Business
Charlotte's Web Appoints Energy Hemp Biotechnology Ltd. for Distribution in the Greater China Region
Charlotte's Web Appoints Energy Hemp Biotechnology Ltd. for Distribution in the Greater C...
About this update from Charlotte's Web Holdings, Inc.
[{"type":"text","content":"\n \n \n \n Charlotte's Web Appoints Energy Hemp Biotechnology Ltd. for Distribution in the Greater China Region\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Exclusive Agreement to support Chinese interest in hemp extracts\n \n \n \n \n DENVER, Colo.\n \n and\n \n HONG KONG\n \n \n ,\n \n \n June 16, 2022\n \n \n /CNW/ - (TSX: CWEB) (OTCQX: CWBHF)\n \n Charlotte's\n \n Web Holdings, Inc. (\"\n \n Charlotte's\n \n Web,\" \"CW\" or the \"Company\"), America's market leader in full-spectrum hemp extract CBD products, has signed an exclusive distribution agreement (the \"Agreement\") with Energy Hemp Biotechnology Ltd., (\"Energy Hemp\") in\n \n Hong Kong, China\n \n .\n \n \n \n \n \n \n \n \n \n Under the terms of the Agreement, Energy Hemp will have exclusive distribution rights for\n \n Charlotte's\n \n Web line of THC-free broad-spectrum CBD products within the\n \n Greater China\n \n territory with initial availability planned for\n \n Hong Kong\n \n ,\n \n Taiwan\n \n and\n \n Macao\n \n . Product SKUs will include gummies, capsules and oil tinctures, with plans to extend offerings over time. A flagship\n \n Charlotte's\n \n Web retail store, owned and operated by Energy Hemp is planned for\n \n Hong Kong\n \n in 2023.\n \n \n \n China\n \n has a large aging population and CBD hemp extracts are often sought to help alleviate some of the discomforts of old age.  In addition, hemp extract products may help support sleep and daily stress among the younger generations of Chinese that are managing high-pressure lives. In the coming months, Energy Hemp plans to launch a direct-to-consumer e-commerce web store to service the territories of\n \n Hong Kong\n \n ,\n \n Taiwan\n \n and\n \n Macau\n \n , providing much of the Chinese population with access to the wellness benefits of\n \n Charlotte's\n \n Web market-leading products.\n \n \n \"We have been developing this opportunity with Energy Hemp for some time and are proud to announce this new partnership to launch into\n \n Greater China\n \n...