Charlotteâ€™s Web hemp-derived CBD Pet product line for canines; chicken flavored hemp-extract oils, dog soft chews with botanical for calming, hips & joints, and cognition. (CNW Group/Charlotteâ€™s Web Holdings, Inc.)
The endocannabinoid system (ECS) is not exclusive to humans. Other mammals can also benefit from Charlotteâ€™s Web hemp-extracts with a broad spectrum of naturally occurring cannabinoids including cannabidiol (â€śCBDâ€ť). Â According to market research firm Packaged Facts in its recent reportÂ U.S. Pet Market Outlook, 2019-2020, 85 percent of dog owners agree that â€śMy pet sometimes has anxiety/stress issues.â€ť
The new functionally focused chews represent a notable new consumable formatÂ from Charlotteâ€™s WebÂ and come in three formulations with synergistic functional ingredients to target specific health functions including:Â Calming, Hips & Joints and Cognition. The chews are all-natural, grain and soy free, and feature 2.5mg of naturally occurring phytocannabinoids per chew.
Each chew formulation contains the Companyâ€™s market-leading Charlotteâ€™s Web hemp extract and are uniquely enhanced with functional herbs and botanical supplements that work in synergy to further support each targeted health focus.
Dog Chews by Charlotteâ€™s Web
Helps with everyday stresses, including travel or separation, to help your dog keep calm and relaxed. Enhanced with Valerian Root, Passionflower Extract and Chamomile.
HIPS & JOINTS
Promotes healthy hips and joints, eases stiffness due to normal daily activity and ageing.
Enhanced with Glucosamine, Turmeric and Chondroitin.
Naturally supports brain health. Enhanced with Elderberry Powder, DHA, EPA and Vitamin- E.
All three chew formulations are produced using a new chicken flavor created for the Charlotteâ€™s Web canineÂ products line. The new chicken flavor has also been added to the easily digestible and healthy oil products, which now come with an improved pump delivery system making administering oil to pets easier.
Charlotteâ€™s Webâ€™s new hemp-infused balm can be massaged into a petâ€™s skin for help with stiff joints, tender paws or sensitive skin. The hemp-infused balm features supporting botanical ingredients for topical pet health.
â€śSo many of our customers share amazing stories about the noticeable improvements in their dogâ€™s lives when incorporating our hemp-extract into their diets,â€ť stated Kelsey Morrison, Associate Director of Product Development at Charlotteâ€™s Web. Â â€śWe applied a thoughtful scientific approach to animal health, expanding from our single oil extract offering to twelve SKUs enhanced with additional botanicals to support your dogâ€™s mind, body and soul.Â This new pet line aims to improve the lives of those who help us improve ours. Because theyâ€™re not just pets, theyâ€™re family.â€ť
Developed by the Companyâ€™s animal food sciences team, the entire Charlotteâ€™s Web pet line is approved by the National Animal Supplement Council (â€śNASCâ€ť) for compliance with animal food and product safety. Charlotteâ€™s Web is one of only a few hemp companies to be compliant with NASC. NASC is at the forefront of the push to safely regulate the pet market for animal supplements, offering a quality seal audit program and keeping in close contact with the FDA.
â€śWe all want to see our four-legged friends healthy, happy and safe,â€ť said Hess Moallem, President and Chief Executive Officer of Charlotteâ€™s Web.Â â€śAs a proud member of the NASC we strictly adhere to all NASC regulatory guidelines, and each of the pet products we sell go through the NASC approval process. Working closely with the NASC provides pet owners and retailers with assurance that Charlotteâ€™s Web pet products are compliant and safe.Â And, like all our products, over 20 tests are applied throughout the production process. This is only one of the many reasonâ€™s Charlotteâ€™s Web is known as The Worldâ€™s Most Trusted Hemp Extract.â€ť
About Charlotteâ€™s Web Holdings, Inc.
Charlotteâ€™s Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-derived cannabidiol (â€śCBDâ€ť) wellness products. Founded by the Stanley Brothers, the Companyâ€™s premium quality products start with proprietary hemp genetics that are responsibly manufactured into hemp-derived CBD extracts naturally containing a broad spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds. Industrial hemp products are non-intoxicating. Charlotteâ€™s Web product categories include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals, as well as CBD pet products. Charlotteâ€™s Web hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online through the Companyâ€™s websiten at www.CharlottesWeb.com. The rate the Company pays for agricultural products reflects a fair and sustainable rate driving higher quality yield, encouraging good farming practices, and supporting U.S. farming communities.
Charlotteâ€™s Web is a socially conscious company and is committed to using business as a force for good and a catalyst for innovation. The Company weighs sound business decisions with consideration for how its efforts affect its employees, customers, the environment, and the communities where its employees live and where it does business, while maximizing profits and strengthening its brands. The Companyâ€™s management believes that socially oriented actions have a positive impact on the Company, its employees and its shareholders. Charlotteâ€™s Web donates a portion of its pre-tax earnings to charitable organizations.
Shares of Charlotteâ€™s Web trade on the Canadian Securities Exchange under the symbol â€śCWEBâ€ť and in the United States on the OTCQX under the symbol â€śCWBHFâ€ť. Â As at March 31, 2019 Charlotteâ€™s Web has 25,375,294 Common Shares outstanding and 169,696.18 Proportionate Voting Shares convertible at 400:1, for an effective equivalent of 93,253,766 Common Shares outstanding.