Charlotte’s Web

Charlotte’s Web

Founded by the Stanley Brothers – Josh Stanley oldest of them leaves CW and goes to Kentucky where he founds – GenCanna and Citiva Medical LLC

Josh Stanley then eyes medical cannabis in New York State but loses bid for license “Citiva Medical – run by MMJ pioneer Josh Stanley, who helped develop the Charlotte’s Web strain of cannabis – had the ninth-highest score.” returns to CW July 3, 2018 Josh Stanley is the Director of New Business Development of CW Hemp, a leading global social enterprise company that creates plant-based health and wellness solutions. Josh and his six brothers are pioneers in non-psychoactive cannabis industry for developing proprietary hemp genetics with low Tetrahydrocannabinol (THC) and high Cannabidiol (CBD) that became the foundation of their Charlotte’s Web products.”

Charlotte’s Web has new leadership as of January 30, 2020.

“Jared Stanley, Company Co-Founder and Vice President of Cultivation Operations, has been promoted to the newly created role of Chief Cultivation Officer, reporting directly to the Chief Executive Officer, Deanie Elsner. Over the past 6 years, Mr. Stanley has established cultivation excellence for the Company with industry leading expertise. The appointment reflects Mr. Stanley’s successful oversight in the execution of every step of the cultivation process. Cultivation is a critical component of the Charlotte’s Web supply chain that ensures consistency of high-quality products consumers have come to rely on.

“I am very grateful for this recognition. Cultivation and genetics are the foundation of Charlotte’s Web and I am thrilled to be leading it for the organization I helped create” said Mr. Stanley. “It is an area that we have learned to excel in, and our world-class agriculture division continues to cultivate new cannabinoid rich hemp and the higher quality CBD that consumers trust.”

Kelly Shea has joined the Company in the newly created role of Senior Vice President of Government Affairs & Corporate Communications, overseeing Federal and State Government Relations, Corporate Social Responsibility, Communications, and Customer Education. Ms. Shea comes to the Company from Danone North America (formerly WhiteWave), where she employed her strong knowledge of agriculture and the legislative environment to advance policies for farmers and food manufacturers to transform the Organic dairy category.

Paul Lanham, Chief Data, IT and ECommerce Officer, will now report into Deanie Elsner, Chief Executive Officer. Mr. Lanham, oversees the business analytics, digital strategy, and direct-to-the-consumer ecommerce business to bring visibility to operations, enabling better reach and customer service.

Chief Operating Officer, Stephen Lermer, is leaving the Company effective January 31, 2020, returning to his home in Central America to be with family where he will pursue regional opportunities. The Company’s vertically integrated supply chain teams assembled under Mr. Lermer will continue their work under the oversight of Chief Financial Officer, Russ Hammer until the new operations leader is announced. The Company extends its gratitude to Mr. Lermer for the competent teams he has built.”

Shares of Charlotte’s Web trade on the Toronto Stock Exchange (TSX) under the symbol “CWEB” and are quoted in U.S. Dollars in the United States on the OTCQX under the symbol “CWBHF”. As of January 1, 2020, Charlotte’s Web had 67,418,174 Common Shares outstanding and 95,342.49 Proportional Voting Shares convertible at 400:1 into Common Shares, for an effective equivalent of 105,555,170 Common Shares outstanding.