DENVER, June 16, 2023 /CNW/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte‘s Web” or the “Company“) is delighted to reveal the arise from its 2023 yearly basic conference of Company investors (the “Shareholders“) hung on June 15, 2023 by means of live audio webcast (the “Meeting“).
At the Meeting, each of the incumbent directors were appropriately re-elected as directors of the Company and all other products, as detailed in the Company’s Proxy Statement dated April 28, 2023, were likewise authorized.
Given that specific of the directors received less than bulk assistance at the Meeting, each such director has actually abided by the Company’s bulk ballot policy (the “Majority Voting Policy“) and has actually offered a deal to resign from the Board (the “Offers“) to the Board. The Board will, in accordance with the Majority Voting Policy, make a decision in due course on whether to accept any Offers. A more update will be offered immediately following the Board’s decision. A copy of the Majority Voting Policy is available on the Company’s website at www.charlottesweb.com.
The outcomes of the elect the election of directors to the board of directors of the Company (the “Board“) were as follows:
|
Nominee |
# Votes For |
% Votes For |
# Votes Withheld |
% Votes Withheld |
||||
|
Jonathan Atwood |
59,504,185 |
97.7 % |
1,380,788 |
2.3 % |
||||
|
John Held |
20,028,855 |
32.9 % |
40,856,118 |
67.1 % |
||||
|
Thomas Lardieri |
20,037,933 |
32.9 % |
40,847,040 |
67.1 % |
||||
|
Alicia Morga |
20,075,843 |
33.0 % |
40,809,130 |
67.0 % |
||||
|
Jacques Tortoroli |
20,216,364 |
33.2 % |
40,668,609 |
66.8 % |
||||
|
Susan Vogt |
59,433,399 |
97.6 % |
1,451,574 |
2.4 % |
Detailed outcomes of the matters thought about at the Meeting are reported in the Report of Voting Results as submitted on the Company’s SEDAR profile at www.sedar.com.
About Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc., a Certified B Corporation headquartered in Denver, is the marketplace leader in ingenious hemp extract health items under a family of brand names that consists of Charlotte’s WebTM, CBD MedicTM, and CBD ClinicTM. Charlotte’s Web whole-plant CBD extracts can be found in full-spectrum and broad-spectrum choices, consisting of ReCreateTM by Charlotte’s Web, the world’s just broad-spectrum CBD accredited NSF for Sport®, which is the main CBD of Major League Baseball©. Charlotte’s Web top quality exceptional quality items start with exclusive hemp genes that are American farm-grown utilizing natural and regenerative growing practices. The Company’s hemp extracts have naturally happening botanical substances consisting of cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and other useful substances. The Company’s CW Labs R&D department advances hemp science at a center of quality in Louisville, Colorado. Charlotte’s Web item classifications consist of CBD oil casts (liquid items) CBD gummies (sleep, tension, workout healing), CBD pills, CBD topical creams and creams, in addition to CBD animal items for dogs. Through its considerably vertically incorporated business design, Charlotte’s Web preserves strict control over item quality and consistency with 20+ item lot screening for quality control. Charlotte’s Web items are dispersed to sellers and healthcare professionals throughout the U.S.A, and online through the Company’s website at www.charlottesweb.com.
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Forward-Looking Information
Certain details in this press release makes up positive declarations and positive details within the significance of appropriate securities laws (jointly, “positive details”). In some cases, however not always in all cases, forward looking details can be recognized by the usage of positive terms such as “strategies”, “targets”, “anticipates” or “does not anticipate”, “is anticipated”, “a chance exists”, “is placed”, “quotes”, “plans”, “presumes”, “expects” or “does not prepare for” or “thinks”, or variations of such words and expressions or state that specific actions, occasions or outcomes “might”, “might”, “would”, “may”, “will” or “will be taken”, “take place” or “be accomplished”. In addition, any declarations that describe expectations, forecasts or other characterizations of future occasions or scenarios include positive details.
Statements consisting of positive details are not historic truths, however rather represent management’s present expectations, quotes and forecasts concerning the future of our business, future strategies, techniques, forecasts, expected occasions and patterns, the economy and other future conditions. Forward-looking details is always based upon a variety of viewpoints, presumptions and quotes that, while thought about affordable by the Company since the date of this press release, undergo recognized and unidentified threats, unpredictabilities, presumptions and other aspects that might trigger the real outcomes, level of activity, efficiency or accomplishments to be materially various from those revealed or suggested by such declarations consisting of positive details. Although these declarations consisting of positive details are based upon presumptions the Company thinks about to be affordable based upon the details available on the date such declarations are made, such declarations are not warranties of future efficiency and readers are warned versus putting unnecessary dependence on positive details.
The product aspects and presumptions utilized to establish the positive details herein consist of, however are not restricted to, worldwide and political factors to consider; regulative modifications; and the aspects talked about throughout the “Risk Factors” area of the Company’s most just recently submitted yearly details form available on www.SEDAR.com and in the Company’s most just recently submitted Annual Report on Form 10-K and quarterly report on Form 10-Q as changed, and other filings with the Securities and Exchange Commission available on www.SEC.gov. Except as needed by appropriate securities laws, the Company carries out no responsibility to openly update any positive details, whether composed or oral, that might be made from time to time, whether as an outcome of brand-new details, future advancements or otherwise.
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SOURCE Charlotte’s Web Holdings, Inc.
