British American Tobacco Deepens Charlotte’s Web Bet in $75 Million CBD Deal
British American Tobacco plans to raise its stake in Charlotte’s Web to about 40% by converting a C$75.3 million debenture and adding $10 million in cash, according to U.S. filings. The deal would erase $65 million of Charlotte’s Web debt and give BAT two board seats if approved by shareholders and the Toronto Stock Exchange. Charlotte’s Web posted a $29.8 million net loss before tax in 2025.