Charlotte’s Web (TSX: CWEB) Corporate Update

How Charlotte's Web CBD Empowered the Medical Marijuana Movement
  • David Panter joins the Company as Chief Operating Officer from Estée Lauder Company
  • Announced intent to acquire Abacus Health to cement leadership in both CBD topical and ingestible product segments
  • Launched CW Labs R&D Sciences Division, part of SUNY network of 64 universities and medical centers
  • Achieved self-affirmed GRAS (generally recognized as safe) status for full spectrum hemp extract
  • Achieved NSF International’s dietary supplements Good Manufacturing Practice (GMP) registration
  • Received NASC certification received for Charlotte’s Web pet products
  • Signed and commenced shipping to first national mass pet products retail partner
  • Surpassed 11,000 retail doors selling Charlotte’s Web products
  • J.P. Morgan engaged for commercial banking services and $10 million line of credit (extendable to $20M)

Source: Newswire

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