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New Deal


Announced

Completed

British American Tobacco completed the $57m investment in Charlotte's Web.

Financials

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Transaction Value£48m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Public

Minority

Farming Fishing Ranching and Plantations

Single Bidder

United States

Cross Border

Acquisition

cannabis products

Completed

Synopsis

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British American Tobacco, a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products, completed the $57m investment in Charlotte's Web, a provider of innovative hemp extract wellness products. "This Investment will provide Charlotte's Web with funding that we anticipate will help unlock deeper and broader research and development that is key to our continued innovation, global footprint, and the advancement of our intellectual property portfolio," Jacques Tortoroli, Charlotte's Web CEO.

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