Market Leading Hemp-Derived CBD Brand Enters
into Next Phase of Growth and Expansion
BOULDER, CO, March 30, 2020 /CNW/ - (TSX: CWEB, OTCQX: CWBHF)
Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the
"Company"), the world's most trusted hemp extract and market leader
in hemp-derived cannabidiol ("CBD") wellness products, is
pleased to announce that David
Panter has joined the Company as Chief Operating Officer,
effective March 30, 2020.
Mr. Panter brings over 20 years of broad global supply chain
experience at leading cosmetic, agriculture, pharmaceutical,
medical device and consumer packaged goods (CPG) companies,
including Estée Lauder Company, Luxottica Retail, Campbell Soup
Company, and Tyco Healthcare/Covidien.
Most recently, at Estée Lauder Company, Mr. Panter was
responsible for optimizing the global supply chain including the
manufacturing locations and distribution networks in North America, Europe, Asia
Pacific and Latin America.
Throughout his successful career, he has led manufacturing
facilities, quality, distribution and warehouse locations across
multiple product categories and has been responsible for
transforming operations through continuous improvement, coaching,
strategy development and tactical execution.
Mr. Panter, who will be overseeing he Company's brand new
137,000 sq. ft. manufacturing and distribution facility which
includes Production, Extraction, Quality Engineering, Environmental
Health and Safety, Supply Planning, Process and Facility
Engineering, Contract Manufacturing, Continuous Improvement, and
Customer Fulfillment Operations, will report directly to
Charlotte's Web's Chief Executive Officer Deanie Elsner.
"David's proven track record in global supply chain optimization
and operational excellence across multiple industries makes him a
valuable and timely addition to our top-tier management team," said
Elsner. "We think is a natural fit for Charlotte's Web as we map
out our global strategy for international expansion."
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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 ADA compliant website
at www.CharlottesWeb.com.
Forward-Looking Information
Certain information in this news release constitutes
forward-looking statements and forward-looking information
(collectively, "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 .
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SOURCE Charlotte's Web Holdings, Inc.