DENVER, June 20,
2022 /PRNewswire/ - (TSX: CWEB) (OTCQX: CWBHF)
Charlotte's Web Holdings,
Inc., ("Charlotte's Web" or
the "Company"), the market leader in full-spectrum cannabidiol
("CBD") hemp extract wellness products, has appointed Greg Gould as the Company's Chief Financial
Officer and Chief Administration Officer.
Greg Gould is a senior finance
executive with more than two decades of experience in
Chief Financial Officer roles, leading multiple small and
medium-sized businesses within the natural wellness and
biopharmaceutical sectors. Mr. Gould brings significant
financial and
operational experience from both publicly
traded and privately held companies. He is a Certified
Public Accountant with expertise in building and leading accounting
departments, finance teams and reporting systems.
Mr. Gould has been acting as a financial advisor to the Company
since April of this year, providing leadership and support for the
Company's financial and regulatory reporting process. Charlotte's Web became a registered reporting
issuer under the United States Securities and Exchange Commission
for 2022, and Mr. Gould has substantial experience in financial
leadership roles for publicly listed SEC reporting
companies.
"Due to Greg's advisory work with Charlotte's Web this year, his familiarity
with our business and leadership enables a fluid transition," said
Jacques Tortoroli, Chief Executive
Officer of Charlotte's Web. "And
with his 20 years of experience in the natural wellness and biotech
sectors, his appointment is a key asset for our future-forward
business strategy."
Mr. Gould stated: "I am very excited to join the
Charlotte's Web team to continue
the buildout of the world's leading CBD brand as we focus on the
most effective way to improve quality of life for people around the
world while creating long-term shareholder value."
Lindsey Jensen, the former
Chief Financial Officer, resigned for personal reasons and will
continue with the Company for a transitional period. The
Board of Directors extends its gratitude for the significant
contributions Ms. Jensen made to the Company since joining
Charlotte's Web in 2019 and wishes
her well in her future endeavors.
Subscribe to Charlotte's
Web investor news.
About Charlotte's Web
Holdings, Inc.
Charlotte's Web Holdings, Inc.,
a Certified B Corporation headquartered in Denver, is the market leader in innovative
hemp extract wellness products under a family of brands which
includes Charlotte's Web™, CBD
Medic™, CBD Clinic™, and Harmony Hemp™. Charlotte's Web branded premium quality
products start with proprietary hemp genetics that are 100-percent
American farm -grown using organic and regenerative cultivation
practices. The Company's hemp extracts have naturally
occurring botanical compounds including cannabidiol ("CBD"), CBC,
CBG, terpenes, flavonoids, and other beneficial compounds. The
Company's CW Labs R&D division advances hemp science at two
centers of excellence in Louisville,
Colorado, and the Hauptmann Woodward Research Institute at
the University at Buffalo, part of the
State University of New York
(SUNY) network. Web product categories
include full-spectrum hemp CBD oil tinctures (liquid
products), CBD gummies (sleep, stress, exercise recovery), CBD
capsules, CBD topical creams and lotions, as well as CBD pet
products for dogs. Through its vertically integrated business
model, Charlotte's Web maintains
stringent control over product quality and consistency with 20+
product lot testing for quality assurance. Charlotte's Web products are distributed to
more than 15,000 retail, over 8,000 health care practitioners, and
online through the Company's website at www.CharlottesWeb.com
Forward-Looking Information
Certain
information in this news release constitutes forward-looking
statements and forward-looking information within the meaning of
applicable securities laws (collectively, "forward-looking
information"). In some cases, but not necessarily in all cases,
forward looking information can be identified by the use of
forward-looking terminology such as "plans", "targets", "expects"
or "does not expect", "is expected", "an opportunity exists", "is
positioned", "estimates", "intends", "assumes", "anticipates" or
"does not anticipate" or "believes", or variations of such words
and phrases or state that certain actions, events or results
"may", "could", "would", "might", "will" or "will be taken",
"occur" or "be achieved". In addition, any statements that refer
to expectations, projections or other characterizations of future
events or circumstances contain forward-looking information.
Specifically, this news release contains forward-looking
information relating to, among others: the future of Charlotte's Web and the impacts of management
changes.
Statements containing forward-looking information are not
historical facts but instead represent management's current
expectations, estimates and projections regarding the future of
our business, future plans, strategies, projections, anticipated
events and trends, the economy and other future conditions.
Forward-looking information is necessarily based on a number of
opinions, assumptions and estimates that, while considered
reasonable by the Company as of the date of this news release, are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information. The
material factors and assumptions used to develop the
forward-looking information herein include, but are not limited to,
the following: the impact of the COVID-19 pandemic; the regulatory
climate in which the Company currently operates and may in the
future operate; consumer interest in CBD; successful sales of the
Company's products; and the success of sales and marketing
activities. Important factors that could cause actual results and
financial condition to differ materially from those indicated in
the forward-looking information include, among others, the factors
discussed throughout the "Risk Factors" section of the Company's
most recently filed Annual Report on Form 10-K for the year ended
December 31, 2021 available on
www.SEDAR.com and www.sec.gov , and other risk factors contained in
other filings with the Securities and Exchange Commission available
on www.sec.gov and filings with Canadian securities regulatory
authorities available on www.sedar.com. Except as
required by applicable securities laws, the Company undertakes no
obligation to publicly update any forward-looking information,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/charlottes-web-appoints-greg-gould-chief-financial-officer-and-chief-administration-officer-301571359.html
SOURCE Charlotte's Web
Holdings, Inc.