Charlotte’s Web Announces Management Appointments in Finance and Operations | News

DENVER, April 25, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Internet Holdings, Inc., (“Charlotte’s Website” or the “Enterprise”), the sector leader in comprehensive-spectrum cannabidiol (“CBD”) hemp extract wellness items, today announced administration variations in finance and functions.

Charlotte’s Net Board of Administrators has appointed Lindsey Jensen as Chief Fiscal Officer changing Wes Booysen who is departing the Corporation to go after other possibilities. These improvements are helpful nowadays. Ms. Jensen was most just lately Vice President of Finance Gross sales & Operations. Ms. Jensen joined Charlotte’s Website in 2019 and has much more than a decade of govt economic leadership working experience in the shopper-packaged items field at firms together with Whitewave Foodstuff and Patagonia, Inc.

Jared Stanley, Charlotte’s Website co-founder and Chief Cultivation & Innovation Officer has been appointed Chief Working Officer. Ray Kunkel, Vice President of Provide Chain, will report to Mr. Stanley. Mr. Kunkel joined the Corporation in 2019 and has decades of expertise in offer chain, together with more than twenty many years with Procter & Gamble, and 6 yrs at Perrigo. 

“I am thankful for the support and stewardship Wes has supplied Charlotte’s Website,” explained Jacques Tortoroli, CEO of Charlotte’s Internet. “I appear ahead to the outstanding long run we have in advance at Charlotte’s World-wide-web 2.. I could not be happier that Jared will provide as our Main Operating Officer and carry on to offer inspiration to our 200+ personnel.  He has been at my side setting our ambition and vision for CW2.. and is the proper particular person to consider on offer chain in addition to his tasks main cultivation, NPD, high-quality, and innovation. I am equally enthusiastic to have Lindsey primary finance. She has a eager knowing of our business enterprise and our economics that can be leveraged throughout the Enterprise in her new function.”

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About Charlotte’s Web Holdings, Inc.

Charlotte’s Net Holdings, Inc., a Qualified B Company headquartered in Denver, is the market chief in ground breaking hemp extract wellness products under a relatives of models which includes Charlotte’s Web™, CBD Medic™, CBD Clinic™, and Harmony Hemp™.

Charlotte’s Website was launched by the 7 Stanley Brothers in 2013 when they famously developed a exceptional CBD hemp extract to aid a very little girl in require, and endlessly transformed international perceptions all-around the wellness advantages of hemp.  With its storied origins, Colorado-based Charlotte’s Website is widely acknowledged all over the entire world for its patented hemp cultivars which offer complete spectrum entourage outcomes from its complete-plant extracts. Charlotte’s World-wide-web is generally referred to as “The World’s Most Dependable Hemp Extract”.

Charlotte’s Internet branded top quality excellent items start off with proprietary hemp genetics that are 100-p.c American farm grown and made into hemp extracts containing naturally occurring phytocannabinoids including cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and other helpful hemp compounds. The Firm’s CW Labs R&D division, improvements hemp science at two centers of excellence in Louisville, Colorado, and the Hauptmann Woodward Investigate Institute at the University at Buffalo, aspect of the State University of New York (SUNY) network. Charlotte’s World-wide-web merchandise categories involve complete-spectrum hemp CBD oil tinctures (liquid merchandise), CBD gummies (snooze, worry, work out recovery), CBD capsules, CBD topical lotions and lotions, as well as CBD pet goods for dogs.  Through its vertically integrated business design, Charlotte’s Internet maintains stringent control over product or service high quality and consistency. In the United States, Charlotte’s Web merchandise are dispersed to additional than 15,000 retail, around 8,000 wellness care practitioners, and on line via the Firm’s web site at www.CharlottesWeb.com.

Forward-Looking Data

Specific details in this news launch constitutes forward-searching statements and forward-searching data in the this means of applicable securities legal guidelines (collectively, ‎‎”ahead-seeking information and facts”). In some circumstances, but not always in all circumstances, forward on the lookout facts can be recognized by the ‎use of ahead-wanting terminology this sort of as “options”, “targets”, “expects” or “does not anticipate”, “is expected”, “an prospect exists”, ‎‎”is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variants of this sort of words and ‎phrases or point out that specified steps, gatherings or final results “could”, “could”, “would”, “could possibly”, “will” or “will be taken”, “come about” or “be ‎achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future occasions or ‎circumstances have ahead-seeking data. ‎Specifically, this news release consists of ahead-wanting details relating to, among some others: the long run of Charlotte’s Web and the impacts of management modifications.

Statements that contains ahead-wanting data are not historic information but in its place signify management’s recent ‎expectations, estimates and projections relating to the long term of our enterprise, future options, tactics, projections, expected activities ‎and developments, the economic climate and other future circumstances. Forward-wanting information and facts is essentially dependent on a amount of viewpoints, ‎assumptions and estimates that, even though thought of reasonable by the Business as of the day of this information launch, are issue to ‎known and mysterious pitfalls, uncertainties, assumptions and other components that may well bring about the real final results, stage of action, ‎performance or achievements to be materially distinct from those expressed or implied by these ahead-wanting information and facts. The content variables and assumptions used to produce the ahead-wanting information and facts herein include, but are not limited to, the next: the influence of the COVID-19 pandemic the regulatory local weather in which the Enterprise at this time operates and may in the long run function client curiosity in CBD prosperous gross sales of the Firm’s products and the success of gross sales and internet marketing routines. Critical aspects that could trigger true outcomes and economic situation to vary materially from those people indicated in the ahead-looking information and facts incorporate, among other folks, the elements talked over throughout the “Risk Elements” portion of the Company’s most a short while ago submitted Annual Report on Sort 10-K for the calendar year finished December 31, 2021 out there on www.SEDAR.com and www.sec.gov , and other possibility elements contained in other filings with the Securities and Trade Commission available on www.sec.gov and filings with Canadian securities regulatory authorities offered on www.sedar.com. Except as needed by applicable securities laws, the Corporation undertakes no obligation to publicly update any forward-hunting details, regardless of whether written or oral, that may well be made from time to time, whether or not as a final result of new info, potential developments or usually.

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