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US (CO): Charlotte's Web to file business acquisition report

Charlotte's Web Holdings will be relying on the temporary 45-day extension to the filing deadline granted by the Ontario Securities Commission in response to COVID-19 pursuant to Ontario Instrument 51-505 ("OI 51-505") - Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020, and similar extension periods provided for by the Canadian Securities Administrators in the other provinces of Canada, for filing of a business acquisition report ("BAR"), which would otherwise be due August 25, 2020. The BAR relates to the Company's acquisition of all of the issued and outstanding shares of Abacus Health Products, Inc., which closed on June 11, 2020. Circumstances related to the COVID-19 pandemic have resulted in the Company requiring additional time to complete the BAR filing. The Company expects to file the BAR in September.

Similarly, the Company has previously announced that it will rely on OI-51-505 to will report its second quarter results on September 14, 2020 before the open of trading on the Toronto Stock Exchange. A conference call to discuss the results is scheduled for the same day at 8:30 a.m. Eastern Time.

Charlotte's Web CEO Deanie Elsner, CFO Russ Hammer and Director of Investor Relations Cory Pala, will host the conference call, followed by a question and answer period. To participate in the call, please dial 1-647-427-7450 or 1-888-231-8191 approximately 10 minutes before the conference call. 

Earnings Call Replay
A recording of the call will be available through September 24, 2020.  To listen to a replay of the earnings call please dial 1-416-849-0833 and provide conference ID 4570749. A webcast of the call will also be accessible through the investor relations section of the Charlotte's Web website.   

The Company confirms that there have been no material business developments since the Company's news release dated August 10, 2020.

For more information:
Charlotte's Web Holdings
charlottesweb.com      


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