GNC to Distribute Products for CBD Co.

Source: Streetwise Reports   01/22/2022

The agreement with GNC is a step toward Charlotte’s Web Holdings’ goals of expanding consumer access to its products and becoming cash flow positive this year, noted a ROTH Capital Partners report.

To increase revenue and become cash flow positive in 2022, Charlotte’s Web Holdings Inc. (CWEB:CSE; CWBHF:OTCQX) is reorganizing and implementing several programs, reported ROTH Capital Partners analyst Scott Fortune.

A primary focus of the firm this year is on expanding consumer access to its CBD products, and the GNC distribution agreement helps it do that by boosting its U.S. consumer retail channel. Also with the agreement comes an expansion opportunity, to have Charlotte’s Web gummies and potentially other products in GNC’s 2,000 locations.

“The GNC partnership is an excellent fit to expand Charlotte’s Web’s addressable market, targeting health and fitness consumers through a leading global health and wellness retailer,” Fortune added.

Other strategies of Charlotte’s Web are to form additional partnerships and launch new products, in the U.S. and globally, the analyst noted.

Also, “given the positive passage of Assembly Bill 45 in California, we expect new distribution opportunities and ingestible product acceptance by retailers to provide expanded growth opportunities and new revenues streams over time,” Fortune wrote.

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Disclosures for ROTH Capital Partners LLC, Charlotte’s Web Holdings Inc., Jan. 18, 2022

Shares of Charlotte’s Web Holdings, Inc (CWEB.CN ) and CV Sciences, Inc. may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities. Within the last twelve months, ROTH Capital Partners, or an affiliate to ROTH Capital Partners,  has received compensation for investment banking services from CV Sciences, Inc.

Shares of CV Sciences, Inc. may not be eligible for sale in one or more states.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital  Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and  uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors.