An anonymous representative of OTC Markets Group reports

OTC MARKETS GROUP WELCOMES CHARLOTTE'S WEB HOLDINGS INC. TO OTCQX

Charlotte's Web Holdings Inc. has qualified to trade on the OTCQX Best Market. Charlotte's Web Holdings upgraded to OTCQX from the OTCQB Venture Market.

Charlotte's Web Holdings begins trading today on OTCQX under the symbol CWBHF. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website.

The OTCQX market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance and demonstrate compliance with applicable securities laws. Graduating to the OTCQX market from the OTCQB market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

About Charlotte's Web Holdings Inc.

Charlotte's Web Holdings, a certified B Corp. headquartered in Louisville, Colo., is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte's Web whole-plant, full-spectrum CBD cannabidiol) extracts as well as broad-spectrum CBD and cannabinoid isolates. The company's hemp extracts have naturally occurring botanical compounds, including CBD, CBN, CBC (cannabichromene), CBG (cannabigerol), THC (tetrahydrocannabinol), terpenes, flavonoids and other beneficial compounds. Charlotte's Web-branded premium-quality products start with proprietary hemp genetics that are North American farm grown using organic and regenerative cultivation practices. Through its substantially vertically integrated business model, Charlotte's Web maintains stringent control over product quality and consistency with analytic testing from soil to shelf for quality assurance. Charlotte's Web products are distributed to retailers and health care practitioners throughout the United States and on-line through the company's website. The company's shares are trading on the Toronto Stock Exchange under CWEB and the OTCQX under CWBHF.