Charlotte's Web Appoints Jeff Raborn to Board of Directors

About this update from Charlotte's Web Holdings, Inc.

Veteran Legal and Regulatory Executive Brings More Than 25 Years of Experience Across Private Practice and Highly Regulated Consumer Industries Louisville, Colorado--(Newsfile Corp. - June 1, 2026) - Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) (Charlotte's Web or the Company), a botanical wellness innovation company and a market leader in hemp extract wellness, is pleased to announce the appointment of Jeff Raborn to its Board of Directors, effective May 28, 2026. Mr. Raborn has been designated to the Board by BT DE Investments Inc. ("BAT"), a subsidiary of British American Tobacco p.l.c. (LSE: BATS) (NYSE: BTI), in connection with the Company's previously announced transaction with BAT that closed on May 28, 2026 (the "Transaction"). Mr. Raborn has served since March 2018 as Executive Vice President, Law & External Affairs and General Counsel of Reynolds American, Inc., a subsidiary of British American Tobacco p.l.c., where he oversees the company's legal, regulatory, and external affairs functions. He joined Reynolds American in 2004 and, prior to assuming his current role, served as Senior Vice President, Litigation and Regulatory, and Deputy General Counsel within the RAI Group. Mr. Raborn also previously served as Chairman of the Reynolds American Foundation. Prior to joining Reynolds, Mr. Raborn practiced law in New Orleans and Baton Rouge, representing clients including Ford, Hyundai, Toyota, Kia, Black & Decker, Exxon, and Shell in product and premises liability matters. He also represented Exxon, Texaco, Shell, and Chevron before the Louisiana Public Service Commission. Mr. Raborn earned a bachelor's degree in history and a Juris Doctor from Louisiana State University. "Jeff’s extensive legal, regulatory, and governance experience across highly regulated consumer industries brings valuable insight to the Board as we navigate an increasingly dynamic  regulatory environment. His appointment also further strengthens our  strategic relationship with BAT and reflects our shared commitment to supporting the Company’s long-term growth and success following the completion of the Transaction," said Angela McElwee, Chair of Charlotte’s Web. "I am honored to join the Board at a significant moment in the Company's evolution, and I look forward to contributing to C...

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