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Charlotte's Web 2019 Harvest Delivers 10% Increase in Yield and 22% Increase in CBD Potency due to Proprietary Genetics
Charlotte's Web 2019 Harvest Delivers 10% Increase in Yield and 22% Increase in CBD Potenc...
About this update from Charlotte's Web Holdings, Inc.
[{"type":"text","content":"\n\n\n\nCharlotte's Web 2019 Harvest Delivers 10% Increase in Yield and 22% Increase in CBD Potency due to Proprietary Genetics\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nBOULDER, CO, March 4, 2020\n\n\n\nBOULDER, CO, March 4, 2020 /CNW/ - (TSX: CWEB; OTCQX: CWBHF) – Charlotte's Web Holdings, Inc. (\"Charlotte's Web\" or the \"Company\") the market leader in hemp-derived extract products, has completed the audit of its 2019 hemp harvest, the sole source of  the Company's full spectrum extracts which are high in naturally occurring cannabidiol (\"CBD\"). \n\n \n \n \n \n \n \n\n \nThe results of the 2019 harvest versus the 2018 are as follows:\n245% increase in total dried biomass to 2.34 million lbs.22% increase in CBD potency10% increase in yield per acreEstimated 36 thousand kg CBD harvested, with a 33% reduction per milligram of cost\n\"We are very pleased with the results of the 2019 harvest, achieving yield and potency levels that surpassed our expectations. This reflects the tremendous expertise we have gained in hemp cultivation over the last six years,\" said Deanie Elsner, CEO of Charlotte's Web. \"More than half of our harvest was certified organic in 2019 with the remaining acres in transition.  We are well on our way to becoming one of the largest providers of certified organic hemp CBD extract in the country.\" \nCharlotte's Web, the world's most trusted hemp extract™, is 100% American-grown and is cultivated across three states (Colorado, Oregon and Kentucky) to mitigate crop risk.  With its vertically integrated model, Charlotte's Web controls its supply chain to optimize product quality, traceability, and cost, bringing its high-quality hemp in at lower than comparable spot market prices. Efficiency and quality gains from accumulated proprietary knowledge represents a unique competitive advantage for the Company. \nThe Horticulture Division at Charlotte's Web excels in the development of new hemp genetics with superior c...