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Charlotte’s Web unit Charlotte’s Web Inc enters $1.58 million convertible note with DeFloria JV

PUBT·08/20/2026 20:21:55
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Charlotte’s Web unit Charlotte’s Web Inc enters $1.58 million convertible note with DeFloria JV
  • Charlotte’s Web’s wholly owned unit CW entered a Convertible Promissory Note with DeFloria, effective Aug. 14, 2026.
  • Note principal totals USD 1.58 million, replacing a July 15, 2025 note with USD 750,000 principal.
  • Interest starts at 11.25%, resets quarterly, capped at 14%.
  • Automatic conversion on a qualified preferred-stock financing of at least USD 10 million, using an 80% price discount or USD 146 million cap.
  • Prepayment requires majority-holder consent; deemed liquidation can trigger accelerated repayment with a 20% premium unless CW elects conversion.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charlotte's Web Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001750155-26-000119), on August 20, 2026, and is solely responsible for the information contained therein.