Warrant Expiration & Delisting June 20, 2022

As disclosed by the Toronto Stock Exchange on June 6, 2022, Charlotte’s Web warrants trading on the Toronto Stock Exchange under the symbol “CWEB.WR” will expire at 5:00 p.m. (Toronto time) on June 20, 2022. Trading of these warrants will be halted by IIROC at 12:00 p.m. on June 20, 2022, pending delisting from the Toronto Stock Exchange. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Trades in the warrants on June 16, 2022, will settle on June 17, 2022, trades on June 17, 2022, will settle on June 20, 2022, and trades from the open to 12 p.m. Toronto time on June 20, 2022, will settle on the same day.

The Warrants were originally listed in as part of a public offering completed on June 18, 2020

The delisting of the expiring CWEB.WR warrants does not impact the business or the continued listing of Charlotte’s Web common shares that trade on the Toronto Stock Exchange under the trading symbol "CWEB", and quoted on the OTCQX in US dollars under the symbol "CWBHF."