|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|
BOULDER, Colo. , June 11, 2020 /CNW/ - Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (CWEB.TO) (CWBHF), the company behind the world's most trusted hemp extract, and Abacus Health Products, Inc. ("Abacus") (ABCS.CN) (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.
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.