Charlotte's Web, BAT Deal: Bond Conversion and $10M Equity Investment Bolster Finances
Charlotte's Web has entered into an agreement with British American Tobacco (BAT) involving bond conversion and a $10 million equity investment. The transaction is being seen as a signal that major tobacco companies are accelerating their move into the CBD market.
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Source
investors.charlottesweb.com
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Original Link
https://investors.charlottesweb.com/press-releases/press-release-details/2026/Charlottes-Web-Announces-Transaction-with-BAT-Debenture-Conversion-and-US10M-Equity-Investment-to-Strengthen-Balance-Sheet/default.aspx