Charlotte's Web Holdings, Inc. CWBHF CWEB has signed a multi-year distribution agreement with Southern Glazer's Wine Spirits. Charlotte's Web CBD gummies, capsules and oil tinctures will be available through Southern Glazer's retail customer network.
Southern Glazer's operations in 44 U.S. states and the District of Columbia reach consumers at mainstream retail stores licensed to sell alcohol, including grocery and specialty retailers.
This exciting relationship is a step in delivering on our promise to shift our model to key multi-state distributor relationships in new industry verticals, said Jacques Tortoroli, CEO of Charlotte's Web. I look forward to working closely to grow our businesses. Kariff Rhooms, Vice President, New Ventures, Southern Glazer's Wine Spirits, said, "We've continued to build on our expertise in CBD by providing our suppliers and customers with a trusted distribution experience that allows us to grow this category." We can bring an expanded portfolio of innovative products to retail customers by adding Charlotte's Web, and continue to grow the exciting CBD category. Here are the details of the Charlotte's Web Q 2 Revenue Decreases 21% YoY, and Here Are The Details
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