2023-05-01 11:23:23 ET
The %PetCBD market is experiencing strong growth, with estimates for over $400 million in U.S. retail sales annually according. And this company is expanding with this new announcement.
CBD hemp extract wellness market leader %CharlottesWebHoldings (TSX: ) (OTCQX: ) announced in a press release that they have added Phillips Pet Food & Supplies, America's largest distributor in the pet specialty retail channel, covering more than 6,000 retailers representing more than 14,000 retail locations.
Charlotte's Web Holdings, Inc., is a Certified B Corporation headquartered in Denver, is a market leader in innovative hemp extract wellness products. The firm’s whole-plant CBD extracts come in full-spectrum and broad-spectrum (THC-free) options, including the world's only broad-spectrum CBD certified NSF for Sport, the official CBD of Major League Baseball.
Shares were trading up in morning trade.