Charlotte’s Web is vertically integrated with full ingredient traceability and transparency and product grown 100% from US family farms.
British American Tobacco has through a subsidiary purchased a debenture allowing for the convertible amount of 19,9% of Charlotte’s Web Holdings’ shares. The two also formed a JV with AJNA BioSciences with the intent of seeking FDA-approval a proprietary full spectrum hemp extract botanical drug. The company and AJNA BioSciences both own 40% and BAT owns the other 20%. The botanical drug will be developed from proprietary hemp genetics from the company and will target a neurological condition.
The company holds 5 US hemp variety patent grants: 1 plant patent and 4 utility patents with 2 of them for Kirsche and Lindorea.
OWNERSHIP:
Charlotte’s Web has a JV with AJNA BioSciences PBC which is a subsidiary of British American Tobacco with the goal of the JV to develop a novel hemp botanical investigational new drug.
FACILITIES:
The company is in charge of a 137,000 sq cultivation, production, distribution and R&D facility.
NEWS & PARTNERSHIPS:
2019
The company announced a research initiative with Rodale Institute and Natural Care to pioneer regenerative hemp agriculture in North America.
The company extended their research initiative for the third year with The Center for Discovery to Develop Optimal Hemp Genetics for New York and Greater Eastern Appalachian Region to develop hemp genetics optimal for the region.
The company launched its 3 first CBD-gummies.
2020
The company’s pet products were approved for NASC quality and US hemp authority seals.
The company announced a collaboration for the advancement of hemp cannabinoid science through a research program that provides a better understanding of the therapeutic uses and safety of cannabinoids with the University at Buffalo’s Center for Integrated Global Biomedical Sciences and involves several different people and Universities from around the world.
The company acquired Abacus Health Products, a company producing over-the-counter topical products combining API’s with hemp extract. Through the deal, the company’s distribution grew to over 21,000 retailers and they gained the CBD MEDIC and Harmony Hemp brands as well as the Abacus CBD CLINIC brand, for professional practitioners. Through the deal, Perry Antelman who was the CEO of Abacus since 2016, joined the company as its Executive Vice President and President of Topicals.
The company expanded into Israel through a strategic alliance with InterCure and an exclusive distribution agreement where select Charlotte’s Web hemp extract wellness products will be available for purchase in Israel. The two companies will also look into opportunities such as clinical trials, product development and manufacturing in Israel.
The company earned its NSF International’s Good Manufacturing Practice Registration.
2021
The company announced a scientific collaboration reseraching hemp CBD efficacy with McLean Hospital, a Harvard Medical School affiliate involving 2 clinical trials which investigated the efficacy of a custom-formulated, hemp-derived high-CBD product supplied by the company.
The company announced a collaboration with the Research and Education Addressing Cannabis and Health Center at the University of Colorado-Boulder for a preclinical sleep and anxiety study using the company’s full spectrum hemp formulations with CBN, CBD and THC levels below 0.3% for the examination of the impact on anxiety and sleep quality.
The company started selling its products at 1,000+ locations in California through its national retail partners.
The company unveiled a multi-year exclusive agreement with Life Time now selling the company’s CBD products in its 140+ Life Time athletic clubs, its online store as well as at premier events across the US such as he Verizon New York City Triathlon, the Leadville Race Series and the Life Time Miami Marathon. The company will also be featured on in-club signage, as well as in the award-winning Experience Life magazine and through online digital content.
The company announced a partnership with soccer player Carli Lloyd.
The company released CBG and CBN oral sprays for stress and sleep support.
2022
The company signed a distribution agreement with Stark Foods International for the European market.
The company received its ISO 17025 certification for analytical chemistry testing methods.
The company entered into a 5-year (extendable by 2 more years) option purchase agreement with Stanley Brothers USA, which is a a cannabis wellness incubator operating in Colorado, California, Florida at the time, with expansion plans in 8 more states.
The company signed an exclusive distribution agreement with Savage Cabbage for the company’s whole-plant, full spectrum products in the UK market.
The company named Jade Proudman a global brand ambassador. She is the CEO of Savage Cabbage, a CBD company in the UK, who claims it saved her life as it helped her with her pain management and got her off morphine within 48 hours and eliminating all her prescription medicines within a month.
The company formed the first CBD sponsorship with a major pro sports league striking a multi-year deal with MLB. Through the partnership, the company will have a premiere brand presence at MLB’s Jewel Events, including All-Star Week, Postseason, and the World Series through marketing, media and ballpark activations that connect to the league’s fan base of over 180 million Americans.
