Charlotte’s Web appoints Greg Gould Chief Financial Officer and Chief Administrative Officer

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Greg Gould is a senior finance executive with over two decades of experience in CFO roles, leading multiple small to mid-sized companies in the natural wellness and biopharmaceutical industries. Mr. Gould brings significant financial and operational experience gained from publicly traded and private companies. He is a Certified Public Accountant with expertise in building and leading accounting departments, finance teams and reporting systems.

Mr. Gould has served as the Company’s financial advisor since April of this year, providing leadership and support for the Company’s financial and regulatory reporting process. Charlotte’s Web has become a registered reporting issuer with the U.S. Securities and Exchange Commission for 2022, and Mr. Gould has considerable experience in senior financial roles for SEC-listed reporting companies.

“Through Greg’s advisory work with Charlotte’s Web this year, his knowledge of our business and our leadership allows for a smooth transition,” said Jacques Tortoroligeneral manager of Charlotte’s The Web. “And with his 20 years of experience in the natural wellness and biotech industries, his appointment is a key asset to our future business strategy.”

Mr. Gould said: “I am very happy to join the Charlotte’s The web team will continue to build the world’s leading CBD brand as we focus on the most effective way to improve the quality of life for people around the world while creating long-term shareholder value. »

Lindsey Jensenthe former Chief Financial Officer, resigned for personal convenience and will remain with the Company for a transitional period. The Board of Directors expresses its appreciation for the significant contributions Ms. Jensen has made to the Company since joining Charlotte’s Web in 2019 and wish him good luck in his future endeavours.

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About Charlotte’s Web Holdings, Inc.

Charlotte’s Web Holdings, Inc., a Certified B Corporation headquartered in denveris the market leader in innovative hemp extract-based wellness products under a family of brands that includes Charlotte’s Web™, CBD Medic™, CBD Clinic™ and Harmony Hemp™. Charlotte’s Premium Web-branded products begin with proprietary hemp genetics that are grown 100% on a US farm using organic and regenerative growing practices. The Company’s hemp extracts contain natural botanical compounds, including cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids and other beneficial compounds. The company’s CW Labs R&D division advances hemp science in two centers of excellence in Louisville, Coloradoand the Hauptmann Woodward Research Institute in University at Buffalopart of the State University of New York (SUNY) network. Web Product Categories Include Full Spectrum Hemp CBD oil tinctures (liquid products), CBD gummies (sleep, stress, exercise recovery)CBD capsules, Topical CBD creams and lotionsas good as CBD Pet Products for Dogs. Thanks to its vertically integrated business model, Charlotte’s Web maintains rigorous control over product quality and consistency with over 20 product batch tests for quality assurance. Charlotte’s Web products are distributed to more than 15,000 retailers, more than 8,000 healthcare professionals, and online through the company’s website at www.CharlottesWeb.com

Forward-looking information
Certain information contained in this press release constitutes forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively, “Forward-Looking Information”). In some, but not necessarily all, cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect to ‘, ‘is expected’, ‘opportunity exists’, ‘is positioned’, ‘estimates’, ‘intends’, ‘assumes’, ‘anticipates’ or ‘does not anticipate’ or ‘believes’, or variations of these words and phrases or states that certain actions, events or results “may”, “could”, “would”, “could”, “will” or “will be taken”, “occur” or “will be carried out” . In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. ‎Specifically, this press release contains forward-looking information regarding, among other things: the future of Charlotte’s Web and the impacts of management changes.

Statements containing forward-looking information are not historical facts, but rather represent management’s current expectations, estimates and projections regarding the future of our business, future plans, strategies, projections, expected events and trends, the economy and other future conditions. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates which, although considered reasonable by the Company as of the date of this press release, are subject to risks, uncertainties, assumptions and other known and unknown factors that may cause actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Important factors and assumptions used in developing the forward-looking information contained herein include, but are not limited to, the following: the impact of the COVID-19 pandemic; the regulatory climate in which the Company currently operates and may operate in the future; consumer interest in CBD; successful sales of the Company’s products; and the success of sales and marketing activities. Important factors that could cause actual results and financial condition to differ materially from those set forth in the forward-looking information include, among others, the factors discussed in the “Risk Factors” section of the Company’s most recent annual report filed on Form 10-K. for the year ended December 31, 2021 Available on www.SEDAR.com and www.sec.gov and other risk factors contained in other documents filed with the Securities and Exchange Commission available at www.sec.gov and filings with Canadian securities regulators available at www.sedar.com. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update any forward-looking information, whether written or oral, which may be made from time to time, whether as a result of new information, future developments or otherwise.

THE SOURCE Charlotte’s Web Holdings, Inc.

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