,766 Frequent Shares outstanding.

Original press release

 

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