CBD Drinks Deliberate for Second-Half of 2022
DENVER, Feb. 15, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Net” or the “Firm”), the market chief in cannabidiol (“CBD”) hemp extract wellness merchandise, is exploring the entry into the CBD wellness beverage market with new CBD social elixirs presently beneath improvement with an anticipated launch date later within the calendar yr.
Getting into the beverage class is reflective of our elevated give attention to new product classes and codecs to drive our topline progress.
Jacques Tortoroli, Chief Govt Officer of Charlotte’s Net
This permits us to enter this fast-growing portion of the market.
The Firm seems to be to introduce CBD glowing elixirs powered by Charlotte’s Net full spectrum hemp extracts derived from the Firm’s proprietary patented hemp cultivars. The drinks will probably be developed with best-in-class formulations blended with different practical botanicals and pure flavors and are vegan, gluten-free, dairy-free and non-GMO.
Based on The Brightfield Group, the CBD beverage market is about to realize $245 million in gross sales in 2021, up 50% from 2020, and is predicted to succeed in $1.3 billion in 2026, representing a 40% CAGR.
Charlotte’s Net govt suite has substantial expertise within the beverage class. Jacques Tortoroli has over 20 years of worldwide beverage expertise by way of earlier roles with PepsiCo, and Pepsi-Cola Worldwide and extra not too long ago with Bermuda primarily based family-owned Bacardi Ltd. Charlotte’s Net Chief Monetary & Working Officer, Wes Booysen, has greater than a decade of expertise within the beverage business at Molson-Coors the place he was most not too long ago Chief Govt Officer and Managing Director, Asia Pacific and Africa.
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About Charlotte’s Net Holdings, Inc.
Charlotte’s Net Holdings, Inc., a Licensed B Company headquartered in Denver, is the market chief in progressive hemp extract wellness merchandise beneath a household of manufacturers which incorporates Charlotte’s Net™, CBD Medic™, CBD Clinic™, and Concord Hemp™. Charlotte’s Net branded premium high quality merchandise begin with proprietary hemp genetics which might be 100-percent American farm grown and manufactured into hemp extracts containing naturally occurring phytocannabinoids together with cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and different helpful hemp compounds. The Firm’s CW Labs R&D division, advances hemp science at two facilities of excellence in Louisville, Colorado, and the Hauptmann Woodward Analysis Institute on the College at Buffalo, a part of the State College of New York (SUNY) community. Charlotte’s Net product classes embody full-spectrum hemp CBD oil tinctures (liquid merchandise), CBD gummies (sleep, stress, train restoration), CBD capsules, CBD topical lotions and lotions, in addition to CBD pet merchandise for canines. Via its vertically built-in enterprise mannequin, Charlotte’s Net maintains stringent management over product high quality and consistency. Charlotte’s Net merchandise are distributed to greater than 14,000 retail, over 8,000 well being care practitioners, and on-line by way of the Firm’s web site at www.CharlottesWeb.com.
Charlotte’s Net was based by the Stanley Brothers with a mission to unleash the therapeutic powers of botanicals by way of compassion and science, benefiting the planet and all who dwell upon it. Charlotte’s Net is a socially and environmentally acutely aware firm and is dedicated to utilizing enterprise as a drive for good and a catalyst for innovation. The Firm weighs sound enterprise choices with consideration for the way its efforts have an effect on staff, clients, the atmosphere, and various communities. The speed the Firm pays for agricultural merchandise displays a good and sustainable price driving increased high quality yield, encouraging regenerative farming practices, and supporting U.S. farming communities. Administration believes that its socially oriented and environmentally accountable actions have a constructive affect on its clients, suppliers, staff and stakeholders. Charlotte’s Net donates a portion of its pre-tax earnings to charitable organizations.