8 unchanged sentences
*As of June 1, 2021, the Company executed a sublease agreement to cover its obligations concerning the 1600 Pearl Street property.
+Added: Additionally, as of September 1, 2024, the Company executed a sublease agreement to cover a portion of its obligations concerning 1801 California Street property.
Facilities Overview
−Removed: As at the date hereof, the Company operates several Colorado-based facilities to house administrative work, processing, R&D, distribution, horticulture, breeding and greenhouse space.
+Added: The Company operates several Colorado-based facilities to house administrative work, processing, R&D, distribution, horticulture, breeding and greenhouse space.
In 2019, the Company leased a 136,610-square-foot industrial building located at 700 Tech Court in the Colorado Technology Center in Louisville, Colorado.
−Removed: This new cGMP facility, the LOFT, enables the Company for production, distribution, quality control and R&D expansion.
+Added: This cGMP facility, the LOFT, enables the Company for production, distribution, quality control and R&D expansion.
This facility was used for supply chain activities commencing in the second quarter of 2020 and manufacturing and operations commencing in the third quarter of 2020.
14 unchanged sentences
The foregoing description is qualified in its entirety by reference to the First Amendment to the1801 California Sublease.
+Added: On May 24, 2024, Charlotte’s Web, Inc.
+Added: and Bachus & Schanker, LLC (“B&S”).
+Added: entered into a sublease agreement whereby Charlotte’s Web, Inc.
+Added: agreed to sublease to B&S, as subtenant, the entirety of the rentable square feet under the 1801 California Sublease.
+Added: The B&S Sublease Agreement average monthly installment for the term of the lease is $31,289.
+Added: The foregoing description is qualified in its entirety by reference to the B&S Sublease Agreement.
1600 Pearl Street
9 unchanged sentences
The foregoing description is qualified in its entirety by reference to the Outside Interactive Sublease Agreement.
−Removed: * * * * * * *
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.