DENVER, Nov. 10,
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, is
pleased to announce a new distribution agreement with Stark Foods
International, a distributor of European specialty food and beauty
products to grocery and retail.
Stark Foods distributes some of the world's top food brands with
coast-to-coast U.S. coverage. Using a direct delivery model in the
New York Tri-State area and a nationwide direct to retailer or
sub-distributor, Stark Foods supplies some of America's largest
drug, club, grocery and mass retailers. Additionally, Stark Foods
distributes to specialty independent retail and specialty channels
which are not generally served by mainstream distributors. In
total, Stark Foods reaches nearly 15,000 doors through its
multi-broker network.
"Stark is a well-respected distribution partner with particular
strength in curated European products, where Charlotte's Web has
the opportunity to significantly increase its awareness to new
groups of consumers ," said Jacques
Tortoroli, Chief Executive Officer of Charlotte's Web.
"Initial distribution will focus on making further in-roads to the
high value New York Tri-State area through Stark's top independent
retailers."
"We saw an opportunity to introduce our customers to trusted
wellness products that align with their purchasing habits but
not broadly available in some of our channels," said Stark
Group's Chief Operating Officer, Vasilike
Miksa. "Our decision to add CBD to our offerings, and
specifically Charlotte's Web, is due to the best-in-class
reputation that Charlotte's Web has earned as the CBD pioneer
and market leader. Charlotte's Web, known for quality and brand
strength, will provide our customers and end consumers with natural
wellness solutions to help them better their everyday lives."
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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 that includes Charlotte's Web™, CBD Medic™, and
CBD Clinic™. Charlotte's Web whole-plant CBD extracts come in
full-spectrum and broad-spectrum (THC-free) options, including the
world's only broad-spectrum CBD certified NSF for Sport®, which is
the official CBD of Major League Baseball©. Founded by the seven
Stanley Brothers, ignited the CBD
industry when they came to global prominence with the coverage of a
young girl's astounding reaction to their hemp extract. Their
advocacy changed laws, public perception, and research around the
vast health potential of plant-based solutions. The Stanleys built
their business with the mission to bring safe, botanical options to
health seekers worldwide. Charlotte's Web branded premium quality
products start with proprietary hemp genetics that are American
farm-grown-grown using organic and regenerative cultivation
practices. The Company's hemp extracts have naturally occurring
botanical compounds including cannabidiol ("CBD"), CBC, CBG,
terpenes, flavonoids, and other beneficial compounds. The Company's
CW Labs R&D division advances hemp science at a center of
excellence in Louisville,
Colorado. Charlotte's Web product categories include 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 with 20+ product lot testing for
quality assurance. Charlotte's Web products are distributed to more
than 15,000 retail locations, 8,000 health care practitioners, and
online through the Company's website at
https://www.charlottesweb.com/.
Charlotte's Web's mission is "To unleash the healing powers of
botanicals with compassion and science, benefitting the planet and
all who live upon it."
© Major League Baseball trademarks and copyrights are used with
permission of Major League Baseball. Visit MLB.com.
Forward-Looking
Information
Certain information in this news release constitutes
forward-looking statements and forward-looking information within
the meaning of applicable securities laws (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.
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 statements containing forward-looking
information. Although these statements containing forward-looking
information are based on assumptions the Company considers to be
reasonable based on the information available on the date such
statements are made, such statements are not guarantees of future
performance and readers are cautioned against placing undue
reliance on forward-looking information.
The material factors and assumptions used to develop the
forward-looking information herein include, but are not limited to,
international and political considerations; regulatory changes;
and 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 Annual Report on Form 10-K and quarterly report on
Form 10-Q as amended, and other filings with the Securities and
Exchange Commission available on www.SEC.gov. 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.