Warrant Expiration & Delisting May 9, 2022

As disclosed by the Toronto Stock Exchange on April 22, 2022, Charlotte’s Web warrants trading on the Toronto Stock Exchange under the symbol “CWEB.WS” will expire at 5:00 p.m. (Toronto time) on May 9, 2022. Trading of these warrants will be halted by IIROC at 12:00 p.m. on May 9, 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 The Warrants were originally listed by Abacus Health Products on May 8, 2019 and inherited by Charlotte’s Web through the acquisition of Abacus on June 11, 2020. The delisting of the expired CWEB.WS 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.