Charlotte's Web shareholders approve BAT convertible debenture amendment and equity investment

Charlotte's Web Holdings shareholders voted to approve an amendment to its C$75.3 million convertible debenture held by British American Tobacco and a concurrent equity investment, with 94% voting in favor. The transaction will result in BAT receiving 109.9 million common shares representing 40.6% ownership and is expected to close May 28, 2026, strengthening the company's balance sheet and capital structure.