- Charlotte’s Web Holdings (TSX:CWEB), a cannabis stock specializing in hemp wellness products, is up by 6.8 per cent after announcing a deal to roll out its new line of CBD topical products into 827 Walmart (NYSE:WMT) stores
- The deal covers stores in California, Illinois, Florida, Texas and Pennsylvania
- Charlotte’s Web is a North American market leader in wellness products harnessing hemp’s naturally occurring botanical compounds
- Charlotte’s Web stock has given back 9.62 per cent year-over-year and 98.77 per cent since 2019
Charlotte’s Web Holdings (TSX:CWEB), a cannabis stock specializing in hemp wellness products, is up by 6.8 per cent after announcing a deal to roll out its new line of CBD topical products into 827 Walmart (NYSE:WMT) stores across California, Illinois, Florida, Texas and Pennsylvania.
The new competitively priced offerings include a balm stick, a cream and a cooling gel, each containing 1,000 mg of concentrated CBD isolate, in addition to soothing and cooling ingredients such as menthol, camphor and aloe vera. All products are certified non-GMO, cruelty-free, sulfate-free, paraben-free and formulated without major allergens.
Leadership insights
“We are proud to introduce CBD topicals at Walmart, reflecting Charlotte’s Web’s dedication to setting new standards of excellence in the CBD industry, ensuring every Walmart shopper can experience the transformative benefits of our meticulously crafted products,” Bill Morachnick, chief executive officer of Charlotte’s Web, said in a statement. “We are not only broadening our retail footprint but also reinforcing our mission to innovate and elevate consumers’ wellness journeys through science-backed CBD solutions.”
About Charlotte’s Web Holdings
Charlotte’s Web is a North American market leader in wellness products harnessing hemp’s naturally occurring botanical compounds, including CBD, CBN, CBC, CBG, terpenes and flavonoids. The company is the official CBD brand of Major League Baseball, Angel City Football Club and the Premier Lacrosse League.
Charlotte’s Web stock (TSX:CWEB) is up by 6.82 per cent, trading at C$0.24 per share as of 11:53 am ET. The stock has given back 9.62 per cent year-over-year and 98.77 per cent since 2019.
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(Top photo of Charlotte’s Web Holdings’ line of gummies, which do not fall under Wednesday’s news release: Charlotte’s Web Holdings)