Charlie's Holdings, Inc.

Charlie's is a leader in the premium vapor products industry, focused on providing adult smokers with alternatives to combustible cigarettes. The company develops proprietary e-liquids and compact, easy-to-use disposable vaping devices. Charlie's aims to be a sales leader in two product categories: non-combustible nicotine-related products and alternative alkaloid (non-nicotine) vapor products. Its strategic focus is on developing intellectual property for product access and compliance, investing in advanced age-gating and access-control technologies to prevent youth access while serving adult smokers. The company believes effective age-verification is crucial for its Premarket Tobacco Applications (PMTAs) for both flavored and "plain" tobacco nicotine vapor products. In December, Charlie's signed a definitive licensing agreement with IKE Tech LLC to commercialize an AI-powered blockchain-based age-gating system for vapor products in the United States. This could enable Charlie's to demonstrate to the FDA that flavored ENDS products are "appropriate for the protection of public health." Charlie's Product Line includes formulating, marketing, and distributing its portfolio of proprietary alternative alkaloid (non-nicotine) vapor products, electronic nicotine delivery devices (ENDS), and premium non-combustible e-liquids. Metatine™ is a synthetically derived molecule used in its alternative alkaloid products, structurally similar to but chemically different from other vaping alkaloids.