Charlotte’s Web Holdings files two Form Ds in relation to IPO

BOULDER and BRITISH COLUMBIA — Charlotte’s Web Holdings Inc. filed two Form Ds in relation to their Canadian IPO.

The CBD company, which started in Boulder, filed one Form D with the U.S. Securities and Exchange Commission for a little more than $418 million and the second for about $4.2 million.

The first, CFO Richard Mohr told BizWest, is related to a merger agreement of a Colorado corporation into a Delaware corporation. The new entity is Charlotte’s Web Inc. a wholly owned subsidiary of Charlotte’s Web Holding Inc., the publicly traded British Columbia entity.

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The second filing is for a private placement in the United States, as U.S.-based investors could not participate in the Canadian IPO. Mohr said 22 shareholders together raised $4.2 million in the private placement.

Mohr added that Charlotte’s Web will be continuing its presence in Boulder.

He said on Aug. 30, the company completed its IPO of more than $115 million (Canadian). It can be found on the Canadian Securities Exchange under the ticker CWEB.