Corriente Master Fund II, LP increases ownership in Charlotte's Web Holdings, Inc.
/For dissemination in Canada and over Canadian news services only/
TORONTO, Oct. 31, 2018 /CNW/ - Corriente Master Fund II, LP ("Corriente") announced that effective October 29, 2018 it has increased its ownership in the capital of Charlotte's Web Holdings, Inc. (the "Issuer") by another 2% through acquisitions on the Canadian Securities Exchange (the "CSE").
Together with the 2,149,700 common shares of the Issuer previously owned by Corriente, which represented approximately 12.46% of the then issued and outstanding common shares of the Issuer and approximately 2.32% of the then total voting rights of the Issuer, Corriente now owns and controls a total of 2,592,500 common shares of the Issuer, or approximately 15.03% of the issued and outstanding common shares of the Issuer and approximately 2.79% of the total voting rights of the Issuer. Corriente Advisors, LLC is the investment manager of Corriente. Corriente acquired the common shares for investment purposes, and may acquire further common shares or dispose of its holdings of the common shares, as investment conditions warrant. The Issuer is listed on the CSE under the symbol "CWEB".
The dissemination of this release in the United States or to any United States news service may constitute a violation of U.S. securities laws.
SOURCE Corriente Master Funds II, LP
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please contact Matthew Gilman at (817) 870-0404.
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