Charlotte's Web Holdings reports retail returns with 11.4% year-over-year growth in its Q2-2021 results
The economic recovery from the pandemic

CBD, or cannabidiol, is known to support the body in a number of ways. Its integration into people's health routines has increased over the years as it is one of the 100+ cannabinoids on the market today. Charlotte's Web Holdings (OTCMKTS: CWBHF), the leader in hemp extract wellness products, can attest to the benefits of the whole plant for the body. The Colorado-headquartered company, a leader in innovative hemp extracts, did it again after reporting an 11.4 percent increase in sales in its Q2.2021 financial results. From $ 21.7 million in Q2-2020, the company reached $ 24.2 million. This was in addition to a 65.5% increase in consolidated revenue. Like any other institution, Charlotte's Web has been hit hard by the pandemic. However, according to the company's CEO Deanie Elsner, the recovery began in the first and second quarters. The shift of customers from brick-and-mortar retail to online shopping contributed to a 38% increase in retail sales. The company also took the lead in the food / drug / bulk and natural starch retail channels in the United States. Charlotte's Web was also successful in other areas during the same reporting period. For example, the company secured a purchase option agreement to take over the cannabis business of Stanley Brothers, subject to the nationwide legalization of cannabis in the United States. The company's science division, CW Labs, has partnered with Colorado State University's College of Agricultural Sciences to conduct full-spectrum chemistry studies. Under the direction of Dr. Jessica Prenni was investigated to what extent different environmental conditions can influence the phytochemical profile of the hemp plant. Dr. Prenni stated, "We are excited to have the opportunity to work with Charlotte's Web to help expand the knowledge base around the full-spectrum hemp extract product." In the meantime, it's worth noting that Charlotte's Web's hemp extract wellness products contain proprietary hemp genetics and are 100% grown on American farms. They are sold in more than 14,000 sales outlets.





