BOULDER, Colo. – (TSX:CWEB, OTCQX:CWBHF) Charlotte’s Web, the company behind the world’s most trusted hemp extract has achieved another milestone in its continued commitment to innovation and consistency in hemp genetics. The Company has earned U.S. utility patent U.S. 10,653,085, its second U.S. patent for hemp genetics. This patent is for ‘CW1AS1’, a new hemp variety created by company co-founder Joel Stanley and Sr. Director of Cultivation R&D Bear Reel. The patent takes Charlotte’s Web’s premier proprietary genetics to the next generation, and builds a strong wall of protection around it, and the products made from it.
“This ‘CW1AS1’ patent gives Charlotte’s Web the highest level of protection for our proprietary genetics and ensures that Charlotte’s Web products will continue to be available to the thousands who use them in a form that is consistent and provides the same user experience time and time again,” said Deanie Elsner, Charlotte’s Web CEO and President.
Patents on hemp genetics are a new frontier, and very few patents in this sector have been issued to date. Charlotte’s Web, the world’s largest vertically integrated hemp company, has been at the forefront of this new frontier in hemp patents and will continue to invest in its breeding program and in the science of hemp to ensure a consistent and high-quality supply is available.
“This patent recognizes the progress our breeding program has made to assure our farmer partners that the plants they grow will yield better and have a high level of phytocannabinoids,” said Reel.
Charlotte’s Web’s flagship Original Formula was the first CBD wellness product to be sold nationally to consumers. Before Charlotte’s Web was officially founded in 2013, there was a waiting list of more than 15,000 individuals for Original Formula, which uses the same proprietary phytochemical profiles produced by the now patented ‘CW1AS1’ hemp variety.
About Charlotte’s Web Holdings, Inc.
Founded by the Stanley Brothers in 2013 in Colorado, Charlotte’s Web Holdings, Inc. is the market leader in the growing, production and distribution of innovative hemp-derived cannabidiol (“CBD”) wellness products. The Company’s exceptional quality products, tested more than 20 times, start with proprietary hemp-derived extracts naturally containing a full spectrum of phytocannabinoids and entourage phytochemicals including CBD, terpenes, flavonoids, and other beneficial hemp compounds. Industrial hemp products are non-intoxicating. Charlotte’s Web product categories include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals, as well as CBD pet products. Charlotte’s Web hemp-derived products are sold through select distributors, in more than 11,000 brick and mortar stores, and online at www.CharlottesWeb.com.
