DENVER, Jan. 27, 2023 /CNW/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Net Holdings, Inc. (“Charlotte’s Net” or the “Firm”), the market chief in cannabidiol (“CBD”) hemp extract wellness merchandise points the next assertion concerning the FDA’s January 26th press announcement:
Charlotte’s Net is inspired that the Administration has agreed that it’s needed for Congress to behave for the regulation of hemp-derived cannabidiol (“CBD”). The FDA place has taken 4 years to come back collectively, whereas the CBD business has matured with no clear regulatory pathway for CBD merchandise which can be already obtainable on the market in all 50 states and consumed safely by hundreds of thousands of Individuals. This consists of skilled athletes, veterans, and on a regular basis wellness seekers. The Firm seems ahead to persevering with its work in Washington DC to ahead this course of.
The Firm additionally agrees with the FDA on the significance of testing to make sure the standard and security of CBD merchandise and has already supplied research to help this place. Because the CBD pioneer and market chief, Charlotte’s Net has engaged in security research and compiled toxicology knowledge together with liver security. These research have been carried out below an Institutional Assessment Board and Good Laboratory Practices, following tips of the Group for Financial Co-operation and Growth (OECD). They’ve been subjected to an unbiased peer assessment and printed in journals and have been vetted and accepted for indexing within the PubMed central database. These research help the efforts of a legislative regulatory framework.
Throughout this four-year interval of regulatory absence, Charlotte’s Net has set the usual in accountable self-regulation in product manufacturing, security, and labeling. Along with security and toxicology research the Firm makes use of cGMP-compliant manufacturing amenities, seed-to-shelf testing, and certificates of study (COA) transparency for all merchandise. Lately, Charlotte’s Net grew to become the primary and solely broad-spectrum CBD hemp extract to be NSF Licensed for Sport®, the gold customary to make sure protected and constant merchandise for skilled athletes and customers alike.
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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 below a household of manufacturers that features Charlotte’s Net™, CBD Medic™, and CBD Clinic™. Charlotte’s Net whole-plant CBD extracts are available in full-spectrum and broad-spectrum (THC-free) choices, together with the world’s solely broad-spectrum CBD licensed NSF for Sport®, which is the official CBD of Main League Baseball©. Based by the seven Stanley Brothers, ignited the CBD business after they got here to world prominence with the protection of a younger woman’s astounding response to their hemp extract. Their advocacy modified legal guidelines, public notion, and analysis across the huge well being potential of plant-based options. The Stanleys constructed their enterprise with the mission to deliver protected, botanical choices to well being seekers worldwide. Charlotte’s Net branded premium high quality merchandise begin with proprietary hemp genetics which can be American farm-grown utilizing natural and regenerative cultivation practices. The Firm’s hemp extracts have naturally occurring botanical compounds together with cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and different useful compounds. The Firm’s CW Labs R&D division advances hemp science at a middle of excellence in Louisville, Colorado. Charlotte’s Net product classes embody 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. By its vertically built-in enterprise mannequin, Charlotte’s Net maintains stringent management over product high quality and consistency with 20+ product lot testing for high quality assurance. Charlotte’s Net merchandise are distributed to greater than 15,000 retailer areas, over 8,000 well being care practitioners, and on-line by the Firm’s web site at www.charlottesweb.com.
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Ahead-Wanting Info
Sure data on this information launch constitutes forward-looking statements and forward-looking data throughout the which means of relevant securities legal guidelines (collectively, ”forward-looking data”). In some instances, however not essentially in all instances, ahead wanting data might be recognized by the use of forward-looking terminology reminiscent of “plans”, “targets”, “expects” or “doesn’t count on”, “is anticipated”, “a chance exists”, ”is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “doesn’t anticipate” or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly”, “will” or “shall be taken”, “happen” or “be achieved”. As well as, any statements that seek advice from expectations, projections or different characterizations of future occasions or circumstances include forward-looking data.
Statements containing forward-looking data aren’t historic info, however as a substitute signify administration’s present expectations, estimates and projections concerning the way forward for our enterprise, future plans, methods, projections, anticipated occasions and developments, the economic system and different future situations. Ahead-looking data is essentially based mostly on quite a few opinions, assumptions and estimates that, whereas thought of cheap by the Firm as of the date of this information launch, are topic to identified and unknown dangers, uncertainties, assumptions and different elements which will trigger the precise outcomes, degree of exercise, efficiency or achievements to be materially totally different from these expressed or implied by such statements containing forward-looking data. Though these statements containing forward-looking data are based mostly on assumptions the Firm considers to be cheap based mostly on the data obtainable on the date such statements are made, such statements aren’t ensures of future efficiency and readers are cautioned towards putting undue reliance on forward-looking data.
The fabric elements and assumptions used to develop the forward-looking data herein embody, however aren’t restricted to, worldwide and political concerns; regulatory modifications; and the elements mentioned all through the “Threat Elements” part of the Firm’s most just lately filed annual data kind obtainable on www.SEDAR.com and within the Firm’s most just lately filed Annual Report on Type 10-Ok and quarterly report on Type 10-Q as amended, and different filings with the Securities and Trade Fee obtainable on www.SEC.gov. Besides as required by relevant securities legal guidelines, the Firm undertakes no obligation to publicly replace any forward-looking data, whether or not written or oral, that could be made on occasion, whether or not because of new data, future developments or in any other case.
Charlotte’s Net Holdings, Inc.
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For additional data: Investor Contact: Cory Pala | Director of Investor Relations, (720) 484-8930, [email protected]; Media Contact: [email protected]
