30 years experience growing natural products
CPG businesses through board and executive leadership
positions
LOUISVILLE, Colo., Oct. 12,
2023 /PRNewswire/ - Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX: CWEB)
(OTCQX: CWBHF), the market leader in hemp CBD extract products, is
pleased to announce the appointment of Angela McElwee to its Board of Directors.
Angela McElwee is a seasoned
executive with expertise in building businesses and brands within
the natural products industry. For more than 30 years she has held
leadership positions with wellness-centric consumer packaged goods
("CPG") organizations.
From April 2008 to January 2021, she was an executive at Gaia Herbs,
Inc. ("Gaia"), where she also served on the Board of Directors from
2013-2021. Gaia Herbs is an award-winning natural herbal products
brand offering more than 200 quality herbal products in
North America. From 2016-2021 she
served as President and Chief Executive Officer of Gaia, delivering
catalytic growth on both the top and bottom line, as well as
leading the conversion to a B Corporation. Her tenure as CEO led to
her being named as one of RealLeaders 100 Women in Impact, as well
as to the prestigious Inc. Best of Business list in 2020 for
inspiration and innovation.
Prior to her tenure at Gaia, she led the US sales organization
at Nature's Way Products, LLC. She currently serves on the Board of
Directors of Cyanotech Inc. a Nasdaq-listed company, where she
serves on the Audit Committee. Other board roles include venture
capital backed businesses, including Reunion Foods Inc., and Nuts
for Cheese Inc., as well as the non-profit Naturally Network. As an
advisor and board member, Angela excels at helping brands, teams
and individuals stretch, grow and succeed in times of rapid change
and growth. Ms. McElwee's deep experience in the natural products
and CPG industry gives her a unique insight into Charlotte's Web's business and the competitive
landscape. She holds a B.S. in Biology from Miami University.
"Angela has an excellent track record of profitably scaling
vertically integrated brands with effective go-to-market strategies
and channel management," said John
Held, Chairman of Charlotte's Web. "She also brings extensive
knowledge in marketing mission driven companies as a force for
good, both through executive leadership and board seats."
Ms. McElwee will serve on the Compensation Committee of the
Board.
About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc.,
a Certified B Corporation headquartered in Louisville, Colorado, is the market leader in
innovative hemp extract wellness products under a family of brands
that includes Charlotte's Web™,
ReCreate™, CBD Medic™, and CBD Clinic™. Charlotte's Web whole-plant CBD extracts come
in full-spectrum and broad-spectrum options, including ReCreate™ by
Charlotte's Web, broad-spectrum
CBD certified NSF for Sport®. ReCreate is the official CBD of Major
League Baseball©, Angel City Football Club and the Premier Lacrosse
League. Charlotte's Web branded
premium quality products start with proprietary hemp genetics that
are North American farm-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.
Charlotte's Web product categories
include CBD oil tinctures (liquid products) CBD gummies (sleep,
calming, exercise recovery, immunity), CBD capsules, CBD topical
creams and lotions, as well as CBD pet products for dogs.
Through its substantially vertically integrated business model,
Charlotte's Web maintains
stringent control over product quality and consistency with
analytic testing from soil to shelf for quality assurance.
Charlotte's Web products are
distributed to retailers and health care practitioners throughout
the U.S.A, and online through the
Company's website at www.charlottesweb.com.
Shares of Charlotte's Web trade
on the Toronto Stock Exchange (TSX) under the symbol "CWEB" and are
quoted in U.S. Dollars in the United
States on the OTCQX under the symbol "CWBHF".
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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.