BOULDER, Colo., Sept. 4, 2020 /CNW/ - (TSX: CWEB) (OTCQX: CWBHF)
Charlotte's Web Holdings, Inc. ("Charlotte's
Web" or the "Company"), the market leader in whole-plant
hemp CBD extract products, is pleased to announce the results
from its 2020 annual general meeting of shareholders held on
September 3, 2020 via live audio
webcast (the "Meeting"). Each of the matters voted upon at
the Meeting is discussed in detail in the Company's Management
Information Circular dated July 23,
2020, a copy of which is available on the Company's SEDAR
profile at www.sedar.com.
The total number of votes cast at the Meeting was 91,620,372,
representing 66.01% of the total number of votes attached to the
outstanding voting shares of the Company. According to the proxies
received, the results of the vote for the election of directors
were as follows:
Nominee
|
|
# Votes
For
|
|
% Votes
For
|
|
# Votes
Withheld
|
|
% Votes
Withheld
|
Joel
Stanley
|
|
55,511,560
|
|
95.43
|
|
2,658,443
|
|
4.57
|
Adrienne
Elsner
|
|
56,375,386
|
|
96.91
|
|
1,794,617
|
|
3.09
|
Jared
Stanley
|
|
53,740,720
|
|
92.39
|
|
4,429,283
|
|
7.61
|
John Held
|
|
53,515,438
|
|
92.00
|
|
4,654,565
|
|
8.00
|
Jacques
Tortoroli
|
|
53,518,604
|
|
92.00
|
|
4,651,399
|
|
8.00
|
Jean Birch
|
|
53,718,368
|
|
92.35
|
|
4,451,635
|
|
7.65
|
Susan Vogt
|
|
53,699,226
|
|
92.31
|
|
4,470,777
|
|
7.69
|
Detailed results of the matters considered at the Meeting are
reported in the Report of Voting Results as filed by the Company
on sedar.com.
Lead director John Held has been
appointed as board Chairman for the Company, taking over the
position from Company co-founder Joel
Stanley who remains a director.
"John has been an incredible asset to this board and a pleasure
to serve with over these last two years," stated Mr. Stanley. "I
and the rest of the Stanley Brothers are pleased to transition the
board lead to John and have confidence that his experience prior to
and with the Company will make him an excellent Chairman."
Susan Vogt is a new member
appointed to the Company's board of directors at the Meeting.
Ms. Vogt has more than thirty-five years' experience in the global
life science research, pharmaceutical, biotech and clinical
diagnostics markets, most recently as the Chief Executive Officer
of venture-backed Aushon BioSystems, a life science and diagnostics
tools company enabling the discovery and use of protein biomarkers
for the diagnosis and treatment of complex diseases. Aushon
BioSystems was acquired by Quanterix in 2018. Prior to
joining Aushon, she led the turnaround of SeraCare Life Sciences as
President and CEO. There she successfully re-listed the company on
NASDAQ and returned the company to profitability. Prior to that,
Ms. Vogt held numerous senior level positions at Millipore
Corporation, including Corporate Officer and President of the
BioPharmaceutical Division.
Ms. Vogt has served on the board of directors and advisory
boards of a number of other private and publicly held companies,
including UK-based TAP BioSystems, and Belfast-based Andor Technologies, and
currently serves on the Board of Anika Therapeutics (NASDAQ:ANIK)
and Sharps Compliance (NASDAQ:SMED). Ms. Vogt received her
M.B.A. from Boston University and a
B.A. degree from Brown University.
Ms. Vogt, who will serve as a member of the Company's Corporate
Governance and Nominating Committee, and the Audit Committee,
brings the total number of Directors on the Charlotte's Web board
to seven.
About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc., headquartered in Boulder, Colo., 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 with a mission to unleash the healing powers of botanicals
with compassion and science, benefitting the planet and all who
live upon it. The Company's premium quality products start with
proprietary hemp genetics that are 100-percent American farm grown
and 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. Charlotte's Web hemp-derived CBD extracts are sold
through select distributors, more than 21,000 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
regenerative farming practices, and supporting U.S. farming
communities.
As a B Labs certified B Corporation™ and a benefit company,
Charlotte's Web is a socially and environmentally 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 of the impact of their decisions on
all stakeholders: customers, workers, communities, and the
environment, while maximizing profits and strengthening its brands
which include Charlotte's Web™, CBD Medic™, CBD Clinic™, and
Harmony Hemp. The Company's
management believes that its socially oriented actions have a
positive impact on the Company, its employees and its
shareholders.
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 current
expectations, estimates and projections regarding the future of
our business, future plans, strategies, projections, anticipated
events and trends, the economy and other future conditions.
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.
For further information subscribe to Charlotte's Web
investor news.
SOURCE Charlotte's Web Holdings, Inc.