Cannabis IPO Watch CA and US

[JohnCM]

CHARLOTTE’S WEB HOLDINGS, INC.

From a July 13 amendment.

Common Shares

This prospectus qualifies the distribution (the ‘‘Offering’’) of an aggregate of common shares in the capital of Charlotte’s Web Holdings, Inc. (‘‘Common Shares’’) at a price of C$ per Common Share (the ‘‘Offering Price’’). It is anticipated that the Offering Price will be between C$6.00 and C$7.00 per Common Share. Charlotte’s Web Holdings, Inc. (the ‘‘Company’’, ‘‘we’’, ‘‘our’’, ‘‘us’’) intends to use the net proceeds of the Offering as described in this prospectus. See ‘‘Use of Proceeds’’. The Common Shares are being offered for sale by Canaccord Genuity Corp. (the ‘‘Lead Underwriter’’), as lead underwriter, GMP Securities L.P., PI Financial Corporation, and Cormark Securities Inc. (collectively, the ‘‘Underwriters’’). If the Over-Allotment Option (as defined below) is exercised in full, an additional Common Shares will be offered by the Selling Shareholders (as defined below). The Common Shares issued pursuant to the Offering, including those which may be sold pursuant to the Over-Allotment Option, are collectively referred to herein as the ‘‘Offered Shares’’.