Business
Charlotte's Web Holdings, Inc. Files Final Base Shelf Prospectus
Charlotte's Web Holdings, Inc. Files Final Base Shelf Prospectus Canada NewsWire ...
About this update from Charlotte's Web Holdings, Inc.
[{"type":"text","content":"\n\n\n\nCharlotte's Web Holdings, Inc. Files Final Base Shelf Prospectus\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nBOULDER, CO, April 10, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n BOULDER, CO, April 10, 2019 /CNW/ - (CSE:CWEB, OTCQX:CWBHF) Charlotte's Web Holdings, Inc. (\"Charlotte's Web\", or the \"Company\") the market share leader in hemp-derived CBD extract products, has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than the Province of Quebec.\n\n \n \n\n \n\"To build on the strength of our competitive position we believe it is prudent to have a Shelf Prospectus proactively filed,\" stated Hess Moallem, President & CEO of Charlotte's Web.  \"This increases our flexibility by enabling Charlotte's Web to act more quickly on various potential opportunities it may identify.\" \nThe base shelf prospectus allows the Company and certain of its security holders to qualify the distribution by way of prospectus in Canada of up to $500,000,000 of common shares, preferred shares, warrants, subscription receipts, units, or any combination thereof, during the 25-month period that the base shelf prospectus is effective. The specific terms of any offering under the base shelf prospectus will be established in a prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities may be used by the Company for general corporate purposes, including funding ongoing operations and/or working capital requirements, for capital projects and potential future acquisitions, including in relation to international expansion.\nA copy of the final short form base shelf prospectus can be found on SEDAR at www.sedar.com. \nThis press release doe...