Charlotte's Web Holdings, Inc. CWEB CWBHF said Tuesday that the Vitamin Shoppe Inc VSI has started selling the company's line of hemp-extracted, CBD-infused in 738 stores across 45 states.
The Vitamin Shoppe now offers three types of Charlotte’s Web products: CBD hemp extract oil tinctures, liquid capsules and gummies.
The company said its gummies, which were launched in June, are specially made with whole-plant extract from its prized hemp genetics to help recovery from exercise; improve sleep; and ease stress.
Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
"This nationwide pickup of our popular new gummy line by The Vitamin Shoppe is very exciting to report," Charlotte's Web CEO Deanie Elsner said in a statement.
"Working with a trusted retail partner that is dedicated to helping its customers become their best self allows us to effectively expand our national footprint, giving more Americans retail access to our leading CBD hemp extract wellness products. We are thrilled about The Vitamin Shoppe's decision to expand their offering with our new chewable gummies."
Charlotte’s Web’s shares were trading down 4.36% at the time of publication, while Vitamin Shoppe shares were down 10.04%.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.
Photo courtesy of Charlotte's Web.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.