(MENAFN– PR Newswire)
Enters Safety Assessment Phase to Await Approval
DENVER, July 1, 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 , has passed validation in its Novel Food applications from the Food Standards Agency (‘FSA’) in the United Kingdom for its Original Formula full-spectrum hemp extract product.
This marks a milestone for its Original Formula. Charlotte’s Web is the only substantially vertically integrated US company with a full-spectrum hemp extract to have passed the Validation phase and advance to the safety Assessment Phase. This uniquely positions Charlotte’s Web in the growing UK CBD market.
The Company’s dedication to and investment in vertical integration, with oversight over all stages of product quality from seed and soil to final product, has been recognized by the leading authorities in the EU and UK jurisdictions, as its gained approval in this next stage of the Novel Food application process. The significant research and safety data provided by Charlotte’s Web for its products speaks to the commitment of the Company to truly be The World’s Most Trusted Hemp ExtractTM as it prepares to expand distribution to the UK, EU, and countries worldwide.
‘Charlotte’s Web understands that product quality, safety, and brand values matter to global health seekers…