/FOR DISSEMINATION IN CANADA AND OVER CANADIAN NEWS SERVICES ONLY/

TORONTO, Sept. 6, 2018 /CNW/ - Corriente Master Fund II, LP announced today it has acquired on September 4, 2018, 700,000 common shares at an average price of C$11.45 per share (the "Common Shares") in the capital of Charlotte's Web Holdings, Inc. (the "Issuer") through acquisitions on the Canadian Securities Exchange (the "CSE"). Prior to this acquisition, Corriente Master Fund II, LP owned an aggregate amount of 1,449,700 Common Shares of the Issuer, representing approximately 8.41% of the total outstanding Common Shares in the capital of the Issuer and approximately 1.56% of the total voting rights of the Issuer. Post this acquisition, Corriente Master Fund II, LP (as of September 4, 2018) owns an aggregate amount of 2,149,700 Common Shares of the Issuer, representing approximately 12.46% of the total outstanding Common Shares in the capital of the Issuer and approximately 2.32% of the total voting rights of the Issuer. Corriente Advisors, LLC is the investment manager of Corriente Master Fund II, LP. Corriente Master Fund II, LP has 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".

Corriente Master Fund II, LP registered address is located at Cayman Islands at Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands. For further information, please contact Matthew Gilman at Corriente Advisors, LLC at (817) 870-0404. Corriente Advisors, LLC is located at 1401 Foch Street, Suite 100, Fort Worth, Texas 76107. The Issuer's head office is located at 2425 - 55th Street, Suite 200, Boulder, CO 80301.

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

For further information: Matthew Gilman at Corriente Advisors, LLC at (817) 870-0404. Corriente Advisors, LLC is located at 1401 Foch Street, Suite 100, Fort Worth, Texas 76107. The Issuer's head office is located at 2425 - 55th Street, Suite 200, Boulder, CO 80301