Charlotte's Web Exploring New CBD Beverage

DENVER, Feb. 15, 2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in cannabidiol ("CBD") hemp extract wellness products, is exploring the entry into the CBD wellness beverage market with new CBD social elixirs currently under development with an expected launch date later in the calendar year.

"Entering the beverage category is reflective of our increased focus on new product categories and formats to drive our topline growth," said Jacques Tortoroli, Chief Executive Officer of Charlotte's Web. "This allows us to enter this fast-growing portion of the market."