Cannin Group
Posted by Cannin Group on Oct 22, 2018 9:09:12 AM

Hemp CBD Leader Charlotte's Web Passes 3000 Locations

 

Boulder, CO-based Charlotte's Web Holdings (CSE: CWEB; OTC: CWBHF), the market share leader in hemp-based CBD wellness products, has surpassed 3000 retail locations across the United States.


At the end of 2017, Charlotte's Web products were sold in about 2,000 locations. It passed its 2018 year-end goal of 3,000 locations during the 3rd quarter.


Charlotte's Web has expanded across a variety of retailers, from small specialty health food stores to regional pharmacy and grocery chains. It recently has added more than 40 Bartell drug stores in the North West.  


Charlotte's Web CEO Hess Moallem said, "…this is just the beginning of our continued expansion both domestically and worldwide. We…will continue…to ensure our products are made available in as many retail locations as possible."


The company recently completed a brand refresh. Also, it took home The NEXTY Consumer Choice Award in September at Natural Products EXPO East 2018. The award recognizes innovative natural products. Charlotte's Web was selected from a group of 57 finalists.


Founded by the Stanley Brothers, Charlotte's Web’s products use proprietary hemp genetics manufactured into whole plant hemp extracts containing a full spectrum of cannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds. Industrial hemp products are non-intoxicating.


Charlotte's Web products include tinctures (liquid products), capsules, topical, as well as pet products. Their sell through select distributors, brick and mortar retailers, and online through the company's website.


Source Charlotte’s Web press release

Tags: Expansion, Cannabis Market

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