Charlotte's Web Holdings signs a distribution agreement with major beverage distributor Southern Glazer's Wine & Spirits. This brings America's leading CBD brand together with the US's premier wine and spirits distribution company.
Southern Glazer's operates in 44 US states and Washington DC, as well as Canada. “Southern Glazer's large-scale distribution in food and beverage, specialty beer, wine and spirits, hospitality and bulk packaging is meeting consumer demand for 'wellness options' in this category,” said Charlotte's Web CEO Jacques Tortoroli in a statement. .
The Charlotte's Web deal isn't the first CBDdistribution agreement for Miami-based Southern Glazer's: Tilray Brands subsidiary Fresh Hemp Foods signed a US distribution agreement with Southern Glazer's this summer. Canopy Growth Corp. signed a US distribution agreement for its cannabidiol drinks with Southern Glazer's in 2021.
Shares of Charlotte's Web are traded as CWEB on the Toronto Stock Exchange and as CWBHF on the US over-the-counter markets.
Source: mjbizdaily.com (EN)