Charlotte's Web Holdings

Charlotte’s Web Holdings Inc. is going public. On August 24, 2018, the company announced that it had received a receipt for its final prospectus filed with securities regulatory authorities in each of the provinces of Canada, except Quebec, relating to its initial public offering. The company will offer a total of 14.3 million common shares of the company at a price of C$7.00 per common share. The offering is expected to raise a total of C$100.1 million, with approximately C$93.1 million going to the company and another C$6.9 million going to selling shareholders. The offering is expected to close on August 30, 2018. Following the closing of the offering, common shares of Charlotte’s Web Holdings will commence trading on the Canadian Securities Exchange under the symbol “CWEB.”