Includes full spectrum hemp CBD
formulations for Sleep, Calm, Recovery, Immunity, Daily Wellness,
and THC-Free†
DENVER, Jan. 18,
2022 /PRNewswire/ - (TSX:CWEB)
(OTCQX:CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web," or
the "Company"), the market leader in full spectrum hemp extract
products, today announced a national distribution agreement with
GNC, a leading specialty retailer of nutritional products
with more than 2,000 locations in the United States. Initial
shipments of six varieties of Charlotte's Web Gummies will be
available for purchase at GNC retail locations across 24 states,
with the intent to expand into additional states.
"To best reach and serve consumers we rely, in part, on
strong partnerships with proven mass retail partners," said
Jacques Tortoroli, Chief Executive
Officer of Charlotte's Web. "GNC's established retail footprint
adds depth to our reach domestically and broadens consumer access
to our high-quality hemp CBD products. We expect GNC will become
one of our largest retail customers this year, and we
are excited about the growth provided by bringing our two leading
brands together."
Charlotte's Web Gummies are made with full
spectrum hemp extract from its patented hemp
cultivars. Vegan and non-GMO, Charlotte's Web extracts
contain the naturally occurring
phytocannabinoid cannabidiol ("CBD"), plus
terpenes, flavonoids, and other beneficial hemp
compounds. Charlotte's Web Gummies are developed
with superior formulations using high-quality hemp
extract enhanced with functional herbs and botanical
supplements that work in synergy to further support targeted
wellness needs.
Charlotte's Web gummy options available at GNC
include:
- Charlotte's Web™ DAILY WELLNESS:
Full-spectrum hemp extract with 15mg of CBD per serving to
support everyday use. (Raspberry Lime flavor)
- Charlotte's Web™ SLEEP:
Full-spectrum hemp extract with 10 mg of CBD and
3mg of melatonin to support restful sleep*. (Raspberry
flavor)
- Charlotte's Web™ CALM:
Full-spectrum hemp extract with 10 mg of CBD,
and 75mg of lemon balm to support everyday stresses and feel
relaxed, but not sleepy*. (Lemon Lime flavor)
- Charlotte's Web™ RECOVERY:
Full-spectrum hemp extract with 10 mg of CBD,
25mg of ginger, and 50mg curcuminoids for exercise and active
lifestyles to support your body's healthy inflammatory response and
target joint health*. (Ginger flavor)
- Charlotte's Web™ IMMUNITY:
Full-spectrum hemp extract with 10mg CBD, 90mg
Vitamin C from organic acerola extract and ascorbic acid, 20 mcg
vegan Vitamin D3, and 70mg organic Astragalus root to
support immune function*. (Lemon Berry
flavor)
- Charlotte's Web™
THC-FREE†:
Broad-spectrum extract with beneficial hemp phytocompounds
including 15mg CBD per serving to support
everyday wellness, whether on the job or at home. (Mango Peach
flavor)
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About GNC
GNC is a
leading global health and wellness brand that provides high quality
science-based products and solutions consumers need to live mighty,
live fit and live well.
The brand touches consumers worldwide by providing its
products and services through company-owned retail locations,
domestic and international franchise locations, digital commerce
and strong wholesale and retail partnerships across the globe.
GNC's diversified, multi-channel business model has worldwide reach
and a well-recognized, trusted brand. By combining exceptional
innovation, product development capabilities and an extensive
global distribution network, GNC manages a best-in-class product
portfolio. www.gnc.com.
About Charlotte's Web Holdings,
Inc.
Charlotte's Web Holdings, Inc., a
Certified B Corporation headquartered in Denver, Colorado, 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 extract
oil
tinctures (liquid products), gummies
(sleep, stress, immunity, exercise recovery),
capsules, CBD topical creams and
lotions, as well as products for
dogs. Charlotte's Web products are distributed to more
than 14,000 retail doors and 8,000 health care practitioners, and
online through the Company's website at
www.CharlottesWeb.com.
† THC-Free means trace amounts less than 0.01% or 100
parts per million.
* These statements have not been evaluated by
the U.S. Food and Drug Administration. This
product is not intended to diagnose, treat, cure, or prevent any
disease.
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, economic and financial
conditions, consumer trends, supply assumptions 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 Form 10, 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.