LOUISVILLE, Colo., May 1, 2023 /CNW/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the marketplace leader in cannabidiol (“CBD”) hemp extract health items is pleased to include Phillips Pet Food & Supplies (“Phillips”), America’s biggest supplier in the family pet specialized retail channel, covering more than 6,000 sellers representing more than 14,000 retail places.
Phillips boasts a broad selection of family pet specialized retail, coupled with detailed client touchpoints to drive engagement throughout its nationwide footprint from independent shop family pet shops to local chains and nationwide chains and mass sellers. Initial orders have actually been delivered and Phillips will disperse the complete line of Charlotte’s Web family pet items, consisting of topical family pet items, and functionally focused CBD dog chews with synergistic components to support particular health functions; Calming, Hips & Joints, and Cognition.
The U.S. CBD family pet market is approximated to be more than $400 million in retail sales each year according to the Brightfield Group (April 2023).
“We are enjoyed have Phillips as our nationwide circulation partner for family pet items. We think we are simply starting to see where this section can go and eagerly anticipate growing together as we even more build this channel,” Jacques Tortoroli, Chief Executive Officer of Charlotte’s Web said. “With Phillips we can considerably increase our circulation reach.”
About Phillips Pet Food & Supplies
Phillips Pet Food & Supplies started as a family owned and run business in 1938. Today, there are 11 warehouse tactically situated throughout the nation. We happily service Pet shops, Aquatic shops, Feed & Farm shops, Groomers, Veterinarians, and Humane Organizations. Our dedication is basic: To supply our clients with the services and products that will add to the development and success of their business.
About Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc., a Certified B Corporation headquartered in Denver, is the marketplace leader in ingenious hemp extract health items under a family of brand names that consists of Charlotte’s Web™, CBD Medic™, and CBD Clinic™. Charlotte’s Web whole-plant CBD extracts can be found in full-spectrum and broad-spectrum (THC-free) alternatives, consisting of the world’s only broad-spectrum CBD certified NSF for Sport®, which is the main CBD of Major League Baseball©. Founded by the 7 Stanley Brothers, Charlotte’s Web fired up the CBD market when the bros pertained to international prominence with the protection of a girl’s impressive response to their hemp extract. Their advocacy altered laws, public understanding, and research study around the huge health capacity of plant-based options. The Stanleys developed their business with the objective to bring botanical alternatives to health applicants worldwide. Charlotte’s Web top quality superior quality items start with exclusive hemp genes that are North American farm-grown utilizing natural and regenerative growing practices. The Company’s hemp extracts have naturally happening botanical substances consisting of cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and other advantageous substances. The Company’s CW Labs R&D department advances hemp science at a center of quality in Louisville, Colorado. Charlotte’s Web item classifications consist of CBD oil casts (liquid items) CBD gummies (sleep, tension, workout healing), CBD pills, CBD topical creams and creams, in addition to CBD family pet items for dogs. Through its considerably vertically incorporated business design, Charlotte’s Web keeps strict control over item quality and consistency with 20+ item lot screening for quality control. Charlotte’s Web items are dispersed to sellers and healthcare specialists throughout the U.S.A, and online through the Company’s website at www.charlottesweb.com.
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Forward-Looking Information
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The product elements and presumptions utilized to establish the positive info herein consist of, however are not restricted to, worldwide and political factors to consider; regulative modifications; and the elements talked about throughout the “Risk Factors” area of the Company’s most just recently submitted yearly info form available on www.SEDAR.com and in the Company’s most just recently submitted Annual Report on Form 10-K and quarterly report on Form 10-Q as modified, and other filings with the Securities and Exchange Commission available on www.SEC.gov. Except as needed by relevant securities laws, the Company carries out no commitment to openly update any positive info, whether composed or oral, that might be made from time to time, whether as an outcome of brand-new info, future advancements or otherwise.
Charlotte’s Web Holdings, Inc.
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SOURCE Charlotte’s Web Holdings, Inc.
