# Charlotte's Web Holdings, Inc. (CWBHF) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_c2d6419ba244e3abf3f1 · retrieved 2026-08-16T21:18:15.913Z

## Overview
Charlotte's Web Holdings, Inc. is a botanical wellness innovation company and market leader in hemp extract wellness products, offering full-spectrum CBD extracts, broad-spectrum CBD, cannabinoid isolates, and related wellness products including tinctures, gummies, capsules, topicals, and pet products.

On May 28, 2026, Charlotte's Web completed a recapitalization transaction with BT DE Investments Inc. (BAT), a subsidiary of British American Tobacco p.l.c. BAT's C$75.3 million convertible debenture, together with all accrued interest, was converted into common shares at a conversion price of C$0.94 per share. Concurrently, BAT completed a $10 million equity investment by private placement. The transaction eliminated the Company's largest balance sheet liability, reduced total liabilities by $57.0 million (approximately 74%), and restored positive shareholders' equity from a deficit of $2.0 million to $56.1 million as of June 30, 2026.

## Terms
- Counterparty: BT DE Investments Inc. (British American Tobacco p.l.c.) · Deal value: $10.0M · Consideration: mixed · Price/share: $0.94

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001750155-26-000116): 8-K - Charlotte's Web Holdings, Inc. — *Charlotte's Web Holdings, Inc. is a botanical wellness innovation company and market leader in hemp extract wellness products, offering full-spectrum CBD extracts, broad-spectrum CBD, cannabinoid isolates, and related wellness products including tinctures, gummies, capsules, topicals, and pet products.* On May 28, 2026, Charlotte's Web completed a recapitalization transaction with BT DE Investments Inc. (BAT), a subsidiary of British American Tobacco p.l.c. BAT's C$75.3 million convertible debenture, together with all accrued interest, was converted into common shares at a conversion price of C$0.94 per share. Concurrently, BAT completed a $10 million equity investment by private placement. The transaction eliminated the Company's largest balance sheet liability, reduced total liabilities by $57.0 million (approximately 74%), and restored positive shareholders' equity from a deficit of $2.0 million to $56.1 million as of June 30, 2026.
  https://www.sec.gov/Archives/edgar/data/1750155/0001750155-26-000116.txt

## Citations
- 0001750155-26-000116 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000175015526000116