BOULDER, Colo., January 12, 2021 / PRNewswire / – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market leader in hemp-based CBD wellness products, announces that Charlotte’s Web, Inc., a wholly owned subsidiary, has obtained US utility patents for its hemp genetics from the United States Patent and Trademark Office. The newly issued patents cover two of the Company’s new feminized hybrid hemp seed varieties developed under the Company’s breeding program; “Kirsche” (U.S. Patent No. 10,888,060) and “Lindorea” (U.S. Patent No. 10,888,059). “Lindorea” and “Kirsche” are the first two US utility patents authorized in the world to read on feminized hybrid hemp plants.
The company has now obtained a total of five US hemp variety patents: one plant patent and four utility patents as it advances the science of hemp horticulture.
“The realization of the first patented hemp hybrids demonstrates that it is possible to improve hemp by methods similar to those of other agronomic crops using natural breeding techniques. We believe that ‘Kirsche’ and ‘Lindorea’ are among the most resistant varieties of botanical hemp in cultivation, “said Bear Reel, vice president of cultivation and R&D at Charlotte Web and developer of new varietals.
‘Kirsche’, having a naturally rich phytochemical profile and good disease resistance, has excellent plant structure and a flower / stem ratio compatible with mechanical harvesting innovations. ‘Lindorea’, developed for the Kentucky climate, exhibits broad resistance to fungal pathogens in the northern and southern Appalachian regions, but also in the wetter fall climate of Oregon, while providing record yields.
“The US ‘Kirsche’ and ‘Lindorea’ patents represent more than four years of scientific research and testing, and some of the most pioneering work in genetics in the CBD hemp industry today,” said Deanie Elsner, President and CEO of Charlotte Web. Charlotte’s Web will continue to advance and protect our prized hemp varietals to build consumer confidence in the consistency of our hemp extract products. It is at the heart of our mission to advance hemp science. for the greater benefit of those who choose them. products for their welfare needs. “
About Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc., a Certified B company headquartered at Boulder, Colorado, is the market leader in the production and distribution of innovative hemp-derived (“CBD”) wellness products under a family of brands that includes Charlotte’s Web ™, CBD Medic ™, CBD Clinic ™ and Hemp Harmony. The company’s premium products start with proprietary hemp genetics that are 100% American cultivated and made from whole plant hemp extracts containing a full spectrum of natural phytocannabinoids including CBD, CBC, CBG, terpenes, flavonoids and other beneficial compounds in hemp. Charlotte’s web product categories include CBD oil tinctures (liquid products), CBD candy (sleep, stress, recovery from inflammation), CBD capsules, Topical CBD Creams and Lotions, as good as CBD pet products for dogs. Charlotte’s Web is the number one CBD brand in the United States and distributed through more than 22,000 points of sale, selected distributors and online through the Company’s website at www.CharlottesWeb.com.
Charlotte’s Web was founded by the Stanley Brothers with a mission to unleash the healing powers of plants through compassion and science, for the benefit of the planet and all who live on it. Charlotte’s Web is an environmentally and socially conscious company committed to using business as a positive force and catalyst for innovation. The Company evaluates sound business decisions by considering how its efforts affect employees, customers, the environment and diverse communities. The rate the Company pays for agricultural products reflects a fair and sustainable rate that generates higher quality yield, encourages regenerative farming practices, and supports American farming communities. Management believes that its socially responsible and environmentally friendly actions have a positive impact on its customers, suppliers, employees and stakeholders. Charlotte’s Web donates part of its pre-tax profits to charitable organizations.
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This press release contains forward-looking statements and information within the meaning of applicable securities laws. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates” , “Intention”, “” anticipates “or” does not anticipate “, or” believes “, or variations of these words and expressions or states that certain actions, events or results” could “,” could “,” would “,” could “or” would “be made, occur or be attained. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause results, performance or achievements actual results of Charlotte’s Web are materially different from future results, performance or achievements expressed or implied by forward-looking statements, or information contained in this press release.
The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including assumptions as to the effectiveness and results of research; the negative impact of the COVID-19 pandemic on the Company’s operations; and the risks contained in Charlotte’s Web’s annual information form dated March 27, 2020 and filed with Canadian securities regulatory authorities, available on Charlotte’s Web Issuer Profiles on SEDAR at www.sedar.com. Readers are cautioned that the above list of factors is not exhaustive.
Charlotte’s Web Holdings, Inc.
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