Biodynamic Farming Practices Help Ensure
Safest and Highest-Quality CBD Extract Products
BOULDER, CO, July 30, 2019 /PRNewswire/ - Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX:CWEB,
OTCQX:CWBHF), the market leader in hemp CBD extract products,
reports an extension of its research initiative with The Center for
Discovery in New York State to
further develop hemp genetics for optimal growing in the
region.
![Charlotte's Web by Stanley Brothers. Market leader in whole-plant hemp extract products with naturally occurring CBD. Biodynamic Farming (CNW Group/Charlotte's Web Holdings, Inc.) Charlotte's Web by Stanley Brothers. Market leader in whole-plant hemp extract products with naturally occurring CBD. Biodynamic Farming (CNW Group/Charlotte's Web Holdings, Inc.)](https://mma.prnewswire.com/media/953840/Charlotte_s_Web_Holdings__Inc__Charlotte_s_Web_Extends_Research.jpg)
The groundbreaking project has been helping to solidify
Charlotte's Web's expansion within
the Eastern Appalachian Region by determining which hemp varieties
grow the best under the regional microclimates and local terrain.
Now in its third year, the initiative has steered Charlotte's Web's breeding program in the
production of superior varieties that will support the efforts of
local farmers and position the Company for success in New York and surrounding states with similar
growing conditions. The Company is also partnered with farmers in
Kentucky to produce optimal hemp
varieties for its CBD products, and it recently announced a
separate organic hemp farming research initiative in the state of
Pennsylvania with Rodale Institute
and Natural Care.
"We are committed to developing the highest-quality hemp
genetics optimized for growing in New
York and the surrounding region," said Deanie Elsner, CEO of Charlotte's Web. "The Center for Discovery is
internationally recognized for its innovative work in healthy
farming practices, so we're very proud to be an active partner
supporting this research."
The Center for Discovery, which treats individuals with complex
disabilities and has been designated as Center for Excellence in
New York State, is cultivating
hemp using biodynamic agricultural practices, a higher standard of
organic farming. Charlotte's Web's
joint initiative with Center for Discovery demonstrates the
Company's commitment to sustainable farming practices and corporate
social responsibility.
Patrick H. Dollard, President and
CEO of The Center for Discovery, said, "This agricultural research
partnership is part of The Center's bold mission to create
life-changing advances through our Food is Medicine philosophy. We
are proud to be working with Charlotte's Web to advance hemp farming in
New York State, and see great
potential for additional growth and research."
Charlotte's Web has also been
transitioning its hemp farming from conventional to organic
agriculture practices over the past five years. The Company already
operates certified organic fields as it pursues a broad organic
certification for its consumer products.
"Consumers are becoming more and more savvy about the benefits
of organic and sustainable agriculture for their own health and the
health of the planet," said Bear Reel, Senior Director of
Cultivation R&D at Charlotte's
Web. "We are focused on helping people live better lives by making
the highest-quality and consistent products, and it all starts with
the genetics we put in the ground."
For further information subscribe to Charlotte's Web news
About The Center for Discovery
The Center for Discovery (TCFD) is a leading provider of
healthcare and education services for more than 1,200 children and
adults with complex conditions, medical frailties and Autism
Spectrum Disorders, located 90 miles northwest of New York City. Named a Center of Excellence in
2016, TCFD has long been a leader in developing new models of care
for individuals with complex conditions. On 1,500 acres of land in
Sullivan County, TCFD houses
school campuses, residences, medical and research facilities,
organic and biodynamic farmland, and leased private businesses.
Deeply focused on an individual's personal potential and
possibilities, rather than a disability, TCFD strives to create
better care and unique and challenging opportunities for the most
vulnerable populations.
For more information about TCFD, please visit
https://thecenterfordiscovery.org/
About Charlotte's Web
Holdings, Inc.
Charlotte's Web Holdings, Inc.
is the market leader in the production and distribution of
innovative hemp-derived cannabidiol ("CBD") wellness products.
Founded by the Stanley Brothers, the Company's premium quality
products start with proprietary hemp genetics that are responsibly
manufactured into hemp-derived CBD extracts naturally containing a
full spectrum of phytocannabinoids, including CBD, terpenes,
flavonoids and other beneficial hemp compounds. Charlotte's Web product categories include CBD
Oil tinctures (liquid products), CBD capsules, CBD topicals, as
well as CBD pet products. Charlotte's Web hemp-derived CBD extracts are
sold through select distributors, brick and mortar retailers, and
online through the Company's website at www.CharlottesWeb.com. The
rate the Company pays for agricultural products reflects a fair and
sustainable rate driving higher quality yield, encouraging good
farming practices, and supporting U.S. farming communities.
Charlotte's Web is a socially
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
its employees, customers, the environment, and the communities
where its employees live and where it does business, while
maximizing profits and strengthening its brands. The Company's
management believes that socially oriented actions have a positive
impact on the Company, its employees and its shareholders.
Charlotte's Web donates a portion
of its pre-tax earnings to charitable organizations.
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". As at
July 29, 2019 Charlotte's Web had
44,500,034 Common Shares outstanding and 132,151.34 Proportional
Voting Shares convertible at 400:1, for an effective equivalent of
97,360,571 Common Shares outstanding.
Forward-Looking Information
Certain information in this news release constitutes
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
expectations, estimates and projections regarding future
events.
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, including but not limited to the factors described in
greater detail in the public documents of the Company
available at www.sedar.com. These factors are not intended to
represent a complete list of the factors that could affect the
Company; however, these factors should be considered carefully.
There can be no assurance that such estimates and assumptions will
prove to be correct. The forward-looking statements
contained in this news release are made as of the date of this news
release, and the Company expressly disclaims any obligation to
update or alter statements containing any forward-looking
information, or the factors or assumptions underlying them, whether
as a result of new information, future events or otherwise,
except as required by law.
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SOURCE Charlotte's Web
Holdings, Inc.