Charlotte's Web Holdings, Inc. Expands Distribution with Phillips Pet Food & Supplies
May 01, 2023 at 03:24 pm
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Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in cannabidiol ("CBD") hemp extract wellness products is pleased to add Phillips Pet Food & Supplies ("Phillips"), America's largest distributor in the pet specialty retail channel, covering more than 6,000 retailers representing more than 14,000 retail locations. Phillips boasts a broad assortment of pet specialty retail, paired with comprehensive customer touchpoints to drive engagement across its national footprint from independent boutique pet stores to regional chains and national chains and mass retailers. Initial orders have been shipped and Phillips will distribute the full line of Charlotte's Web pet products, including topical pet products, and functionally focused CBD dog chews with synergistic ingredients to support specific health functions; Calming, Hips & Joints, and Cognition.
The U.S. CBD pet market is estimated to be more than $400 million in retail sales annually according to the Brightfield Group (April 2023).
Charlotte's Web Holdings, Inc. (Charlotteâs) is engaged in providing hemp extract wellness products under a family of brands which includes Charlotteâs Web, CBD Medic, CBD Clinic, and Harmony Hemp. Charlotteâs Web branded products start with its hemp genetics that are 100% North American farm grown and manufactured into hemp extracts containing naturally occurring phytocannabinoids, including cannabidiol (CBD), cannabichromene (CBC), cannabigerol (CBG), cannabinol (CBN), terpenes, flavonoids and other beneficial hemp compounds. Charlotteâs Web product categories include full spectrum hemp extract oil tinctures (liquid products), gummies (sleep, calm, immunity, exercise recovery, daily wellness, THC-free), capsules, topical creams and lotions, as well as CBD pet products for dogs. Charlotteâs Web products are distributed to retail outlets and health care practitioners, as well as online through the Companyâs Website at www.Charlottesweb.com.