The company’s full spectrum hemp CBD products launched nationwide with instant delivery possible on Gopuff starting with Arizona, Illinois, California and New York with a continued expansion through 2022 and 2023.
The company signed a multi-year distribution agreement with Southern Glazer’s Wine & Spirits for the sale of the company’s products through Southern Glazer’s retail customer network.
The company announced a national distribution agreement with GNC for its gummies to be sold in 24 states as a start, with the hope of launching in more states.
The company started selling their products to participating Massage Envy’s franchised locations nationwide allowing customers to feel the company’s CBD Clinic topicals during their massages.
The company signed an exclusive distribution agreement with Energy Hemp Biotechnology for the company’s products in the Greater China region, starting with Hong Kong, Taiwan and Macao with a flagship Charlotte’s Web retail store owned and operated by Energy Hemp planned for Hong Kong in 2023.
The company celebrated the CBD industry’s 1st decade with the start of its new Charlotte Figi Family Grant Program as an annual initiative and starting off with ten family grants being granted, one for each passing year and increasing the number of grants by one per year.
The company entered into a strategic alliance with Tilray Brands for the licensing, manufacturing, quality control, marketing and distribution of Charlotte’s Web CBD hemp extract products in Canada.
Charlotte’s Web CBD gummies were voted product of the year at the Product of the Year Awards.
The company’s full spectrum Original Formula CBD was validated in the UK Food Standards Agency novel foods evaluation process.
Charlotte’s Web Holdings has an exclusive multi-year strategic partnership to be the official CBD of Major League Baseball for three years after it was announced in 2022 and releasing Daily Edge which is the first broad-spectrum hemp-derived tincture to be Certified for Sport by NSF. Daily Edge will feature the MLB logo on its bottle and is the first product launch from the new Charlotte’s WebTM SPORT line, which will also include gummies, topicals, and oral sprays.
2023
An alliance called ONE HEMP consisting of CBD companies advocating for legislation and FDA regulation of hemp-derived CBD products as dietary supplements was launched together with BayMedica, Brands, FSOil, Hemp Beverage Alliance, Kazmira, MAD TASTY, Open Book Extracts and Wyld.
The company expanded its distribution of its pet products through a national deal with Phillips Pet Food & Supplies.
The company launched the first hemp-based drug into human trials – AJA001.
The company became the official CBD of the Premier Lacrosse League.
2024
The company’s hemp-derived CBD wellness products started selling at 827 Walmart stores across California, Illinois, Florida, Texas and Pennsylvania.
Tilray launched Charlotte’s Web CBD gummies in Canada, available on Tilray Medical’s website as well as through select retailers.
The company launched full-spectrum CBD soft gel capsules as well as functional mushroom gummies.
The company launched ” Stay Asleep” 20 mg of CBN gummies without melatonin.
2025
The company launched Brightside, low-dose THC gummies which are powered by TiME INFUSION rapid onset technology, allowing effects to appear in 5-15 minutes. The gummies contain THC as well as a blend of CBD, CBC and CBG.
The company was selected as a CBD provider for a Medicare & Medicaid Innovation (CMMI) pilot, giving senior oncology patients access to reimbursed and science-backed CBD products for the first time. The program launches in early 2026 through a secure medical portal.
2026
The company got a cash infusion of $10 Million USD from British American Tobacco.
Charlotte’s Web and Edibles.com partnered to sell trusted, non-intoxicating hemp wellness products on the Edibles.com marketplace and its Atlanta flagship store.
BRANDS:
ReCreate is a CBD-brand offering whole-plant hemp extract with botanicals and functional ingredients. ReCreate broad spectrum CBD extracts are derived from Charlotte’s Web patented hemp cultivars. Products are sold at Fresh Thyme as well as The Vitamin Shoppe and will be distributed through Southern Glazer’s Wine & Spirits.
CBD Medic offers natural topicals for arthritis aches & pain relief which can be directly applied where it hurts. The brand also offers mushroom gummies formulated with organic fruiting body extracts at research-supported potencies and has a line of CBN products to help with sleep.
CBD Clinic offers a targeted level 5 pain management system formulated with high quality API and naturally-derived ingredients, including camphor and menthol. The massage therapy series of products is tailored specifically for massage therapists, acupuncturists and other complementary and alternative medicine practitioners. The products are lab-tested, are cruelty-free, free of THC and proprietary and natural with no steroids, dyes, synthetic fragrances, parabens, petrolatums and phtalates used. The brand also offers professional support through their online portal where education as well as their products can be found.