Line of Credit with
"Having alternative capital options in place such as a credit line with a leading bank is useful as we grow our business and invest in our infrastructure," said
Separately, Charlotte's Web also intends to put in place an "at-the-market" (ATM) equity distribution program, a cost-effective capital access and liquidity tool. The Company views this as a prudent measure to have in place along with the line of credit but has no immediate intentions to utilize either the ATM or line of credit.
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Forward-Looking Information
Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, "forward-looking information"). Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the public documents of the Company available at www.sedar.com.
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