Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) has been running up the charts in recent months transforming into a volume leader and one of the most active pot stocks in the market.
The Company continues to put out big news; On January 31 the Company announced Stephen Lermer has joined the Company in the newly formed role of Chief Operating Officer effective January 28, 2019. Mr. Lermer, who comes to Charlotte’s Web from the pharmaceutical industry, where he held senior leadership and executive positions at DuPont, Johnson & Johnson, Burroughs Wellcome (now GlaxoSmithKline), Rhone Poulenc (now Sanofi), Orion Oyj and Akela Pharma, will become responsible for overseeing all aspects of the Company’s manufacturing, supply chain, research & development, legal and regulatory affairs, quality assurance and control, engineering, cultivation and operations management functions.
Mr. Lermer has over 38 years of experience overseeing start-up, mid and large-scale global pharmaceutical, cosmetic and consumer-packaged goods (“CPG”) operations, product development and commercialization, and manufacturing and distribution. He also brings a seasoned global business perspective to operational decision making having lived and worked in Europe, the Caribbean, Central America, South America and North America. Mr. Lermer’s deep international business experience includes cross border mergers & acquisitions, international drug development and new market entry experience.
Charlotte’s Web is the market share leader in hemp-based CBD wellness products which saw a boost after reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. With a rising number of various CBD products available in mainstream markets, consumers are spending more on CBD products than ever before. The Brightfield Group estimates the space will top $22 billion within the next 4 years, making it one of the more enticing spaces from an opportunity standpoint.
Charlotte’s Web Holdings Inc (CSE: CWEB; OTCQX: CWBHF) is the market leader in the production and distribution of innovative hemp-based cannabidiol (“CBD”) wellness products. Charlotte’s Web products are made from high quality and proprietary strains of whole-plant hemp extracts containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other valuable hemp compounds. Industrial hemp products have no psychoactive effects. Charlotte’s Web current product categories include tinctures (liquid product), capsules and topical products. Charlotte’s Web hemp-based whole plant extracts are sold through select distributors, brick and mortar retailers and online through the Company’s website.
With CBD gaining mainstream market momentum, Charlotte’s Web, the industry pioneer and category leader in hemp-based CBD, has expanded its suite of product offerings across a wider variety of retailers, from small specialty health food stores to now including regional pharmacy and grocery chains. The Company recently added more than 40 Bartell drug stores in the North West.
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Charlotte’s Web Holdings began trading on OTCQX under the symbol “CWBHF.” on October 11. Trading on OTCQX provides broader access for U.S. investors interested in investing in Charlotte’s Web.
As the Company’s annual cultivation and production materially increase, operating efficiencies become increasingly critical. Applying big pharma operating discipline to large-scale processing can pay meaningful dividends in terms of product quality, consistency and cost.
Charlotte’s Web Chairman and Co-Founder Joel Stanley stated, “Stephen’s hire further reaffirms Charlotte’s Web’s unwavering commitment to producing exceptionally high-quality products for our customers. The pharmaceutical industry operates under high regulatory and product quality standards and strict regulatory compliance protocols. Charlotte’s Web is also committed to best practices for regulatory and operational oversight for our CBD manufacturing and products. Stephen brings tremendous global pharma operating experience to support this mission.”
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Currently trading at a $165 million market valuation Charlotte’s Web has $10.7 million in the treasury, is debt free and has fast growing sales reporting $17,217,000 for the 3 months ended June 30, 2018 up from $9,059,000 for the same period last year. Charlotte’s Web is a really exciting Company; they are the market leader in the production and distribution of innovative hemp-based cannabidiol (“CBD”) wellness products that has recently surpassed 3000 retail locations across the United States. We will be updating on Charlotte’s Web when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Charlotte’s Web.
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Disclosure: we hold no position in Charlotte’s Web either long or short and we have not been compensated for this article.