Charlotte's Web (CWBHF) AGM 2026 summary

Opening remarks and agenda

• Meeting commenced virtually with introductions of board members and senior officers present.

• Voting procedures and meeting protocols were outlined, including use of the virtual platform and proxy voting.

Board and executive committee updates

• Board size fixed at six directors for the ensuing year, with nominations and elections conducted.

• Six directors were nominated and elected to serve until the next AGM or until successors are appointed.

• Appointment of PKF O'Connor Davies, LLP as auditor was approved, with remuneration to be fixed by the board.

Shareholder proposals

• Approval sought and obtained for amendment of a CAD 75.3M convertible debenture held by BT DE Investments (British American Tobacco subsidiary), including issuance of common shares and a concurrent equity investment.

• Transaction results in a new controlled person and issuance of over 25% of outstanding shares.