Charlotte’s Web eyes marijuana market
BOULDER — Charlotte’s Web Holdings Inc. (OTCQX: CWBHF), a CBD product maker, is poised to enter the marijuana market as the company positions itself to acquire a manufacturer of THC-infused products.
The firm has inked a five-year, $8-million purchase agreement option with Stanley Brothers USA Holdings Inc. that allows CW to take over Stanley Brothers after certain “triggering events” such as the federal legalization of cannabis in the United States for a total price to be determined based upon revenue and EBITDA figures.
“Consumer attitudes, market trends, and laws surrounding cannabis and its role within the wellness category continue to trend positively.…
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