Charlotte's Web Holdings: Up on deal with Stanley Brothers USA

Charlotte's Web Holdings

03/03/2021 16:17

** Shares of medical cannabis co  CWEB.TO  up 1.5% at C$6.2
in early trading
    ** Company enters into an option purchase agreement with
Stanley Brothers USA Holdings Inc to enter U.S. cannabis
wellness market  urn:newsml:reuters.com:*:nCNWYKgfXa
    ** The option with Stanley Brothers USA shareholders, which
is extendable to seven years upon payment of additional
consideration, was bought by CWEB for $8 million in cash
    ** Stock is up 46% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))