The world's best-selling CBD brand is
partnering with a leading British CBD distributor as the UK hemp
extract market continues to grow
DENVER, March 21, 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, has signed an exclusive product distribution
agreement in the United Kingdom
with Savage Cabbage Ltd., one of the oldest and most trusted CBD
companies in the UK, serving an active and loyal customer base of
wellness seekers.
Savage Cabbage is a Member of EIHA (European Industrial Hemp
Association) and has been the official UK distributor of
Charlotte's Web CBD since 2016, in alignment with its three
founding pillars: Quality, Consistency and Reliability. Under the
new agreement, Savage Cabbage will continue to sell a large
portfolio of Charlotte's Web whole-plant, full spectrum products
that contain all the beneficial compounds that exist in the hemp
plant as well as CBD.
Savage Cabbage will be utilizing its extensive network in the UK
to expand the presence of Charlotte's Web as the Novel Foods
regulatory framework continues to progress. Currently operating in
the ecommerce space, the partnership will focus on expanding the
presence of Charlotte's Web in retail distribution channels and on
the high street, with a growing number of notable retailers
starting to include CBD products on their shelves.
Jade Proudman is the founder and
CEO of Savage Cabbage, who credits Charlotte's Web CBD Oil with
"saving her life". She is an influential voice in the UK &
European CBD community, while also being a Global Ambassador of
Charlotte's Web. UK-based CannabisWealth and Cannabis Health News
media recently named Mrs. Proudman as one of top 40 inspirational
women in the cannabis industry.
"As the demand for CBD products continues to rise around the
globe, it is critical that consumers continue to better understand
how CBD products work and the benefits of hemp botanical wellness
through nature. Savage Cabbage has shared similar values as
Charlotte's Web since inception and we are excited to start
expanding our presence in the UK market beyond ecommerce," said
Jacques Tortoroli, CEO of
Charlotte's Web. "We are pleased to extend our relationship with
exclusivity for one of our long-standing international partners. As
the #1 selling CBD brand in the US, the UK is one of the most
exciting international CBD markets and we look forward to building
our presence here."
"I'm delighted to commence the new phase of our long-standing
relationship with Charlotte's Web. We have shared a vision–
providing high quality CBD products to consumers in the UK and
helping people to live better, naturally," said Jade Proudman, Founder and CEO of Savage
Cabbage. "Many consumers are of the belief that all CBD products
are equal. Since 2016, we have seen firsthand the benefits of full
spectrum hemp extract products like Charlotte's Web within our
community. These products offer benefits where many other CBD
isolate products don't, and we will continue to champion greater
consumer choice and access to products that represent the very best
of Mother Nature. As Aristotle once said, 'the whole is greater
than the sum of its parts'."
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About Savage Cabbage Ltd.
A trusted provider of hemp,
health and wellness, Savage Cabbage is one of the oldest CBD
companies in the UK. Savage Cabbage focuses on a highly
curated range of all-natural, full spectrum hemp extract products
containing CBD and an array of other beneficial plant compound to
offer the Entourage Effect, the way nature intended. Savage Cabbage
is focused on a human-centric approach to support consumers on
their self-care journey with industry renowned customer care
services.
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 15,000 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.
Charlotte's Web was founded by the seven Stanley Brothers with a mission to unleash the
healing powers of botanicals through compassion and science,
benefiting the planet and all who live upon it. Charlotte's
Web is a socially and environmentally conscious company and is
committed to using business as a force for good and a catalyst for
innovation. The Company weighs sound business decisions with
consideration for how its efforts affect employees, customers, the
environment, and diverse communities. The rate the Company pays for
agricultural products reflects a fair and sustainable rate driving
higher quality yield, encouraging regenerative farming practices,
and supporting U.S. farming communities. Management believes that
its socially oriented and environmentally responsible actions have
a positive impact on its customers, suppliers, employees and
stakeholders. Charlotte's Web donates a portion of its pre-tax
earnings to charitable organizations.
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.
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SOURCE Charlotte's Web Holdings, Inc.