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DENVER, Dec. 7, 2022
/PRNewswire/ - Charlotte's Web Holdings, Inc. ("Charlotte's Web" or
the "Company") (TSX: CWEB) (OTCQX: CWBHF), the market leader in
hemp CBD extract products, announces the appointment of
Alicia Morga to its Board of
Directors.
Ms. Morga brings extensive digital marketing and e-commerce
experience to the board and is the founder and Chief Executive
Officer of No. 8 Media, Inc., which was established in 2016 and
provides digital transformation services to consumer packaged
goods, health, education, and financial technology companies. Prior
to No. 8 Media, she managed the bill pay product for Digital
Insight, NCR's retail financial subsidiary, and before that was the
founder and Chief Executive Officer of Consorte Media, Inc., a
digital marketing company which helped large advertisers reach the
Hispanic market.
Prior to Consorte, Ms. Morga worked in venture capital for The
Carlyle Group and Hummer Winblad Venture Partners with a focus on
the technology sector.
Before that, she was a corporate attorney for Wilson Sonsini Goodrich & Rosati, and an
investment banker at Goldman, Sachs & Co. She has been named a
Young Global Leader by the World Economic Forum and one of the Most
Influential Women in Technology by Fast Company.
Ms. Morga is also an adjunct professor of Digital Marketing for
the University of San Francisco and
teaches online and in person digital marketing courses for
enterprises. She holds a J.D. from Stanford
Law School, a B.A. from Stanford
University, and is a California Bar Member.
Ms. Morga replaces Jean Birch who
is retiring from the Board.
"We are excited to welcome Alicia and her extensive experience
in digital marketing, as the Company brings a sharp focus on its
E-commerce experience in the coming year," said John Held, Chairman of Charlotte's Web. "The
Board also thanks Jean for her valuable contributions over the past
two years."
Ms. Morga will serve on the Audit and Compensation
Committees.
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 that includes Charlotte's Web™, CBD Medic™, and
CBD Clinic™. Charlotte's Web whole-plant CBD extracts come in
full-spectrum and broad-spectrum (THC-free) options, including the
world's only broad-spectrum CBD certified NSF for Sport®, which is
the official CBD of Major League Baseball©. Founded by the seven
Stanley Brothers, ignited the CBD
industry when they came to global prominence with the coverage of a
young girl's astounding reaction to their hemp extract. Their
advocacy changed laws, public perception, and research around the
vast health potential of plant-based solutions. The Stanleys built
their business with the mission to bring safe, botanical options to
health seekers worldwide. Charlotte's Web branded premium quality
products start with proprietary hemp genetics that are 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 a center of excellence in
Louisville, Colorado. Charlotte's
Web product categories include 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 retailer locations,
over 8,000 health care practitioners, and online through the
Company's website at www.charlottesweb.com.
© Major League Baseball trademarks and copyrights are used with
permission of Major League Baseball. Visit MLB.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.
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 statements containing forward-looking
information. Although these statements containing forward-looking
information are based on assumptions the Company considers to be
reasonable based on the information available on the date such
statements are made, such statements are not guarantees of future
performance and readers are cautioned against placing undue
reliance on forward-looking information.
The material factors and assumptions used to develop the
forward-looking information herein include, but are not limited to,
international and political considerations; regulatory changes;
and the factors discussed throughout the "Risk Factors" section of
the Company's most recently filed annual information form available
on www.SEDAR.com and in the Company's most
recently filed Annual Report on Form 10-K and quarterly report on
Form 10-Q as amended, and other filings with the Securities and
Exchange Commission available on www.SEC.gov. 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.
Charlotte's Web Holdings, Inc.
THE WORLD'S MOST
TRUSTED HEMP EXTRACT™
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SOURCE Charlotte's Web Holdings, Inc.