trending Market Intelligence /marketintelligence/en/news-insights/trending/crgtfooigklbkdbsijn9za2 content esgSubNav
In This List

Charlotte's Web completes C$5.6M private placement

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery

Blog

EV impact; vaccines to boost job market; coal supply constraints


Charlotte's Web completes C$5.6M private placement

Boulder, Colo.-based Charlotte's Web Holdings Inc. completed the sale of 802,246 common shares at C$7 apiece in a private placement.

The company, which develops and sells cannabidiol products, generated total proceeds of C$5.6 million.

Charlotte's Web plans to use the proceeds for the expansion of its production capacity, for cultivation infrastructure, and for research and development. Part of the proceeds will also be used for international expansion, working capital, marketing and general corporate purposes.