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Charlotte's Web Positions for American Cannabis Legalization With Option to Acquire Stanley Brothers – New Cannabis Ventures


March 3, 2021 at 7:44 am
Published by NCV Newswire
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Charlotte’s Web Positions to Enter US Cannabis Wellness Market
Charlotte’s Web secures Option to purchase Stanley Brothers’ cannabis business
BOULDER, Colo., March 3, 2021 /PRNewswire/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”, “CW” or the “Company”) (TSX: CWEB) (OTCQX: CWBHF), the market leader in full-spectrum hemp CBD extract products, announces that it has entered into an Option Purchase Agreement (the “Option”) with Stanley Brothers USA Holdings, Inc. (“Stanley Brothers USA”), a privately-held Delaware company, and the shareholders of Stanley Brothers USA. Stanley Brothers USA is a cannabis wellness incubator currently operating in three states (Colorado, California, Florida) with expansion plans underw ....

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