|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX: CWEB) (OTCQX: CWBHF), the company behind the world's most trusted hemp extract, and Abacus Health Products, Inc. ("Abacus") (CSE: ABCS) (OTCQB: ABAHF), a leader in over-the-counter topical products combining active pharmaceutical ingredients with hemp extract, are pleased to announce that they have completed the previously-announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, Charlotte's Web acquired all the issued and outstanding subordinate voting shares of Abacus (the "Abacus Shares"). All the outstanding proportionate voting shares of Abacus were converted into Abacus Shares prior to closing of the Arrangement. Pursuant to the Arrangement, holders of Abacus Shares received 0.85 (the "Exchange Ratio") of a common share of Charlotte's Web for each Abacus Share held at the time of closing.
Abacus Health Products Inc. receives final court order approving its acquisition by Charlotte's Web Holdings Inc.
Abacus Health Products Inc. shareholders approve the company's acquisition by Charlotte's Web Holdings Inc.