Charlotte's Web Holdings (CSE:CWEB)

  • Symbol:CSE:CWEB
  • Ticker 2:OTCMKTS:CWBHF
  • Sector:Healthcare
  • Industry:Pharmaceutical
  • CEO:Adrienne Elsner
  • Founded:2013
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Charlotte's Web Holdings (CSE:CWEB) Stock Price

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Charlotte's Web Holdings (CSE:CWEB) Company Overview

Charlotte's Web (CSE:CWEB) is the #1 player in the US CBD market, by SKU range, retail outlets selling their products, and general brand recognition. The brand benefitted greatly from the story of young Charlotte Fiji – who had a very severe case of epilepsy namely the Dravet syndrome – and was able to be seizure-free on the propriety hemp-derived CBD trains that the Stanley Brothers produced.

CWEB is a vertically-integrated company, who recently increased the total acres of hemp planted for 2019 to 862, an 187% increase from 300 acres planted in 2018.

During Q2 in 2019, Charlotte's Web introduced a new range of hemp extract infused CBD gummies in three flavors, and a new twelve SKU pet product line to support specific health functions – Calming, Hips & Joints and Cognition.

The company has also signed two distribution partners for its pet line; Pacific Pet in California, one of the largest distributors of pet food and pet products on the west coast, servicing 1,000 independent pet stores in California, Arizona, Nevada, and Hawaii; and "Pet Food Experts", servicing over 4,000 retailers in 33 states out of five distribution centers located in Rhode Island, Pennsylvania, Illinois, Washington and Colorado.

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