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
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.
- Website:https://www.charlottesweb.com/
- Address:Suite 200, 2425 55th Street, Boulder, CO 80301, USA
Charlotte's Web Holdings (CSE:CWEB) Financials
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Management
Prior to joining the Kellogg Company, she served more than 20 years in various leadership roles at the Kraft Foods Company including Executive Vice President and Chief Marketing Officer, where she was named by Forbes as one of the 50 Most Influential Global CMOs.
Ms. Elsner is credited for successfully launching over $650MM Net Revenue in innovation including, MiO Water Enhancers, Gevalia Café, Keurig compatible Coffee Pods and specialty beverages. Her experience also includes sales roles at Procter & Gamble and Johnson & Johnson.
Hammer has served as Chief Financial Officer for leading multibillion dollar multinational companies including Caleres Brands, Orbitz and Crocs. He was also previously employed as the Chief Financial Officer of several Motorola business units and Chief Audit Officer.
He has over 38 years of experience overseeing start-up, mid and large-scale global pharmaceutical, cosmetic and consumer-packaged goods (“CPG”) operations, product development and commercialization, and manufacturing and distribution.
Prior to joining Charlotte’s Web he was employed in the pharmaceutical industry, where he held senior leadership and executive positions at DuPont, Johnson & Johnson, Burroughs Wellcome (now GlaxoSmithKline), Rhone Poulenc (now Sanofi), Orion Oyj and Akela Pharma.
