Charlotte?s Web Holdings, Inc. announced that Jared Stanley, its Chief Commercial Officer, will leave the employment of the Company effective June 13, 2024. Mr. Stanley will continue as a consultant for the Company pursuant to a certain Consulting Agreement dated June 13, 2024. Under this Consulting Agreement, Mr. Stanley will receive a bi-weekly payment of $5,769.23, plus reimbursement of reasonable expenses.

. Stanley?s decision to end his employment with the Company does not relate to any disagreement with the Company, its management or the board of directors on any matter relating to the Company?s operations, policies or practices, including with respect to the Company?s accounting principles, practices or financial statement disclosures.