Charlotte’s Web expands distribution of CBD products in partnership with Southern Glazer’s – Charlottes Web Holdings (OTC: CWBHF)
Charlotte’s Web Holdings, Inc. CWBHF CWEB signed a multi-year contract distribution agreement with Southern Glazer Wines and Spirits. Charlotte’s web CBD gummies, oil capsules and tinctures will be available by Southern Glazer’s retail customer network.
Southern Glazer’s operations in 44 U.S. states and the District of Columbia reach consumers in brick-and-mortar retail stores licensed to sell alcohol, including grocery stores and specialty retailers.
“This exciting relationship is another step in delivering on our promise to evolve our model into key multi-state distribution relationships in new verticals,” said Jacques Tortoroli, CEO of Charlotte’s Web. “Southern Glazer’s large-scale distribution in the food and beverage, specialty beer, wine and spirits, hospitality, and mass merchandise industries meets consumer demand for well-being in this category. I look forward to working closely together to grow our respective businesses.
Kariff RoomsVice President, New Ventures, Southern Glazer’s Wine & Spirits, said, “We have continued to build our expertise in CBD by providing our suppliers and customers with a trusted distribution experience that allows us to grow this category. The addition of Charlotte’s Web allows us to bring an expanded portfolio of innovative products to our retail customers and continue to grow the exciting CBD category.”
Photo: Courtesy of CNW Group/Charlotte’s Web Holdings, Inc.
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