Charlotte's Web Holdings, Inc.

Charlotte's Web Holdings, Inc. is a market leader in the United States for innovative hemp extract and other botanical-based wellness products. The company operates under a family of brands including Charlotte's Web™, CBD Medic™, and CBD Clinic™. Its premium quality full-spectrum cannabidiol (CBD) products begin with proprietary hemp genetics that are 100% North American farm grown. These are manufactured into hemp extracts containing naturally occurring phytocannabinoids such as CBD, cannabichromene (CBC), cannabigerol (CBG), cannabinol (CBN), terpenes, flavonoids, and other beneficial hemp compounds. Headquartered in Louisville, Colorado, Charlotte's Web operates from its cGMP (current good manufacturing practices) compliant production facility, known as the LOFT, also in Louisville, Colorado. At this facility, the company produces hemp oil tinctures and conducts distribution, quality control, and research and development (R&D) activities. Charlotte's Web offers a range of product categories, including functional mushroom gummies, hemp extract oil tinctures (liquid products), gummies, capsules, topical creams and lotions, and pet products. The company was incorporated on May 18, 2018, as Stanley Brothers Holdings Inc. and changed its name to Charlotte's Web Holdings, Inc. on July 12, 2018. Its Common Shares are listed on the Toronto Stock Exchange (TSX) under the symbol "CWEB" and are also quoted on the OTCQB in the United States under the symbol "CWBHF". On November 3, 2021, all outstanding Proportionate Voting Shares were converted into Common Shares.