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SUPPLEMENT

Charlotte’s Web Completes Filing of Prospectus Supplement for At-the-Market Equity Program | Cannabis

/NOT FOR DISTRIBUTION IN THE UNITED STATES/

ATM program adds optionality to capital liquidity toolbox

BOULDER, Colo., June 4, 2021 /CNW/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) has filed a prospectus supplement to establish an at-the-market equity program (the “ATM Program”).┬áThe Company may distribute up to CAD$60 million of common shares of the Company (the “Offered Shares”) under the ATM Program. Any distributions of the Offered Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement (the “Distribution Agreement”) with Canaccord Genuity Corp. and BMO Nesbitt Burns Inc. (together, the “Agents”). The Offered Shares may be issued by the Company to the public from time to time, through the Agents, at the Company’s discretion. The Offered Shares sold under the ATM Program, if any, will be sold at the prevailing market price

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