Charlotte’s Web Full Spectrum Hemp CBD Products Launching Nationwide on Gopuff

DENVER – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc., the market leader in full-spectrum hemp extract CBD products, today announced a national distribution partnership with GoPuff, the go-to platform for immediate delivery of customers’ everyday needs. Charlotte’s Web offerings first launched on Gopuff this summer in select markets, including Arizona, Illinois, California, and New York and will continue to expand nationwide throughout 2022 and 2023.

Charlotte’s Web’s leading CBD gummy line, CBD oil tinctures in various concentrations, topical CBD creams and balms, as well as CBD products for pets, are among the first hemp products available on the Gopuff platform.

“In the United States, consumer access to hemp wellness is still in its infancy,” said Jacques Tortoroli, Charlotte’s Web Chief Executive Officer. “Our mission is to make CBD broadly available, accessible – and convenient.  With Gopuff, we are making access more convenient than ever with instant delivery for our consumers. So whether it’s a sudden need for Charlotte’s Web sleep, stress or recovery gummies, soothing CBD oils or topicals, or even calming pet chews for an overly excited canine, Gopuff can help us answer the call – in minutes. For Charlotte’s Web, this is yet another example of our commitment to expand our customer portfolio as the market leader and penetrate new industry verticals.”

Over the past 24 months, e-commerce in the North American grocery industry has continued to mature and scale. The pandemic served as an accelerator for grocery e-commerce, with much of the sector experiencing the equivalent of more than five years of growth in just five months.

With more than 500 locations, Gopuff delivers over 4,000 products – cleaning and home products, medicine, pet care, office supplies, beauty and wellness items, baby products, food and drinks and more – to customers in about 30 minutes.

(This information is primarily sourced from Charlotte’s Web Holdings, Inc.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).