DENVER, June 16,
2023 /CNW/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's
Web Holdings, Inc. ("Charlotte's Web" or the
"Company") is pleased to announce the results from its 2023
annual general meeting of Company shareholders (the
"Shareholders") held on June 15,
2023 via live audio webcast (the "Meeting").
At the Meeting, each of the incumbent directors were duly
re-elected as directors of the Company and all other items, as
detailed in the Company's Proxy Statement dated April 28, 2023, were also approved.
Given that certain of the directors received less than majority
support at the Meeting, each such director has complied with the
Company's majority voting policy (the "Majority Voting
Policy") and has provided an offer to resign from the
Board (the "Offers") to the Board. The Board will, in
accordance with the Majority Voting Policy, make a determination in
due course on whether or not to accept any Offers. A further
update will be provided promptly following the Board's
determination. A copy of the Majority Voting Policy is available on
the Company's website at www.charlottesweb.com.
The results of the vote for the election of directors to the
board of directors of the Company (the "Board") were as
follows:
Nominee
|
|
# Votes For
|
|
% Votes For
|
|
# Votes
Withheld
|
|
% Votes
Withheld
|
Jonathan
Atwood
|
|
59,504,185
|
|
97.7 %
|
|
1,380,788
|
|
2.3 %
|
John Held
|
|
20,028,855
|
|
32.9 %
|
|
40,856,118
|
|
67.1 %
|
Thomas
Lardieri
|
|
20,037,933
|
|
32.9 %
|
|
40,847,040
|
|
67.1 %
|
Alicia Morga
|
|
20,075,843
|
|
33.0 %
|
|
40,809,130
|
|
67.0 %
|
Jacques
Tortoroli
|
|
20,216,364
|
|
33.2 %
|
|
40,668,609
|
|
66.8 %
|
Susan Vogt
|
|
59,433,399
|
|
97.6 %
|
|
1,451,574
|
|
2.4 %
|
Detailed results of the matters considered at the Meeting are
reported in the Report of Voting Results as filed on the
Company's SEDAR profile at www.sedar.com.
About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc., a Certified B Corporation
headquartered in Denver, is the
market leader in innovative hemp extract wellness products under a
family of brands that includes Charlotte's WebTM, CBD MedicTM, and
CBD ClinicTM. Charlotte's Web whole-plant CBD extracts come in
full-spectrum and broad-spectrum options, including ReCreateTM by
Charlotte's Web, the world's only broad-spectrum CBD certified NSF
for Sport®, which is the official CBD of Major League Baseball©.
Charlotte's Web branded premium quality products start with
proprietary hemp genetics that are American farm-grown using
organic and regenerative cultivation practices. The Company's hemp
extracts have naturally occurring botanical compounds including
cannabidiol ("CBD"), CBC, CBG, terpenes, flavonoids, and other
beneficial compounds. The Company's CW Labs R&D division
advances hemp science at a center of excellence in Louisville, Colorado. Charlotte's Web product
categories include CBD oil tinctures (liquid products) CBD gummies
(sleep, stress, exercise recovery), CBD capsules, CBD topical
creams and lotions, as well as CBD pet products for dogs. Through
its substantially vertically integrated business model, Charlotte's
Web maintains stringent control over product quality and
consistency with 20+ product lot testing for quality assurance.
Charlotte's Web products are distributed to retailers and health
care practitioners throughout the U.S.A, and online through the Company's
website at www.charlottesweb.com.
© Major League Baseball trademarks and copyrights are used with
permission of Major League Baseball. Visit MLB.com.
Forward-Looking Information
Certain information in this news release constitutes
forward-looking statements and forward-looking information within
the meaning of applicable securities laws (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 statements containing forward-looking
information. Although these statements containing forward-looking
information are based on assumptions the Company considers to be
reasonable based on the information available on the date such
statements are made, such statements are not guarantees of future
performance and readers are cautioned against placing undue
reliance on forward-looking information.
The material factors and assumptions used to develop the
forward-looking information herein include, but are not limited to,
international and political considerations; regulatory changes; and
the factors discussed throughout the "Risk Factors" section of the
Company's most recently filed annual information form available on
www.SEDAR.com and in the Company's most recently filed Annual
Report on Form 10-K and quarterly report on Form 10-Q as amended,
and other filings with the Securities and Exchange Commission
available on www.SEC.gov. Except as required by applicable
securities laws, the Company undertakes no obligation to publicly
update any forward-looking information, whether written or oral,
that may be made from time to time, whether as a result of new
information, future developments or otherwise.
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SOURCE Charlotte's Web Holdings, Inc.