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Exhibit 5.1
OPINION AND CONSENT OF DISCLOSURE LAW GROUP
January
15, 2021
Charlie’s
Holdings, Inc.
1007
Brioso Drive
Costa
Mesa, CA 92627
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Re:
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Registration
Statement on Form S-8 for Charlie’s Holdings,
Inc.
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Ladies
and Gentlemen:
We have acted
as counsel to Charlie’s Holdings, Inc., a Nevada corporation,
formerly True Drinks Holdings, Inc. (the “Company”), in connection with the preparation of a
Registration Statement on Form S-8 (the “Registration
Statement”) under the
Securities Act of 1933, as amended (the “Act”). The Registration Statement relates to
the registration of an aggregate of 1,207,254,205
shares (the “Plan Shares”) of the Company’s common stock, par
value $0.001 per share, which Plan Shares consists of (i)
100,000,000 shares of Common Stock issuable under the
Company’s 2013 Stock Incentive Plan and (ii) 1,107,254,205 of
Common Stock issuable under the Company’s 2019 Omnibus Equity
Incentive Plan (together with the 2013 Stock Incentive Plan, the
“Plans”).
We have
examined copies of such corporate records and made such inquiries
as we have deemed necessary for purposes of rendering the opinion
set forth below.
Based
upon the foregoing, we are of the opinion that the Plan Shares have
been duly authorized and, when and to the extent issued in
accordance with the terms of the Plans and, with respect to the
Plan Shares, when and to the extent issued in accordance with the
terms of any award agreement entered into under the Plans, the
Plan Shares will be validly issued, fully paid and
nonassessable.
In
rendering the opinion set forth above, we express no opinion as to
the laws of any jurisdiction other than the Nevada Revised Statutes
and the federal laws of the United States of America.
We
hereby consent to the use of this opinion as Exhibit 5.1 to the
Registration Statement. In giving such consent, we do not hereby
admit that we are acting within the category of persons whose
consent is required under Section 7 of the Act or the rules or
regulations of the U.S. Securities and Exchange Commission
thereunder.
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Very
truly yours,
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/s/ Disclosure Law
Group
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Disclosure
Law Group, a Professional Corporation
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