Charlotte's Web Full Spectrum CBD Hemp
Extracts Coming to Leading U.S. Spirits Distributor
DENVER, Sept. 26,
2022 /CNW/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's
Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market
leader in hemp-derived cannabidiol ("CBD') extract wellness
products, has signed a multi-year distribution agreement with
Southern Glazer's Wine & Spirits ("Southern Glazer's"), the
world's premier distributor of wine and spirits. Charlotte's Web
CBD gummies, capsules and oil tinctures will be available through
Southern Glazer's retail customer network.
Charlotte's Web is known for producing The World's Most Trusted
Hemp ExtractTM. This distribution agreement brings
together America's leading CBD brand with America's leading wine
and spirits beverage distribution company. Southern Glazer's
operations in 44 U.S. states and the District of Columbia reach consumers at
mainstream retail stores licensed to sell alcohol including grocery
and specialty retailers.
"This exciting relationship is another step in delivering on our
promise to shift our model to key multi-state distributor
relationships in new industry verticals," said Jacques Tortoroli, Chief Executive Officer of
Charlotte's Web. "Southern Glazer's large-scale distribution within
food and beverage, specialty beer, wine and spirits retail,
hospitality and big box retail addresses consumer demand for
wellness options in this category. I look forward to working
closely to grow our respective businesses."
"We've continued to build on our expertise in CBD by providing
our suppliers and customers with a trusted distribution experience
that enables us to grow this category," said Kariff Rhooms, Vice
President, New Ventures, Southern Glazer's Wine & Spirits.
"Adding Charlotte's Web enables us to bring an expanded portfolio
of innovative products to our retail customers and continue to grow
the exciting CBD category."
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About Southern Glazer's Wine &
Spirits
Southern Glazer's Wine & Spirits is the world's
preeminent distributor of beverage alcohol, and proud to be a
multi-generational, family-owned company. The Company has
operations in 44 U.S. states, the District of Columbia,
and Canada. In 2021, Southern Glazer's was selected as
a U.S. Best Managed Company by Deloitte
Private and The Wall Street Journal, as well as
named by Newsweek as a Top 100 Most Loved
Workplace. Southern Glazer's urges all retail customers and
adult consumers to market, sell, serve, and enjoy its products
responsibly. For more information
visit www.southernglazers.com. Follow us on Twitter and
Instagram @sgwinespirits and on Facebook
at Facebook.com/SouthernGlazers.
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 using organic cultivation practices. The
Company's hemp extracts have naturally occurring
botanical compounds including cannabidiol ("CBD"), CBC, CBG,
terpenes, flavonoids, and other beneficial
compounds. hemp compounds. 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. 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.
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. Specifically, this news release
contains forward-looking information relating to, among others: the
future of Charlotte's Web and the impacts of management
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. The
material factors and assumptions used to develop the
forward-looking information herein include, but are not limited to,
the following: the impact of the COVID-19 pandemic; the regulatory
climate in which the Company currently operates and may in the
future operate; consumer interest in CBD; successful sales of the
Company's products; and the success of sales and marketing
activities. 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 Report on Form 10-K for the year ended
December 31, 2021 available on
www.SEDAR.com and www.sec.gov ,
and other risk factors contained in other filings with the
Securities and Exchange Commission available on
www.sec.gov and filings with Canadian securities
regulatory authorities available on www.sedar.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.