Charlotte's Web Holdings (TSX: CWEB) (OTCQX: CWBHF) - Investor Dashboard
|Market Focus:||United States|
|Employees:||316 at 12/31/19|
Charlottes Web Holdings – Hemp Facilities
Hemp-based CBD grown, sold and distributed in the United States
700 acres cultivated in the 2019 season/40,000-square-foot, cGMP-certified manufacturing and R&D facility
The cultivation of CBD-based industrial hemp in the United States is relatively new. As a result, there is limited technology available in the market related to the planting and harvesting of these crops. Since its first crop production in 2014, Charlotte’s Web has taken a leadership position in advancing the technology surrounding all aspects of Industrial Hemp production. The company’s R&D efforts are being driven by the increasing demand for its products and its desire to create an expanded portfolio of products that serve the customers’ needs. R&D focus is primarily on growing the highest quality product in the industry, and secondly on the scalability and economic cost to produce the crops.
Charlotte’s Web has CO2 extraction and alcohol extraction capabilities, as well as proprietary extraction and isolation processes. The company’s Boulder, Colorado facility has earned NSF International’s GMP registration.
The company has signed a lease for a 137,000-square-foot facility in Louisville, Colorado. The facility will support production, distribution, and R&D expansion. The facility is aiming to be energy-efficient with 30 percent energy cost savings, 20 percent recycled content in the building materials, 35 percent reduced potable water usage, and 50 percent of construction waste diverted from landfills.
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