DENVER, April 25, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF) Charlotte’s Web Holdings, Inc., (“Charlotte’s Web” or the “Company”), the market leader in full-spectrum cannabidiol (“CBD”) hemp extract wellness products, today announced management changes in finance and operations.
Charlotte’s Web Board of Directors has appointed Lindsey Jensen as Chief Financial Officer replacing Wes Booysen who is departing the Company to pursue other opportunities. These changes are effective today. Ms. Jensen was most recently Vice President of Finance Sales & Operations. Ms. Jensen joined Charlotte’s Web in 2019 and has more than a decade of executive financial leadership experience in the consumer-packaged goods industry at companies including Whitewave Foods and Patagonia, Inc.
Jared Stanley, Charlotte’s Web co-founder and Chief Cultivation & Innovation Officer has been appointed Chief Operating Officer. Ray Kunkel, Vice President of Supply Chain, will report to Mr. Stanley. Mr. Kunkel joined the Company in 2019 and has years of experience in supply chain, including over twenty years with Procter & Gamble, and six years at Perrigo.
“I am thankful for the service and stewardship Wes has provided Charlotte’s Web,” said Jacques Tortoroli, CEO of Charlotte’s Web. “I look forward to the incredible future we have ahead at Charlotte’s Web 2.0. I couldn’t be happier that Jared will serve as our Chief Operating Officer and continue to provide inspiration to our 200+ employees. He has been at my side setting our ambition and vision for CW2.0. and is the right person to take on supply chain in addition to his responsibilities leading cultivation, NPD, quality, and innovation. I am equally excited to have Lindsey leading finance. She has a keen understanding of our business and our economics that can be leveraged across the Company in her new role.”
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About Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc., a Certified B Corporation headquartered in Denver, is the market leader in innovative hemp extract wellness products under a family of brands which includes Charlotte’s Web™, CBD Medic™, CBD Clinic™, and Harmony Hemp™.
Charlotte’s Web was founded by the seven Stanley Brothers in 2013 when they famously developed a unique CBD hemp extract to help a little girl in need, and forever changed global perceptions around the wellness benefits of hemp. With its storied origins, Colorado-based Charlotte’s Web is widely recognized around the world for its patented hemp cultivars which provide full spectrum entourage effects from its whole-plant extracts. Charlotte’s Web is often referred to as “The World’s Most Trusted Hemp Extract”.
Charlotte’s Web branded premium quality products start with proprietary hemp genetics that are 100-percent American farm grown and manufactured into hemp extracts containing naturally occurring phytocannabinoids including cannabidiol (“CBD”), CBC, CBG, terpenes, flavonoids, and other beneficial hemp compounds. The Company’s CW Labs R&D division, advances hemp science at two centers of excellence in Louisville, Colorado, and the Hauptmann Woodward Research Institute at the University at Buffalo, part of the State University of New York (SUNY) network. Charlotte’s Web product categories include full-spectrum hemp CBD oil tinctures (liquid products), CBD gummies (sleep, stress, exercise recovery), CBD capsules, CBD topical creams and lotions, as well as CBD pet products for dogs. Through its vertically integrated business model, Charlotte’s Web maintains stringent control over product quality and consistency. In the United States, Charlotte’s Web products are distributed to more than 15,000 retail, over 8,000 health care practitioners, and online through the Company’s website at www.CharlottesWeb.com.