Charlotte’s Web reveals premium sports product line undergoing NSF certification process

Natural wellness options to help you recover, focus and sleep

Denver, August 11, 2022 /PRNewswire/ – (TSX: CWEB) (OTC: CWBHF) Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”, “CW” or the “Company”) is the market leader in full-spectrum hemp extract CBD products, Announced today. plans to launch a product line for the sports sector. The product is now NSF for Sport.® Certification process with NSF. NSF is a third-party organization looking to develop public health standards and certification marks that help manufacturers, regulators, and consumers protect the world’s food, water, consumer products, and the environment. is.

Charlotte’s Web has been used by elite and everyday athletes alike since its inception with the support many athletes have experienced with Charlotte’s Web CBD tinctures and gummies. ACFC) has been named an official CBD partner, marking its first partnership with a sports team. Her web-owned his CBDMEDIC™ in Charlotte has established partnerships with retired professional soccer players. carly lloyd.

Focus, recovery and sleep are key areas of optimization for athletes our sports products can support,” Said Jack Tortoroli, CEO of Charlotte’s Web. “NSF certified for sports® The line can assure sports leagues and their players that their ingredients are safe and can be certified free of banned substances. We believe our NSF-certified products have a positive impact on the lives of professional and amateur athletes and fans alike..”

The first products in Charlotte’s new Web Sports line are expected to launch later this year. NSF Approved Sports® Contains undetectable amounts of THC. Charlotte’s Web already offers THC-free options and uses NSF-certified manufacturing facilities.Final NSF Certification for Sport® Product certification process is in progress.

Each product in Charlotte’s web sports portfolio pipeline is NSF certified for sports to meet the content quality, transparency and safety requirements of many leagues, teams and players.NSF certified for sports® Products must contain less than 9mcg THC per serving. Because the majority of Charlotte’s Web’s current product portfolio includes full-spectrum products, the wide-area sports portfolio targets a different consumer segment than most of its current product lines.

Charlotte’s Web NSF Certified Sports® THC-free products include tinctures, topicals, gummies, and more. The first products slated for launch are NSF-approved tinctures and gummies, followed by his strong sports portfolio, which is expected to launch in the first half of 2023.

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About NSF

NSF is an independent world that promotes the development of standards and tests and certifies products for the food, water, health sciences and consumer goods industries to minimize adverse health effects and protect the environment. organization. Founded in 1944, NSF is committed to protecting the health and safety of people around the world. With operations in 180 countries, NSF is a joint Pan American Health Organization/World Health Organization center for food safety, water quality and indoor climate.

NSF’s health science services include training and education, consulting, clinical research, regulatory guidance, corporate compliance and audits, GMP and GLP analytical testing, DNA testing, certification, the pharmaceutical, biotechnology, medical device, and nutraceutical industries. Includes research and development for throughout the product lifecycle.

About Charlotte’s Web Holdings

Charlotte’s Web Holdings, Inc. is a certified B Corporation headquartered in the United States. Denveris the market leader in innovative hemp extract wellness products under a range of brands including Charlotte’s Web™, CBD Medic™, CBD Clinic™, and Harmony Hemp™. Charlotte’s web-branded quality products start with proprietary hemp genetics grown on American farms using organic and regenerative farming. The company’s cannabis extracts contain natural plant compounds, including cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and other beneficial compounds. Our CW Labs R&D division advances the science of hemp as the center of our research. Louisville, ColoradoWeb product categories include full spectrum hemp CBD oil tinctures (liquid products), CBD gummies (sleep, stress and exercise recovery), CBD capsules, CBD topical creams and lotions, and CBD pet products for dogs. Through a vertically integrated business model, Charlotte’s Web rigorously controls product quality and consistency with over 20 product lot tests for quality assurance. Charlotte’s web products are distributed in over 15,000 retail stores, over 8,000 healthcare professionals and online through her website at Charlotte’s Web’s mission is to “unleash the healing power of plants through compassion and science to benefit the planet and all its inhabitants.”

Forward-Looking Information

Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, “forward-looking information”). In some cases, but not necessarily all, the use of forward-looking terms such as “plans,” “targets,” “expects,” “does not expect,” “expects,” etc. information can be identified. , “opportunity exists”, “positioned”, “estimate”, “intend”, “assume”, “predict”, “do not predict”, or “believe”, or any such Variations of words or phrases or specific actions, events or outcomes that “could”, “could”, “could”, “could”, “could”, To say “could,” “could,” “could,” “will occur,” or “will be achieved.” In addition, any prediction, prediction, or other statement of future events or circumstances. Statements referring to characterizations contain forward-looking information.of

Statements containing forward-looking information are not historical facts but represent management’s current expectations regarding the future of our business, future plans, strategies, forecasts, anticipated events and trends, economic and other future conditions. , estimates, and forecasts. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates, which are subject to known and unknown risks, uncertainties and risks that we believe to be reasonable as of the date of this news release. Certainty, assumptions and other factors may affect them. Actual results, level of activity, performance or achievements could differ materially from those expressed or implied by such forward-looking information. Important factors that could cause actual results and financial condition to differ materially from those indicated in the forward-looking information include, among other things, the “Risk Factors” section of our recently filed Annual Information Form. section. The Company’s recently filed amended Form 10 and other filings with the U.S. Securities and Exchange Commission are available at: www.SEC.comExcept as required by applicable securities laws, we do not disclose any forward-looking information, whether written or oral, regarding forward-looking statements that may be made from time to time as a result of new information, future developments or otherwise. shall not be obligated to publicly update the

SOURCE Web Holdings, Inc. of Charlotte

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