DENVER,
March 7, 2022 /CNW/ -
(TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc.
("Charlotte's Web" or the "Company"), the market leader in
cannabidiol (CBD) hemp extract wellness products, will report 2021
fourth quarter and year-end financial results the morning of
March 24, 2022. A conference call to
discuss the results is scheduled for the same day at 8:30 a.m. Eastern Time.
Charlotte's Web Chief Executive Officer, Jacques Tortoroli and Chief Financial Officer,
Wes Booysen, will lead the
conference call followed by a question-and-answer segment with the
Company's analysts. To participate in the call, please dial
1-416-764-8659 approximately 10 minutes before the conference
call.
Earnings Call Replay
A recording of the call will be available through March 31, 2022. To listen to a replay of
the earnings call please dial 1-416-764-8677 and provide conference
ID 231528. A webcast of the call will also be accessible through
the investor relations section of the Company's
website.
Subscribe to Charlotte's Web investor news.
About Charlotte's Web Holdings, Inc.
Charlotte's Web
Holdings, Inc., a Certified B Corporation headquartered in
Denver, is the market leader in
innovative hemp extract wellness products under a family of brands
which includes Charlotte's Web™, CBD Medic™, CBD Clinic™, and
Harmony Hemp™. Charlotte's Web branded premium quality products
start with proprietary hemp genetics that are 100-percent American
farm grown and manufactured into hemp
extracts containing naturally
occurring phytocannabinoids including cannabidiol
("CBD"), CBC, CBG, terpenes, flavonoids, and other
beneficial hemp compounds. The Company's CW Labs R&D
division, advances hemp science at two centers of excellence in
Louisville, Colorado, and the
Hauptmann Woodward Research Institute at the University at Buffalo, part of the State University of New York (SUNY) network. Charlotte's Web product categories
include full-spectrum hemp CBD oil tinctures (liquid products), CBD
gummies (sleep, stress, exercise recovery), CBD capsules, CBD
topical creams and lotions, as well as CBD pet products for
dogs. Through its vertically integrated business model,
Charlotte's Web maintains stringent control over product quality
and consistency. Charlotte's Web products are distributed to more
than 14,000 retail, over 8,000 health care practitioners, and
online through the Company's website at www.CharlottesWeb.com.
Charlotte's Web is a science-driven and a socially and
environmentally conscious company. It is committed to using
business as a force for good and a catalyst for innovation.
Charlotte's Web donates a portion of its pre-tax earnings to
numerous charitable organizations in support of the greater
good.
Forward-Looking Information
Certain information in this news release constitutes
forward-looking statements and forward-looking information
(collectively, "forward-looking information"). In some cases, but
not necessarily in all cases, forward looking information can be
identified by the use of forward-looking terminology such as
"plans", "targets", "expects" or "does not expect", "is expected",
"an opportunity exists", "is positioned", "estimates", "intends",
"assumes", "anticipates" or "does not anticipate" or "believes", or
variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might", "will"
or "will be taken", "occur" or "be achieved". In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances contain
forward-looking information. Specifically, this news release
contains forward-looking information relating to the Company's
expansion activities and growth strategy; the Company's
expectations regarding future cash flow and its financial position;
the results of cost saving efforts; the impact and results of the
Company's reorganization; market share expectations; and impacts of
regulatory changes.
Statements containing forward-looking information are not
historical facts but instead represent management's current
expectations, estimates and projections regarding the future of
our business, future plans, strategies, projections, anticipated
events and trends, the economy and other future conditions.
Forward-looking information is necessarily based on a number of
opinions, assumptions and estimates that, while considered
reasonable by the Company as of the date of this news release, are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Important
factors that could cause actual results and financial condition to
differ materially from those indicated in the forward-looking
information include, among others, the factors discussed throughout
the "Risk Factors" section of the Company's most recently filed
annual information form available on www.SEDAR.com and in the
Company's most recently filed Form 10, as amended, and other
filings with the Securities and Exchange Commission available on
www.SEC.com. Except as required by applicable securities laws, the
Company undertakes no obligation to publicly update any
forward-looking information, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Charlotte's Web Holdings, Inc.
THE WORLD'S MOST TRUSTED HEMP EXTRACT™
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SOURCE Charlotte's Web Holdings, Inc.