British American Tobacco (BAT) has invested nearly $57m in Charlotte’s Web, as the Colorado, US-based CBD maker keeps broadening the spectrum of its partnerships.
BAT invested $56.8m in the form of a debenture, which is convertible at the tobacco company’s discretion into a non-controlling equity stake of around 19.9% into the US seller of hemp-based wellness products.
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“ Tobacco giant invests $57m as Charlotte’s Web continues to spin its net wider ”
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“ Tobacco giant invests $57m as Charlotte’s Web continues to spin its net wider ”
British American Tobacco (BAT) has invested nearly $57m in Charlotte’s Web, as the Colorado, US-based CBD maker keeps broadening the spectrum of its partnerships.
BAT invested $56.8m in the form of a debenture, which is convertible at the tobacco company’s discretion into a non-controlling equity stake of around 19.9% into the US seller of hemp-based wellness products.
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