BOULDER, Colo., June 26, 2020 /CNW/ - Charlotte's Web Holdings,
Inc. ("Charlotte's Web", or the "Company") (TSX:CWEB, OTCQX:CWBHF),
the market leader in hemp CBD extract products, announces today
that it intends to hold its annual general and special meeting of
shareholders on September 3, 2020
(the "Meeting"). In light of the continuing coronavirus (COVID-19)
outbreak and in order to protect the health and safety of the
Company's shareholders and the broader community, it is anticipated
that the Meeting will be held virtually. The Company's shareholders
will be able to attend and participate in the Meeting via live
audio webcast.
![TSX:CWEB - Charlotte's Web CBD hemp extracts (CNW Group/Charlotte's Web Holdings, Inc.) TSX:CWEB - Charlotte's Web CBD hemp extracts (CNW Group/Charlotte's Web Holdings, Inc.)](https://mma.prnewswire.com/media/1196872/Charlotte_s_Web_Holdings__Inc__Charlotte_s_Web_Announces_AGM_Dat.jpg)
The Company intends to rely on the temporary blanket relief
provided by the Canadian Securities Administrators (including the
exemptive relief contained in Ontario Securities Commission
Instrument 51-504 – Temporary Exemptions from Certain
Requirements to File or Send Securityholder Materials) to
postpone the filing of its executive compensation disclosure
required under applicable securities laws until such time as it is
filed and delivered to shareholders as part of the Company's
information circular relating to its 2020 annual general and
special meeting of shareholders, currently scheduled for
September 3, 2020.
Further information related to the Meeting will be included in
the management information circular, which will be made available
on SEDAR at www.sedar.com closer to the date of the Meeting.
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. The Company was founded by the Stanley
Brothers on a mission to unleash the power of botanicals through
compassion and science to benefit the planet and all who live upon
it. 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. Charlotte's Web product categories
include CBD oil tinctures (liquid products), CBD capsules, CBD
topicals, as well as CBD pet products. The Company is a leader in
over-the-counter topical products combining active pharmaceutical
ingredients with hemp extract including CBD CLINICTM,
marketed to the professional practitioner market, and
CBDMEDICTM, marketed to the consumer market. Charlotte's
Web hemp-derived CBD extracts are sold through select distributors,
brick and mortar retailers, and online through the Company's ADA
compliant website at www.CharlottesWeb.com.
Forward-Looking Information
Certain information in this news release constitutes
forward-looking statements and forward-looking information
(collectively, "forward-looking information"). In some cases, but
not necessarily in all cases, forward looking information can be
identified by the use of forward-looking terminology such as
"plans", "targets", "expects" or "does not expect", "is expected",
"an opportunity exists", "is positioned", "estimates", "intends",
"assumes", "anticipates" or "does not anticipate" or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might", "will" or "will
be taken", "occur" or "be achieved". In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances contain forward-looking
information. Statements containing forward-looking information are
not historical facts but instead represent management's
expectations, estimates and projections regarding future events. In
particular, this news release contains forward-looking information
relating to the Meeting, and any other information contained herein
that is not a historical fact.
Forward-looking information is necessarily based on a number
of opinions, assumptions and estimates that, while considered
reasonable by the Company as of the date of this news release, are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to the factors described in greater detail in the
Company's annual information form dated March 27, 2020 and other public filings available
on the Company's SEDAR profile at www.sedar.com. These factors are
not intended to represent a complete list of the factors that could
affect the Company; however, these factors should be considered
carefully. There can be no assurance that such expectations,
estimates, projections and assumptions will prove to be correct.
The forward-looking statements contained in this news release are
made as of the date of this news release, and the Company expressly
disclaims any obligation to update or alter statements containing
any forward-looking information, or the factors or assumptions
underlying them, whether as a result of new information, future
events or otherwise, except as required by law.
SOURCE Charlotte's Web Holdings, Inc.